The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
South African retail sales for May rose 15.8 percent year-on-year, up 1.5 percent compared to April, Statistics South Africa said, according to a report from South African newspaper, The Daily Maverick.
This sliver of good news for the country’s retailers comes as the country is currently combatting the spread of the Covid-19 Delta variant with a strict lockdown, which includes restrictions on gatherings and curfews. Over the last week, retailers in South Africa have also been impacted by civil unrest after the imprisonment of former president Jacob Zuma.
A PricewaterhouseCoopers report estimates that the national GDP growth could be 0.4 percentage points lower this year than previously expected due to the disruption and an estimated 50,000 jobs could be at risk.
Further Reading: Malls Looted in South Africa Following Zuma’s Imprisonment
More than 200 shopping malls have been looted in the wake of protests that erupted in South Africa following the imprisonment of former president, Jacob Zuma.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.