Starbucks, Burger King, Walmart… It’s only the beginning

The surge of big, multi-national brands (such as Walmart, H&M, Zara, Burger King and Starbucks) entering our local market is challenging South African retailers.

The Money Show’s Bruce Whitfield interviewed Guy Lundy, Partner at Odgers Berndtson Sub-Saharan Africa.

Scroll down for quotes from the audio below.

It’s definitely good for consumers!

Guy Lundy

Brand power is one of the biggest challenges that local companies face from these foreign companies.

Guy Lundy

Foreign companies may end up paying more for local talent as it’s becoming increasingly difficult to bring skills in from abroad.

Guy Lundy

This brings in new ideas and ways of doing this. It could be good for our retail sector.

Guy Lundy

This is, ultimately, good for the “skills pool” in South Africa.

Guy Lundy

If local retailers don’t recognise the challenge, they’re definitely going to be under threat.

Guy Lundy

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This article first appeared on 702 : Starbucks, Burger King, Walmart… It’s only the beginning


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