This year’s Black Friday event, which has become a major highlight on the SA calendar, is expected to bring in higher sales volumes than last year.
Many retailers that were hard-hit by decreased consumer spend in 2020 have started offering their specials ahead of schedule, giving consumers more time to exercise their spend.
This is according to Nelisa Zulu, head of card and payments at Standard Bank SA.
Though lockdown restrictions have eased, consumers are still wary of large crowds and many people have now become more comfortable with online shopping, said Zulu, resulting in phenomenal growth for e-commerce.
Data from the Online Retail in SA 2021 study conducted by World Wide Worx with the support of Mastercard, Standard Bank and Platinum Seed showed that in 2018, online stores sold about R14bn worth of goods, representing 1.4% of the total retail market, growing to more than R30bn in 2020.
Pre-pandemic, travel contributed by far the most to credit card spend online, however since online travel spend dropped off, grocery stores picked up some of the slack and this resulted in flat growth, said Zulu.
Top 3 hot items tipped for Black Friday sales, plus how to stay safe
Image: Thapelo Morebudi/The Sunday Times.
This year’s Black Friday event, which has become a major highlight on the SA calendar, is expected to bring in higher sales volumes than last year.
Many retailers that were hard-hit by decreased consumer spend in 2020 have started offering their specials ahead of schedule, giving consumers more time to exercise their spend.
This is according to Nelisa Zulu, head of card and payments at Standard Bank SA.
Though lockdown restrictions have eased, consumers are still wary of large crowds and many people have now become more comfortable with online shopping, said Zulu, resulting in phenomenal growth for e-commerce.
Data from the Online Retail in SA 2021 study conducted by World Wide Worx with the support of Mastercard, Standard Bank and Platinum Seed showed that in 2018, online stores sold about R14bn worth of goods, representing 1.4% of the total retail market, growing to more than R30bn in 2020.
Pre-pandemic, travel contributed by far the most to credit card spend online, however since online travel spend dropped off, grocery stores picked up some of the slack and this resulted in flat growth, said Zulu.
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The bank’s online card transaction data shows that grocery stores and general retailers remain the top category for online spend with accommodation making a comeback this year and accounting for 36% of online transactions. Restaurant spend is also up significantly (250%) year to date.
Where are consumers likely to spend this year?
Top considerations for shoppers going into this year’s Black Friday:
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Stay safe when going to the malls this Black Friday
Shopping centres and malls are expected to become extremely busy over the next few days and weeks, as retailers lure customers with Black Friday and other festive season shopping deals and specials, said the Fidelity Services Group.
“As we approach this busy retail period, we must remember that the risk of robberies or other unscrupulous activity increases. Criminal elements are attracted to large gatherings of this kind, and knowing what to do in the event of a mall robbery could save your life,” Charnel Hattingh, its head of marketing and communications, said.
Hattingh offered this advice:
If you are in the store that is being robbed:
If you are not in the store being robbed:
Hattingh also recommends that people pay attention to the journey to and from the mall. “Be on the lookout for anyone that might be following you. If anything feels suspicious, rather continue driving and try to get to a police station or anyone else that could assist.”
TimesLIVE
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