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Ecommerce

Covid-19 is shoving retail and consumers [Video]

Along with the pandemic, the future of the consumer goods sector has arrived with a bang.


RELATED: South Africans are still spending, though differently – and increasingly online


It took a pandemic, but consumers in South Africa have adopted online shopping – a change that is likely to be permanent.

“At the beginning of our last financial year, e-commerce was 1% of our turnover,” says Anthony Thunstrӧm, CEO at The Foschini Group (TFG). “By the end of the year, it was 2% – a 100% growth rate. We’re currently running at between 5% and 6%. It moved us forward by about three years.”

“I don’t see online sales going back,” says Bongiwe Ntuli, Chief Financial Officer at TFG. “I see it escalating further.”

Stores are ending up as showrooms

Despite the shift online, and the likely permanence of the trend, TFG still intends to expand the number of physical stores from which it operates.

TFG has thousands …

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Ecommerce

UPS Slaps Shipping Limits on Gap, Nike to Manage E-Commerce Surge [Video]

The delivery giant recently imposed volume restrictions on Gap, Nike and some other large retailers, as the pandemic-driven surge in online shopping puts pressure on its capacity.

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Ecommerce

https://youtu.be/QvBWu9jVX8M In this footage, hens advance upon an Amazon driver, who makes a fast exit. The hens pursue him to the driveway, then stand guard lest he return.

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Ecommerce

ASB MAGAZINE: Two-time world champion surferJohn John Florence, in partnership with Clif Bar, has released a new documentary film Tokyo Rising, through Amazon Prime Video.Tokyo Risingchronicles Florences 2019 professional surfing season and quest to earn a position on the inaugural Team USA Olympic surf team. With Kelly Slater on his heels, Florence is faced with a high-stakes decision five months after reconstructive surgery on his ACL. The battle for Olympic qualification comes down to the Pipe Masters on Oahus North Shore.