Corporate news
-
Uchumi looks to franchising for salvation
We previously covered the woes of Nakumatt – http://www.sagaciresearch.com/sagaretail-news-nakumatt-0618/ but it is not the only Kenyan retailer experiencing financial difficulties at the moment. Like Nakumatt, Uchumi has a large debt (USD43 million), closed numerous branches (24 out of 40, as of July 2018) and exited the Tanzanian and Ugandan markets. Moreover, its employees are owed
2nd August 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - Kenya
-
Struggle for control of Choppies in Zimbabwe
Namibia-based Choppies recently opened its 33rd store in Zimbabwe, but this has been overshadowed by the ongoing struggle for control of the retailer´s local operations. On paper, Choppies´ Zimbabwean operation is 51% owned by Nanavac Investments (which is controlled by former Zimbabwean vice-president Phelekezela Mphoko’s family) and 49% by Choppies Enterprises Limited. But Choppies CEO
2nd August 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - Zimbabwe
-
Yum! Brands expands its restaurant chains in Africa
KFC has arrived in Côte d’Ivoire, opening its first outlet in Abidjan during April. Meanwhile, another subsidiary of Yum! Brands, Pizza Hut, has entered the Tanzanian market, opening a restaurant in Dar Es Salaam. But not everyone is happy about the spread of fast food in Africa. Speaking to the New York Times newspaper in November
27th June 2018
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Ghana - Corporate news - Cote d'Ivoire - Tanzania - Ivory Coast
-
Consultant puts the boot into South African supermarkets
Frans van der Colff, formerly of Shoprite and Food Lover’s Market and now an independent consultant, has accused South African grocery retailers of not paying enough attention to the needs of lower-income consumers. Speaking at a conference called “Seamless Africa” that was held in Cape Town during March, he claimed “They buy in smaller quantities,
27th June 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Corporate news - South Africa
-
Cash and Carry comes to Cameroon
French retail giant Groupe Casino continues to steadily expand its presence in sub-Saharan Africa. In March, the company launched its Bao Cash & Carry brand in Cameroon, with a 7,500-square-meter outlet in Bassa, an industrial suburb of the capital Douala. The warehouse-style setting, replete with pallet-laden floor-to-ceiling shelving (reminiscent of IKEA), is a format with which
27th June 2018
Categories: SagaRetail News - Retail & Shopping Malls - Sagaci Insigths - Corporate news
-
Decathlon set for a free run in Kenya but faces stiff competition in West Africa
Utilising franchisees, French sportswear and equipment retailer Decathlon is rapidly expanding its store footprint in sub-Saharan Africa. Having entered the Ivorian market in 2016, it opened its first stores in South Africa, Ghana and Tunisia during 2017. In April 2018, it arrived in Egypt and is set to come to Kenya within months. Speaking to
26th June 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - Kenya
-
Nakumatt’s vanishing trick
Now that a proposed merger with rival Tuskys has fallen through, beleaguered Kenyan supermarket chain Nakumatt appears doomed. Having entered voluntary administration in January, 14 landlords recently moved to evict the retailer from their premises due to mounting rent arrears. This has left Nakumatt with less than ten outlets (down from a peak of more than
26th June 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - Kenya
-
Massmart attributes sales dip to struggling South African consumers
Walmart subsidiary Massmart reports that its like-for-like sales declined at an annual rate of 0.5% during the first 19 weeks of the 2018 financial year. According to the company, “There is little sign currently of any economic recovery amongst our lower and middle income consumers.” The bulk of the company´s stores are located in South
26th June 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - South Africa
-
The Sagaci Omnibus surveys reach Ethiopia and Senegal in March, and Ivory Coast, Cameroon and DR Congo in April
Having expanded our coverage to include 13 different countries in Africa, we continue to run the Sagaci Omnibus with great success. Our next waves of Omnibus surveys feature: March 2nd: Ethiopia and Senegal April 13th: Ivory Coast, Cameroon and DR Congo The Sagaci Omnibus is a fast and cost-effective way to reach consumers in a number of
22nd March 2018
Categories: Corporate news - Cameroon - Cote d'Ivoire - DR Congo - Ethiopia - Senegal
-
Featured project: Local advertising monitoring for consumer goods brands
Sagaci Research recently completed a short project for a leading consumer goods brand, monitoring key messages in competitors’ advertising campaigns, as part of their strategy to roll out a multi-channel campaign across four different countries in Africa. In less than one week between the initial client brief and the report delivery, our local teams captured comprehensive
22nd March 2018
Categories: Corporate news
- 1
- 2