With the value of online retail in South Africa topping R30bn in 2020 – and projections of R42bn in 2021 – retailers across the country are gearing up to accelerate their e-commerce and m-commerce efforts.
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As furniture and fashion retailers continue their recovery from the Covid-19 pandemic, and redouble their efforts to grow their customer base both online and in-store, credit will play an increasingly important role.
Point of sale (POS) technology in a modern enterprise solves a myriad of problems, from managing inventory to insights that improve customer experience and retention, as well as a host of other tools to support omnichannel retailing.
As businesses around the world accelerate their digital transformation strategies in the wake of the Covid-19 pandemic, specialist enterprise retail software developer redPanda Software has intensified its strategy to put people front and centre and is actively scouring the landscape looking for new talent.
Technology is turning running a business into a much simpler, streamlined affair. With so much data and tech at our fingertips, software developers are paying more attention to business process and creating software that can make these processes a lot easier for entrepreneurs to grasp and implement.
In the devastating wake of the global pandemic, companies across industries are grappling with the economic impact – and few more so than the embattled retail sector. Without a doubt, “making the numbers” is rare amid weaker revenue. This means there is inevitably a strong focus on cost containment, including IT spend, often resulting in the dilution or even abandonment of IT initiatives that are essential to retailers’ long-term competitiveness.
Despite the fact that South African business and consumer confidence is low, local retailers are faced with a significant opportunity to drive sales and become more operationally streamlined and efficient. This opportunity lies in technology and shifting to intelligent retail software and platforms that enable retailers to embrace digital offerings and drive innovation.
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