Commercial Guidebook | Real Estate Investor Magazine Commercial Handbook 2013 | Page 60

RETAIL TRENDS BY ANGIE REDMOND Technological Advances In Retail Trends Don’t be left behind A recent study by the South African Council of Shopping Centres (SACSC) shows that South Africans are increasingly latching onto technological advancements and that social media is playing a vital role to both retailers and consumers. One questions raised by the study was: “If only 18% of South Africans own a computer then how come one in three has access to the Internet? “The answer, is cellphones,” says Amanda Stops, CEO of the SACSC. “Some 84% of South Africans own a cellphone. That’s how more and more people are going online while on the move.” With the role of social media in everyday life increasing all the time, at least three quarters of Internet 58 Commercial Handbook 2013 astute South Africans use mo bile means to stay in touch with social media platforms like Facebook, LinkedIn, Twitter and Mixit. When the SACSC commissioned its detailed survey of 100 local shopping centres, it came up with some fascinating figures about how South Africa’s favourite hangouts are using South Africa’s favourite online pastime to engage with customers. For instance, an impressive 59% of social media users actively follow brands. In addition, 27% actually discovered unknown brands via social media. The retail centres and brands of today cannot afford to be left behind technologically. Shopping centres and retail stores need to harness this trend and use it to promote foot traffic, so who is winning the social media race when it comes to www.reimag.co.za