South African retail sector continues to feel the pinch as consumer confidence suffers
04 August 2017
South African retailers across the board continue to experience a tough local trading environment, affected by both a low growth macroeconomic environment and low consumer confidence. The challenging trading environment has led to a more intense fight to win market share, while keeping costs under control and the reality of this challenging environment is reflected in the recent decision made by one of South Africa's oldest retailers, Stuttafords, to close its doors.