The evolution of the global retail industry

Retail sales rose just over 1% year-on-year in August and is down nearly 1% on a month-on-month basis. The largest annual growth rates were recorded for sales in household furniture, appliances and equipment.

The release of the data coincides with the 23rd South African Council of Shopping Centre's Annual Congress where its been suggested that shopping malls are falling out of favour as online shopping gains momentum.

Retail Futurist, Doug Stephens attended the event and spoke on 're-engineering Retail', he joined Business Day TV on the line for more...