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Building a better future in retail

Feb 2nd 2012, 08:32

02 February 2012

Building a better future in retail

I was fortunate enough to attend the National Retail Federation show in New York in January and what an experience it was. The scale of the US retail sector is simply jaw dropping and watching 26 000 delegates register for the event is a graphic representation of that. Just over 21 million people are employed by retailers in the US and for that reason alone the industry enjoys a great deal of attention from key figures in the US economy. An economic environment where retailers prosper is an economy where jobs are created very quickly, in a South African context the mechanics may differ but the principal remains.

In South Africa, government plays a larger role in stimulating retail than one might expect, although inadvertently. Government grants have a direct impact on sales of low-end food items and I have no doubt that increases in government grants in recent years has made a significant impact on the bottom line of retailers such as, Shoprite. Investing in this segment of the market makes sense as the number of grant recipients is expected to grow from 14.9 million to 16.7 million by 2014. A very large portion of those grants will inevitably be spent on food, so while the state and tax payers will feel the burden, well positioned retailers will find reward.

Gainful employment and the prospect of a better future are fundamental to the quest for human dignity and in a society as fractured as ours we need more citizens with a feeling of self worth. Jobs are not just an economic imperative but a social one as well so employment is critical. A growing business employs people and a growing industry employs more people, so let’s all work towards making 2012 a year of growth to improve the lives of many.

Craig Ballantyne

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Recruitement Services
Strategy Recruitment Marketing
Strategy Recruitment Marketing is focused on providing tailor-made, alternative recruitment solutions that are based on out-the-box strategic and creative thinking, detailed processes, and keeping abreast of the latest recruitment practices and technology through understanding each client´s critical success factors, to produce impactful results cost-effectively.
Nicolene Di Bartolo
Leadership is action... not position! Business Leaders engage our services to identify individuals who will elevate their organisations to new heights. It is our mission to source exceptional talent in mid-to executive management levels across all job categories. We support these extraordinary individuals in furthering their careers

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