Truworths plans major new distribution centre in Cape Town
Article published on BizCommunity. Truworths has signed a deal to build a new “world-class” Western Cape distribution centre in Cape Town’s King Air Industria, an Atterbury Property and Old Mutual Properties industrial development. The project is a joint venture between King Air Industria and Truworths Limited. Consolidating Truworths facilities Developed by Atterbury and tailor-made for […]
Retail and the metaverse: A new world of consumer connection
Article found on BizCommunity The metaverse could be a market worth $800bn by 2024, according to Bloomberg Intelligence. Although not a new concept and with a long road ahead, the word “metaverse” has been on everyone’s lips since Facebook rebranded itself as Meta and thus positioned itself as a major player in the new virtual […]
Nike buys NFT fashion and collectibles startup RTFKT
Article found on BizCommunity Sportswear giant Nike, Inc. has acquired RTFKT, a virtual sneaker and collectibles startup, for an undisclosed sum. Launched in 2020, RTFKT has gained popularity recently for making sneakers and collectibles for the metaverse. In a statement issued by Nike, RTFKT is described as “a leading brand that leverages cutting-edge innovation to […]
TFG to beef up local manufacturing
Article by Nqobile Dludla on BizCommunity Fashion retailer TFG wants to locally manufacture 30 million pieces of clothing a year within four years as it increasingly turns away from global supply chains, its CEO said after the company swung to a half-year headline profit. South African retailers, some of which are still heavily reliant […]
‘Made in Cape Town’ movement launched to bolster economic recovery
Article found on BizCommunity A number of key public, private and NPO stakeholders are joining forces to initiate a “Made in Cape Town” movement that will surface and celebrate products and services of a Cape Town origin. The announcement of Covid-19 Alert Level One earlier this month saw local businesses breathe a little easier as […]