Home / Knowledge / News / Apparel/Garments / Foreign retailers achieve healthy trade density in SA
Foreign retailers achieve healthy trade density in SA
26
Sep '12
International retailers, who have set up stores in South Africa, have experienced a healthy trade density in the country and are developing aggressive expansion plans to increase their businesses.
 
Healthy trade density refers to the turnover achieved per square metre of area.
 
Over the last couple of years, several global apparel retail brands have opened their outlets in South Africa, one of the new emerging markets, to beat the slow growth in established economies.
 
One such company is Cotton On, the Australian apparel brand, which has opened several stores in South Africa in the past one year. The company now plans to launch thirty more outlets with its brands ‘Factorie’ and ‘Typo’ by the year end.
 
Similarly, Spanish fashion house Zara, which already owns a store in Sandton City, has expanded by opening a new 1,500 square metre outlet in Cape Town.
 
Recently, Arcadia Group’s Topshop and Topman partnered with South Africa’s Edcon and House of Busby to open its stores early next year.
 
South Africa’s retail sector is an eclectic mixture of both traditional and modern retailing systems. Due to the rapid urbanisation and the rise of the modern consumers, the country has become a lucrative investment area for retailers worldwide.
 
Moreover, the availability of disposable income amongst middle class people has led to an increase in demand for better products and services.
 
Although the entry of foreign brands will ensure a wider choice for South African shoppers, it would also pose a threat to local retailers, who will be forced to either offer better products or reduce prices.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search