Warning to shopping centers in South Africa as retail sales fall

Retail trade trade sales fell 2.5% year-on-year in June, mainly dragged down by general retailers, new data from StatsSA showed on Wednesday (17 August). Negative annual growth rates were recorded for: Hardware, paint and glass retailers (-8.6%); general retailers (-5.7%); and Retailers within pharmaceuticals and medical goods, cosmetics and toiletries (-4.3%). The biggest negative contributors …

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