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Black Friday 2018 South Africa – what you need to know from a retail boss

Posted by Mike Booyens on

There is often skepticism from South African shoppers about the real value one can get from deals on Black Friday. Are discounts as ‘enormous’ as local stores and online retailers say they are? Karl Hammerschmidt, CEO of e-retailer RunwaySale provides some perspective on what its like on the other side of the biggest shopping day of the year. RunwaySale claims to be the largest privately held online fashion retailer in the country. “Stats SA recently announced that retail sales rose by 2.5% in August,” said Hammerschmidt. “Although this is not a huge increase it is higher than economists predicted. Hopefully...

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