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

Pic: Shutterstock

Textiles | On 6th May 2021

China indefinitely suspends economic dialogue with Australia

The National Development and Reform Commission (NDRC) of China has...

Pic: Shutterstock

Retail | On 6th May 2021

Ireland announces new €5 million COVID-19 Online Retail Scheme

Ireland has launched a new round of the COVID-19 Online Retail Scheme ...

Pic: Shutterstock

Textiles | On 6th May 2021

Cotlook A index expected to drop by 6.18% by June: TexPro

The Cotlook A index is expected to decline by 6.18 per cent in June...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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

Leave your Comments


April 2021

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


Advanced Search