{"id":8229,"date":"2021-04-12T17:37:33","date_gmt":"2021-04-12T17:37:33","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=8229"},"modified":"2021-04-12T16:43:47","modified_gmt":"2021-04-12T16:43:47","slug":"five-retail-categories-that-will-lead-the-sectors-recovery-in-2021","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021","title":{"rendered":"Five retail categories that will lead the sector\u2019s recovery in 2021"},"content":{"rendered":"

Africa-Press<\/a> – South-Africa<\/a>. <\/strong><\/span>StatsSA\u2019s latest figures show retail trade falling 3.5 percent year-on-year from 2019 to 2020, continuing a 10-month downward spiral.<\/p>\n

However, South African retailers are starting to show signs of adapting to the needs of the changing market.<\/p>\n

Dov Girnun, chief executive of Merchant Capital, said that although the sector has yet to recover from a combination of the country\u2019s Covid-19 measures and reduced consumer spending power, the company\u2019s collection data suggests the early signs of recovery in several key categories.<\/p>\n

\u201cWe\u2019re starting to see South Africa\u2019s retail sector adapting to the reality of new customer preferences, lifestyle changes, the impacts of Covid-19 and technological developments. We believe the retail sector is on the mend, and will see greater recovery throughout 2021,\u201d Girnun said.<\/p>\n

Figures from Merchant Capital show five categories that could drive the retail sector\u2019s recovery this year<\/p>\n

Fuel<\/b><\/p>\n

The fuel industry has seen significant changes in fuel consumption with more people working from home. But fuel retailers have found new ways of attracting revenue, including offering pharmacy goods, wi-fi access and electric vehicle charge stations at their forecourts.<\/p>\n

\u201cFuel retailers are also using technology to innovate: Refuel is an app-based mobile business which brings fuel to you, for example,\u201d Girnun said.<\/p>\n

Hair and beauty<\/b><\/p>\n

StatsSA\u2019s figures showed pharmaceuticals, medical goods, cosmetics and toiletries reporting a 3.3 percent year-on-year increase in December.<\/p>\n

Girnun said the focus of the industry has been redirected to self-care and wellness, resulting in a spike in these purchases. The hair and beauty industry is also embracing technology to offer experiences such as online masterclasses.<\/p>\n

Automotive<\/b><\/p>\n

Businesses that help car owners maintain their assets are booming. One example of this is the recent surge in the number of car wash franchises.<\/p>\n

Clothing retail<\/b><\/p>\n

The online retail industry grew by 40 percent during the Covid-19 lockdowns. \u201cAs a result, clothing retailers have moved their focus online, in addition to their brick-and-mortar stores,\u201d said Girnun.<\/p>\n

Building and hardware<\/b><\/p>\n

Hardware, paint and glass grew by 8 percent year-on-year in December, with home-bound consumers spending more on home improvement through DIY and household goods.<\/p>\n

What has their recovery looked like?<\/b><\/p>\n

Merchant Capital\u2019s merchants work on a \u2018repay as you trade\u2019 system, where loan repayments are collected as a percentage of each transaction. The data below indicates levels of collections across the five industries through each stage of the lockdown. This clearly shows the implications of reduced turnover, as well as the impact of payment holidays and lockdown relaxations.<\/p>\n

BUSINESS REPORT ONLINE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. StatsSA\u2019s latest figures show retail trade falling 3.5 percent year-on-year from 2019 to 2020, continuing a 10-month downward spiral. However, South African retailers are starting to show signs of adapting to the needs of the changing market. Dov Girnun, chief executive of Merchant Capital, said that although the sector has yet to […]<\/p>\n","protected":false},"author":84,"featured_media":8228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-8229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nFive retail categories that will lead the sector\u2019s recovery in 2021 - South Africa<\/title>\n<meta name=\"description\" content=\"StatsSA\u2019s latest figures show retail trade falling 3.5 percent year-on-year from 2019 to 2020, continuing a 10-month dow ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five retail categories that will lead the sector\u2019s recovery in 2021\" \/>\n<meta property=\"og:description\" content=\"StatsSA\u2019s latest figures show retail trade falling 3.5 percent year-on-year from 2019 to 2020, continuing a 10-month dow ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T17:37:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/04\/img-607478a5f41a6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Five retail categories that will lead the sector\u2019s recovery in 2021\",\"datePublished\":\"2021-04-12T17:37:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021\"},\"wordCount\":427,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/04\/img-607478a5f41a6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/five-retail-categories-that-will-lead-the-sectors-recovery-in-2021\",\"name\":\"Five retail categories that will lead the sector\u2019s recovery in 2021 - 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