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?
Our team at Career Excel Academy would like to share this informative 3-page report written by Dr Dirk A Prinsloo from Urban Studies.
“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.