NEWS
43
RETAIL SURVEY
Drill Bits (MAD)
A Cut Above The Rest!
// RETAILERS NEED
TO BE INNOVATIVE
AND INVEST IN NEW
MARKETS, PRODUCTS
AND TECHNOLOGIES
THAT WILL GIVE THEM
THE ADVANTAGE
OVER THEIR
COMPETITORS //
wood
business model faces significant
threats from a changing world.
According to Anton Hugo,
multi angle
Retail and Consumer Leader
Strengths
for PwC Africa, “Competition
remains fierce and focusing on
• Faster and more accurate
than spade bits
• Multi functional:
can make mortise holes;
drill holes, rebates and
counter sinks either straight
or any angle
• Ideal for installing mortise
locks and kitchen hinges.
cutting costs and organic growth
a tablet. For example, among
need to be innovative and weekly shoppers, more people
invest in new markets, products are shopping with their mobile
and technologies that will give than with a tablet, 11% to 9%.
them the advantage over their The purchase journey for many
competitors and allow them to consumers now includes the
connect with their customers.” mobile phone as a triple threat:
In the online space, new research tool, shopping device, and
entrants don’t require stores or payment method. According to the
warehouses; they can be based survey results, more than half of
around the corner or on the other South African respondents (56%)
side of the planet. And pure-play say they had paid for purchases
online layers are popping up in using their mobile/smartphone;
every product category. 57% had ‘researched products’,
Hard
MDF
and 52% had ‘compared’ prices
to stay ahead of the competition. shoppers at 16%, the gap is clearly
The result is 10 investments that closing and PwC anticipates that in
retailers can consider to keep their a couple of short years the mobile
business relevant. These include device will become the preferred
investing in: method of online shopping.
MOBILE WEBSITES INVEST IN TALENT
A higher percentage of PwC’s The physical store isn’t in danger
global respondents say they of disappearing any time soon.
are shopping more frequently At the same time, the digital
with their smartphone than with experience is important to
BLUE
FOR METALS
metal
titanium
6.0mm
Ideal for:
Hard
met als
alSo for:
Hard
woods
YELLOW GREEN
FOR WOOD
metal wood
hss black multi angle
6.0mm
Ideal for:
Soft
metals
alSo for:
Plastics
all types
of wood
& timber
16.0mm
Ideal for
Soft
Woods
Hard
Woods
Mdf
Chipboard
FOR MASONRY
& CONCRETE
wood wall wall
6.0mm 6.0mm
wood bit
6.0mm
Ideal for
Soft
Woods
Hard
Woods
Mdf
Chipboard
masonry
Ideal for
Brick
Wall
Masonry
is still slight ahead with weekly
with competitors. While the PC
explore how retailers can invest several new areas of research to
In this year’s study, PwC added
Soft
alone is not enough. Retailers
tile
ORANGE
FOR SCREW
DRIVING BITS
bits
bits
sQuare magnetic bit
holder
no:2x50mm stainless
steel
54mm Q:1
Ideal for
Tile
Glass
4987 Eureka DIY MAD BIT Gladiatr 1/2 pg APR’17 ad
DIY & INDUSTRIAL TRADE NEWS APRIL 2017