Business 168: Brick-and-mortar retail in the doldrums as shift to online accelerates

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 84%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The year 2020 pushed Shoprite Holdings’ Checkers, Woolworths and Pick n Pay to invest more in online shopping platforms. Spar is the laggard.

Woolworths group CEO Roy Bagattini offered shareholders and customers a frank mea culpa about the retailer’s online shopping offering that flopped during South Africa’s hard Covid-19 lockdown.

A Woolworths internal survey found that 14% of its customers in South Africa started shopping online for the first time during lockdown. But the company’s online shopping – mostly for food – was a nightmare for customers who avoided frequenting the retailer’s brick-and-mortar stores during the first wave of Covid-19 infections. They had to wait days for online orders to be delivered. The unlucky ones waited weeks for new delivery slots to open.

The biggest challenge for local retailers in getting online shopping right is investing in and growing their distribution network, which enables them to deliver to consumers, even in far-flung areas. To reduce pressures on its limited delivery capacity Woolworths launched an option for customers to order goods online and collect them at its 60 stores nationwide.

According to Shoprite CEO Pieter Engelbrecht, Sixty60 is the number-two shopping app in South Africa after Takealot. The app was popular during different levels of lockdown“Three years ago I was talking about the race for [physical retail] space [among retailers]. We are now talking about the race for reach these days, especially in the digital space. This is becoming more prevalent during Covid-19 – that is to capture the customer digitally.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Business 168: Business rescue stalked SA businesses in 2020Companies such as Comair, Edcon and Phumelela have emerged with restructured operations from business rescue proceedings. Meanwhile, SAA and SA Express are still troubled.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

BUSINESS MAVERICK 168: Collapse of business confidence: When there’s no honour among thievesSouth Africa is suffering from a crisis of confidence, which is also a crisis of trust. Until confidence is restored, the country will not attract investment, grow the economy or create jobs.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

BUSINESS MAVERICK 168: Partners, have that tricky, romantic chat about your financesIt’s hardly the most romantic thing to do on Valentine’s Day with your partner, but discussing your money situation as a couple could be the saving of your relationship. Think of it as bonding and building trust.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

BUSINESS MAVERICK 168: Driving in times of Covid lockdown: Uber, Bolt and the pivot to surviveThe Covid-19 rebound – when it comes – is expected to create some momentum for small companies. But in the meantime, the focus is on survival.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

BUSINESS MAVERICK 168: Wellbeing that makes ‘cents’A wellbeing economy is not a utopian ideal, it’s understanding the difference between how much you consume and how well you consume as a key to a healthier, happier life. Professor of political economy Lorenzo Fioramonti gets it.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »