Retail
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Shoprite closes Nairobi supermarket, as Covid-19 restrictions hammer mall foot traffic
South African retailer Shoprite has closed a supermarket in Nairobi’s Waterfront mall due to a significant decrease in foot traffic arising from the Covid-19 outbreak, which has seen a dusk-to-dawn curfew imposed in Kenya. Shoprite entered the Kenyan market in December 2018, and the closure of its Waterfront store leaves it with three outlets in
21st April 2020
Categories: SagaRetail News - Retail - Shoprite - Retail & Shopping Malls - Angola - Kenya - Nigeria
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Jumia sees surge in demand due to Covid-19 but grapples with logistical issues
According to pan-African internet retailer Jumia, Covid-19 has led to a surge in demand, particularly for FMCG, while also posing supply-chain challenges. It also revealed that its two co-founders and co-CEOs, Jeremy Hodara and Sacha Poignonnec, have taken a temporary 25% pay cut for the duration of the crisis. In a letter to shareholders, Jumia
20th April 2020
Categories: Foodservice - SagaRetail News - Retail - Supermarkets - Consumer - Sagaci Insights
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Update: Covid-19 restrictions tighten their grip on many African economies
The latest Google Community Mobility Reports show that Covid-19 restrictions on movement caused increased disruption in many African countries during the two-week period between March 29 and April 11.This is unsurprising, as significant restrictions on many day-to-day activities have come into force in countries ranging from Kenya to Nigeria over recent weeks. In 18 out
20th April 2020
Categories: Foodservice - SagaRetail News - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Sagaci Insights
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Covid-19 restrictions wreak havoc on African economies
Google Community Mobility Reports provide valuable insight into the impact of the Covid-19 pandemic on everyday life in 27 African countries. These data show trends in movement over time across different categories of places, such as retail and recreation, groceries and pharmacies, and workplaces. They were collected during late March 2020 and compared with the
7th April 2020
Categories: Foodservice - SagaRetail News - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Sagaci Insights
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Six ways in which Covid-19 will impact consumer behaviour in Africa
While the number of diagnosed cases of Covid-19 in Africa, particularly sub-Saharan Africa (SSA), remains relatively low, this figure will inevitably increase. Moreover, the current number of reported cases may be a significant under-representation of the true spread of the disease on the continent. On a more positive note, there is some evidence to suggest
31st March 2020
Categories: Foodservice - Blog - Retail - Africa - Supermarket - Consumer - Retail & Shopping Malls - Sagaci Insights - Telecom - Financial Services - Pharmaceuticals
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Swarovski brings mass-luxury to Nigeria
Swarovski, a manufacturer of jewellery and decorative items crafted from crystal glass, has opened its first Nigerian store in Lagos’ Ikeja City Mall. Based in Austria, Swarovski is a fifth-generation family business with approximately 3,000 stores across 170 countries. This will be its second outlet in sub-Saharan Africa (SSA), as it already has a store
2nd March 2020
Categories: SagaRetail News - Retail - Nigeria
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Redundancies at Tuskys sound the alarm on Kenyan chain’s financial health
Website Standard Digital reports that Tuskys is to lay off “dozens” of workers during March. Tuskys is the largest retailer in East Africa, with 68 supermarkets in Kenya and Uganda, in addition to around 20 Mavazi apparel stores. “This is a business move aimed at restoring the company’s financial viability … The company’s performance in
21st February 2020
Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda
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Professional advice, specialised stores, and social media at the heart of Kenya’s burgeoning cosmetics market
Young urbanites from middle- and high-income households to the fore A Sagaci Research survey conducted during 2019 with 800 women across urban and rural locations found that 22% of Kenyan women had used makeup/colour cosmetics during the four weeks prior to survey. Levels of makeup use were found to be comparable to those of fragrances
4th February 2020
Categories: Blog - Retail - Uncategorised - Kenya
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Mitch Slape wants to make Massmart more like Walmart
Having taken stock of the business since his appointment as CEO in September 2019, former Walmart executive Mitch Slape has unveiled his plan to right listing South African retailer Massmart (in which Walmart holds a majority stake). He is planning to streamline the business by reducing it from four to two operational units, shift the
4th February 2020
Categories: SagaRetail News - Retail - Supermarkets - Massmart
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The essence of success
Essenza, one of the biggest specialty retailers of fragrances, cosmetics, and skincare products in Nigeria, recently opened its 32nd outlet in Abuja’s Jabi Lake mall. Founded a decade ago, Essenza now has outlets in four out of Nigeria’s five AA-rated malls. It also has two outlets in Ghana, and in 2019, it launched an online
29th January 2020
Categories: SagaRetail News - Retail - Nigeria