Consumer Spending Cut Weighs on South African Retailers...
International News
March 20, 2024
Consumer analyst Simon Brown and Pieter Engelbrecht, CEO of Shoprite Group, highlight the impact of reduced consumer spending on South African retailers. With economic challenges affecting disposable income, consumers are tightening their budgets, leading to decreased sales for retail businesses. This trend underscores the importance of adapting retail strategies to navigate changing consumer behaviour and economic conditions.