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– Raymond Ackerman (former chairman of PnP)
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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.
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.
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.
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