Why use Urban Studies?
Urban Studies was founded in 1990
We understand property in cities, towns and rural areas
Last Wednesday the latest retail figures indicated an increase of 2%. However, these were the growth figures for February 2020. This is a clear reflection of the old normal. On the same day more than 100 000 new corona cases were recorded worldwide, which was a new record. In total there are already more than 5.5 million people infected by the virus. The South African graph is different to that of most other countries where of all closed cases, 96.4% has recovered compared to 3.6% deaths. The world trend on closed cases at this stage is 87% recovered and 13% deaths.
LOCKDOWN SHOPPING: WHAT WILL SHOPPING BE LIKE ONCE THE LOCKDOWN IS OVER?
In online surveys conducted by Urban Studies during lockdown, 74% of shoppers indicated that they immediately will return to their centre to shop. Two clear behavioural trends emerged from this research: Almost half of the respondents in different surveys indicated that shopping should be allowed like before the lockdown period started.
“The research clearly confirms a dual tendency of the old normal and a new way of living and shopping”
By the end of 2017 retail sales in South Africa reached the R1 trillion mark for a calendar year. Online shopping increased to 1.8% of total retail spend up, from 1.2% in 2016. This increase in total spend online represents an increase of 22% year-on-year since 2016, or an extra R8 billion.