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Consumer spending trends and retail innovation

This week, Danette Breitenbach reports back on the launch of the South African Mastercard SpendingPulse Report, an early indicator of consumer spending trends. Among the key finding is that consumers are no longer buying goods; instead they are spending their hard-earned cash on experiences. Details in our top story today.

#InnovationMonth is in full swing! I interview the founders of Cape Town-based ethical fashion and lifestyle brand, The Joinery, on how they're helping to cement South Africa's spot on the slow fashion map. Meanwhile Ruth Cooper chats to the founder of Now Showing, a new constantly evolving boutique store and events space promising a unique consumer experience.

I also bring you some of the highlights of the sold-out #ClicksCurls event, an expo that celebrates the natural hair movement and is an expression of Clicks' increasing investment into ethic haircare.

In other not-to-miss news, Yuppiechef is set to open its first physical store, Toys 'R' Us files for bankruptcy in the US and Canada, and Pick n Pay sets the record straight regarding its reported Bitcoin payments.

To our South African readers, enjoy the shorter working week!

Lauren Hartzenberg
Retail Editor: Bizcommunity.com



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BizToday's top stories
Experiences are the new black
Experiences are the new black
[Danette Breitenbach] It is no longer chic to be chic and wealth is not displayed anymore. Consumers are no longer buying goods; instead they are spending on experiences... read

INNOVATION MONTH
#InnovationMonth: The Joinery's journey to create a sustainable future for fashion
The Joinery's journey to create a sustainable future for fashion

Lauren Hartzenberg

Cape Town-based ethical fashion and lifestyle brand, The Joinery, is trailblazing the local sustainable business scene... read
Read more
CSI
MyPlanet Rhino Fund supports variety of rhino conservation, education projects in 2017
MyPlanet Rhino Fund supports variety of rhino conservation, education projects in 2017
The MyPlanet Rhino Fund has become one of the biggest citizen-driven fundraising initiatives for rhino conservation raising more than R9.1m over the past six years... read
E-commerce
How will you speed through the digital trough of disillusionment?
How will you speed through the digital trough of disillusionment?

Ilse van den Berg

Peter Sondergaard, Gartner executive VP for research, addressed CIOs and senior IT executives in his keynote at the annual Gartner Symposium/ITxpo in Cape Town... read
Food & bev. services
Tavern licence boycott called
Tavern licence boycott called

Hendrick Mphande

Tavern owners across the Eastern Cape are being urged to boycott the renewal of their liquor licences following a whopping increase from R250 to R2,500... read
Research
Is SA's bottled water market pumping?
Is SA's bottled water market pumping?

Issued by Insight Survey

In supermarkets around the city, bottled water displays have become a common sighting and residents are clearly stocking up on water to prevent shortages. Will the ongoing drought help drive the bottled water industry in 2017 and beyond?.. read
Sales
QNET Board Adviser, David Sharma; Deputy Minister for Health, Community Development, Children and Elderly, Hamisi Kigwangalla; Permanent Secretary for Trade, Industry and Investment Adelhelm Meru and QNet Country Representative for Tanzania Benjamin Mariki cut the ribbon during the opening of QNet agent office in Tanzania.
QNet boosts direct selling operations in Tanzania
Asian direct selling company, QNet, is expanding its operations into East Africa. The company forms part of the $200 billion global direct selling industry... read
Shopfitting & Merchandising
Roving retail - The next evolution of shopping
Roving retail - The next evolution of shopping

Brandon Williams, Issued by Creative Shop

As retail rental rates continue to rise, more and more retail startups are approaching Creative Shop Retail Shopfitting to design and construct mobile retail kiosks... read
Business
Chivas Venture 2018 open for entries
Chivas Venture 2018 open for entries
Chivas Venture entails a global search for the next generation of business trailblazers that want to change the world for the better, with $1m up for grabs. The 2018 edition is now open for entries... read
Jobs offered
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Customer Service Excellence
Enterprises University of Pretoria - 16 Oct 2017 to 19 Oct 2017, Pretoria


Accredited Corporate Social Investment Course
Siyakhula Trust - 23 Oct 2017 to 25 Oct 2017, Randburg, Johannesburg


Customer journey mapping jam session
Brandlove - 27 Oct 2017, Cape Town


Upcoming events
Introduction to Interior Decorating Short Course
Vega School - 28 Sep 2017 to 1 Mar 2018, Pretoria | 7 Oct 2017 to 9 Dec 2017, Johannesburg


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