The rise of stores without stocks

Posted on March 17, 2020

When is a retail store not a retail store? Perhaps when it has no stock to sell to customers? The rise of ‘showrooming’ – the practice of visiting a brick-and-mortar shop in order to examine a product before buying it online, often at a lower price – means that the once-strange concept of stores without sales inventory is becoming increasingly common in certain countries. Certainly they have stock. But it’s limited and not actually for
In the past, pop-up stores were frequently about taking advantage of seasonal trends such as Halloween or Christmas. Product quality tended to be poor, the stores lacked appeal and, as a result, were often thought of as undesirable by shopping centre landlords. But the pop-up has evolved. They’re now regarded as more interesting and desirable because they are often incubator spaces for launching businesses, for established businesses experimenting with new ideas, or for foreign brands
Investec Property Fund [JSE: IPF] has approved plans to sell its shareholding in Musina Mall, Limpopo and Boitekong Mall, Rustenburg, for R727 million. According to the Fund, the disposals were in line with a strategy of recycling capital through disposals, and redeploying it into higher-performing European assets. Andrew Wooler, the joint CEO, said Investec needed to take advantage of opportunities its Europe-based team had found or it would miss out on double-digit returns. In November
Consumer spending is likely no longer the driving force behind of the outperformance of retail property over industrial property and office space, according to John Loos, property sector strategist at FNB Commercial Property Finance. The latest FNB Property Broker Survey shows the majority of respondents pointing to an average vacancy rate increase over the past six months in the retail property sector. These respondents are also least optimistic on retail property performance in the near

An ever-evolving retail property market

Posted on October 28, 2019

Competition in South Africa’s retail market is intense, with more than 25 million square metres of formal retail space currently, in excess of 2,000 existing shopping centres and close to three million square metres of formal retail space in the pipeline. “In the face of increased competition, shopping centre owners, developers, managers and retailers need to be alert to and agile in responding to the latest trends, consumer behaviour and technology in a fast-paced, ever