Tag: store

CNA pins hopes on 2021 BTS

According to a recent BusinessLive article, CEO of CNA, Benjamin Trisk, “only expects a recovery for the stationery business when back-to-school shopping starts in 2021”.

Edcon bought CNA for R141-million in 2002; it sold it for R1 to Astoria Investments in February.

Due to the Covid-19 pandemic and the five-week nationwide lockdown, consumer spend is under pressure on the back of a weak economy and a rise in retrenchments.

Growing digital platforms are selling competing products, often at better prices.

Trisk believes an improvement in CNA sales would come when consumers returned to shops. Foot traffic at the larger malls remains down, though some mall owners say while shopping fewer times a month, customers are buying more each time.

Trisk has reiterated his plans to revive CNA by:

  • Improving the retailer’s book selection and adding more local African literature and books in local languages
  • Improving the signage, curation and display in-store
  • Cutting CNA product lines
  • Removing chocolates, snacks, and tech products including laptops, cellphones and chargers

By Jamie McKane for MyBroadband

Takealot has confirmed that it will open a new customer centre in Johannesburg.

This follows a report by TechCentral that the online retailer was considering opening a new facility on the N1 highway in Midrand, situated on the New Road bridge.

A distribution centre at this location would cater to customers in both Johannesburg and Pretoria, it stated.

Takealot has an existing customer centre in Cape Town for customer collections, but only a distribution centre in Johannesburg – where customers cannot pick up orders.

Takealot’s plans
Speaking in an interview with MyBroadband, Takealot CEO Kim Reid confirmed they will open a new customer centre in Johannesburg where buyers can pick up purchases.

He said that Takealot will announce more information about the customer centre in 2019.

“We are busy with that, and will be able to provide more details next year,” said Reid.

He added that customers can also expect to benefit from Superbalist’s Click + Collect locations in the near future.

“What people can expect next year, is that we have rolled out 23 Click + Collect points for Superbalist and we will make those live [for Takealot deliveries],” Reid said.

Amazon.com said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains.

Amazon Go, the online shopping company’s new 1,800-square-foot (167-square-meter) store, uses sensors to detect what items shoppers have picked off the shelves and sends a bill to their Amazon accounts if they do not replace them.

The store marks Amazon’s latest push into groceries, one of the biggest retail categories it has yet to master. The company currently delivers produce and groceries to homes through its AmazonFresh service.

“It’s a great recognition that their e-commerce model doesn’t work for every product,” says analyst Jan Dawson of Jackdaw Research, noting that physical stores would complement AmazonFresh.

“If there were hundreds of these stores around the country, it would be a huge threat” to supermarket chains, he says.

The S&P 1500 food retail index, which includes Kroger Co, Whole Foods Market Inc and other companies, was down 0.5 percent at the close. Shares of Amazon closed up about 2.6 percent.

Amazon Go is available now for employees of the company and is expected to be open to the public early next year, Amazon says.

If tests are successful, Amazon plans to open more than 2,000 grocery stores, the Wall Street Journal reported on Monday, citing sources. The company is considering other store formats, including one that would let drivers pick up goods at the curbside, the report says.

Amazon declined to comment on the report.

“The checkout lines are always the most inefficient parts of the store experience,” says Neil Saunders, managing director of retail research firm Conlumino. “Not only would you save a lot on labor costs, you actually would make the process much quicker for consumers and much more satisfying.”

Still, the grab-and-go experience would take getting used to, he says.

Some people may “feel like they stole” an item, Saunders says.

Apart from groceries such as bread and milk, the store also offers ready-to-eat meals made fresh by on-site chefs and local kitchens and bakeries, Amazon says.

That would make Amazon Go a potential competitor to fast-casual dining chains like Chipotle Mexican Grill Inc as well.

Amazon Go is not the first physical store for the e-commerce company to open.

It has a book store in Seattle, as well as pop-ups at malls where it displays Amazon devices such as the Kindle.

Source: www.businesslive.co.za

Paper Clip, a leading sub-continent store that houses over 70 brands of international and local stationery, has taken residency in the provincial capital of Lahore, Pakistan, with an aims to revolutionise the industry through its innovative services, state-of-the art facilities and commitment to promote the standard of education in the country.

The brands housed at Paper Clip, which is a brainchild of Hasnain Ali and Dr Badar Tauqeer of HY School Store, include, but are not limited to, Moleskine, Staedtler, Parker Pens, Stickoo, Shah Sons, and Picasso. Gift wrapping services, school textbooks and uniforms are also part of services provided at Paper Clip.

Talking exclusively with Daily Times, Hasnain Ali said the response generated by Paper Clip so far has been overwhelming, which goes on to show the interest of general public towards stationery and education.

“We plan to cater to all stationery needs, be it for office, school, or personal requirements and we are very excited to start this new venture amid friends and family,” he adds.

Paper Clip was designed keeping in mind all the stationery requirements of an individual, says Paper Clip co-founder Dr Badar Tauqeer.

“Our goal this year will be to further establish the brand by providing state-of-the-art facilities, enhancing the number of products we house, and keep on innovating in line the needs of the market,” he added while elaborating the future plans of his company.

Dr Tauqeer was of the view that social media has been of great help as far as marketing of his company was concerned, adding that most of the clients visited the store after experiencing the products on social media.

He says the idea behind establishing the store was to provide an opportunity to the public to enjoy the experience of buying stationary, adding that besides offering all facilities and services related to education and stationary under one roof, the main focus was to promote the culture of quality education in the society.

Both Hasnain Ali and Badar Tauqeer had to face a lot of challenges during their journey towards venturing into an industry that was not tapped before. Most of the people demoralised them but they stood fast to their ground and with a mission to revolutionise the industry, established a one-of-its-kind stationery store that offers services to all segments of the society.

The culture of entrepreneurship is fast changing in Pakistan, Hasnain Ali said, adding that graduates from renowned universities these days are not shy in doing something that they think is below their “status”, which is a great sign for the future of the country; they remain confident of achieving their goals and innovative enough to penetrate into the market.

“Pakistan is blessed with talent but the opportunities and extremely limited, especially for the masses where the real talent lies. Limited exposure to opportunities in the past had restricted the budding minds, compelling them to choose safer options rather than experimentations. We, through our store, collaborate with such talented people and help them display their work as well.

“Most of the locally manufactured stationary items are unique, different yet contemporary, much to the amusement of our customers. It is very important to identify and utilise the talent of our young minds to not only promote the culture of entrepreneurship, but also to streamline the ethics of doing business in the country,” he adds.

Dr Badar Tauqeer was of the view that focusing on small businesses is the way forward for young and aspiring entrepreneurs. He advised young businessmen that sticking to one business in this modern day and age is a big ‘no no’, adding that different ideas and constant innovation is prerequisite for success of any business.

Pricing, Hasnain Ali says, is also an important aspect that is kept in constant check at Paper Clip, adding that he dislikes the idea of being unnecessarily expensive, as reasonable and efficient pricing policy makes the product more marketable. “We have devised a strategy to try and cater to the educational needs of the downtrodden segment of the society. Old books that are returned to us are given to the children who cannot afford to buy them.”

Paper Clip, which is a two-storey store occupying an approximate area of 186 square metres, has been designed with faultless finish of woodwork, cosy interior, and simplified parametric design of the ceiling so that the customers always feel at home and welcome.

The interior is different in respect of lighting, structure, colour and placement of furniture. The window installations of the store are beautiful to look at from outside since they have been made from newsprints offering the theme of the month. The design has been taken a step further by creating a special place for children with a vibrant layout on the second floor.

By Zaman Khan for www.dailytimes.com.pk

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