In a new webinar by Africascope, geospatial specialist Craig Schwabe explores several issues associated with the retail sector in South Africa, including declining profits and revenue, cannibalisation and negative revenue growth of outlets.
A key reason for this decline in profits and revenue over several years he attributes to the industry’s continued use of site feasibility and profiling when opening new outlets.
“The sustaining of the retail network requires the use of geospatial methods and scientific approaches. This includes the use of data frameworks to define all the information needed to develop retail networks. It is emphasized that there is a need to consider theoretical frameworks that describe how retail networks develop,” Schwabe notes
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