e-spaces

Department store retailer Stuttafords is reinventing its stores and analysts believe there is a gap in the market for such luxury stores. The firm has spent over R20 million on renovating its Sandton store and plans to refurbish nine stores over three years. It will relocate smaller stores to prominent regional malls while reducing national stores from 18 to 13. Nedcor Securities analyst Syd Vianello believes its competition is virtually non-existent. – Florence de Vries