While malls may be changing hands, those being sold within the property industry are undergoing revamps.
Hardware business owners must remain responsive to customers needs and trends.
The South African retail sector is undergoing a transformative shift towards omnichannel retail, driven by accelerated digitization. Jason Sive, CEO of Mobicred, highlights the rise of a hybrid retail model, where physical stores are seamlessly integrated with digital technology, enhancing the shopping experience. Recent developments, such as Game's myVirtual Credit offering and Hirsch's integration of Mobicred, demonstrate how retailers are adapting to the evolving landscape. Despite initial concerns that digital would overshadow brick-and-mortar retail, footfall volumes in shopping malls are rebounding. The introduction of 'Payshap,' a digital payment system, is expected to further boost online shopping accessibility. These changes aim to democratize digital payments, promote financial inclusion, and usher in a new and improved era for South African retail, combining the strengths of physical and digital commerce.
Décor Depot – a division of Ledaine Trading has been in the market for 50 years – is a major player in the window decor business and is active in eight countries around Southern Africa.
Hardware retail faces a rough patch, but Elite Star Trading Africa’s Louis Greef explains how EST is backing independents by pooling buying power and staying true to its roots. Discover EST’s journey from its FMCG beginnings to a fast-growing hardware network—and what comes next.
Part 4 of the eCommerce series, the five levels of maturity to get your eCommerce business booming.
Part 3 of the eCommerce series, features what a website should contain to be successful.
The part two of DiY's featured series on eCommerce looks into business models available.
Over the next six issues, DIY Industrial & Trade News will be taking a deep dive into the world of eCommerce, to assist those retailers who are not yet online to take the plunge.
The future is never set in stone, but it may be paved by technology.
