Recently Released Market Study: Retailing in South Africa
Despite the rising cost of living, retailing saw 10% current value growth in 2013, thanks to price competition and aggressive marketing campaigns from retailers. The disparity between disposable incomes led retailers to change their pricing strategy to increase their consumer base. Inflation was driven by price increases on fuel and electricity, leading low-income and some middle-income consumers to cut their spending, with some resorting to unsecured lending to purchase goods. Retailing was...
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