Tight cash flow management increases retail’s competitive edge
Cash flow is the lifeblood of any business and that includes retailers. But in this sector, cash flow management is especially challenging because retailers are dealing with razor-thin margins, seasonal fluctuations, volatile prices, inventory management, aggressive...
The power of the scaffolding software development approach in retail
In recent years, many South African retailers have come to rely on no-code and low-code solutions which ostensibly simplifies the software development process. While the appeal is undeniable, these methods often trap businesses in a web of unoptimised code, vendor...
Three trends enabling digital transformation in retail
The retail industry has undergone significant changes in recent years, witnessing intense digital transformation events that have resulted in in an e-commerce renaissance in South Africa. Look at Zara for example. Its new store in Sandton City allows customers to save...
Embedded payments drive better online retail customer experiences?
With South Africa's online retail space now worth more than R50-billion and growing continuously, the sector is only going to become more competitive. That's true for online retailers of all sizes too. By Joel Bronkowski, country lead: South Africa at Paystack At the...
Tips to help you survive Black Friday
Black Friday is quite possibly the most drama-filled time of the year, in-store that is. There was the woman who used her pants as a shopping trolley, and the individual who called the police over a sold-out TV #sorrywhat? It's a bit like a weird movie in an...
Revolutionise retail efficiency with cloud
Technology has become not just a tool, but a catalyst for transformation to bring greater efficiencies as well as improve the customer experience. Central to this is the cloud that brings with it the combination of advanced technologies, edge solutions, and the...
Retailers embrace fintech to supercharge cash management
The fundamental principles around cash management in retail haven't changed much over the years. Retailers of all shapes and sizes need to securely manage and process cash, card and electronic payments flowing into their business, manage working capital in an...
Don’t expect brand loyalty in today’s retail environment
Spurred on by unpredictable market trends, changing customer behaviours, and the rise of e-commerce, businesses are having to redefine their operations. One industry in particular feeling the weight of this change is retail. Research from the PWC Global Consumer...
VALR Pay now available at Pick n Pay tills
VALR has partnered with CryptoConvert to make VALR payments available at all Pick n Pay tills throughout South Africa. This means all VALR customers will be able to use VALR Pay to spend Bitcoin for the purchase of goods and services at Pick n Pay, using the VALR...
Smart store paves the way for 21st century supermarkets
As the world's population continues on its course to reach 10-billion people by 2050, investments in sustainable food retail and storage are urgently needed to ensure we are able to feed the growing number of people on the planet. The pressure is growing, both on...
Advanced analytics deliver multiple benefits to retailers
South African retail is a competitive space, with tight margins, customers demanding great prices and more personalised offerings, and consumer spending under significant pressure. Big data analytics can be an invaluable tool for retailers seeking a competitive...
Frictionless payment experience creates merchant success
In the world of business, especially within the e-commerce sphere, the adage 'the customer is king' has never rung truer. By Wesley Fetter, product manager at Ecentric Payment Systems Today's rapidly evolving digital landscape requires businesses to provide...