SagaRetail News
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Sagaci Research publishes Tuskys Retailer Research Report 2020
Can Tuskys survive, or is it likely to become just another tombstone in the graveyard of Kenyan grocery retail, alongside the likes of Nakumatt, Choppies, and Shoprite? This Retailer Research Report provides a detailed analysis of Tuskys’ development, ownership, management, operations, store network, and growth strategies in order to provide a comprehensive review of the
16th September 2020
Categories: SagaRetail News - Retail - Tuskys - Retail & Shopping Malls - Kenya
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Shoprite confirms Kenya exit
In a move that will surprise few, South African supermarket chain Shoprite has revealed that it is to exit the Kenyan market. It opened its first store in this market during December 2018 and had four (three in Nairobi and one in Mombasa) by the end of last year. However, this year it has closed
8th September 2020
Categories: SagaRetail News - Retail - Supermarkets - Shoprite - Kenya
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Despite Covid-19 disruption, Jumia continues to narrow its losses
In the three months to June 2020, operating losses at Africa-focused internet retailer Jumia declined at an annual rate of 43.6%, to €37.6 million. It operates across 11 African markets, with a particular focus on North Africa (Algeria, Egypt, Morocco, and Tunisia) and West Africa (Côte d’Ivoire, Ghana, Nigeria, and Senegal), in addition to Kenya,
2nd September 2020
Categories: SagaRetail News - Retail - Internet retail - Jumia
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Ghana becomes SPAR’s tenth African market
Netherlands-based SPAR International has partnered with EcoDi (Economic Distribution Company Ghana) in a deal that will see all of the latter’s 17 outlets (most of which are located in the vicinity of Accra) convert to the SPAR banner by the end of this year. This deal makes Ghana SPAR’s tenth African market and its second
1st September 2020
Categories: SagaRetail News - Supermarkets - Africa - Spar - Ghana - Cote d'Ivoire
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“The Lord will not allow Tuskys to die!”
While its chief rivals Naivas and Quickmart both opened new outlets during July, Tuskys, Kenya’s second largest grocery retailer, has struggled to pay suppliers and landlords and keep its shelves stocked. The Standard newspaper reports that the chain’s sales fell by 35% during April and May. During mid-July, it was revealed that New Kenya Cooperative
3rd August 2020
Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda
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Covid-19 is the final straw for Shoprite in Nigeria
South African retail giant Shoprite has revealed plans to exit the Nigerian market. It opened its first Nigerian outlet as long ago as 2005 and currently operates 25 stores there. It also owns many of the malls in which these stores are located (under the Novare brand) as part of a joint venture. According to
3rd August 2020
Categories: SagaRetail News - Retail - Supermarkets - Shoprite - Nigeria
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Chastened Choppies retreats home to licks its wounds
Choppies has finally released its much delayed full-year results for 2019 (the 12 months to June 2019), as well as its half-year results for the six months to December 2019. These delays followed an accounting scandal that arose from related-party transactions and various misstatements, which saw it replace its auditors on two occasions and trading
31st July 2020
Categories: SagaRetail News - Retail - Supermarkets - Choppies - Botswana - Kenya - Mozambique - Tanzania - Zambia - Zimbabwe - South Africa - Namibia
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Zambia and Zimbabwe weigh down Pick n Pay’s international performance
Sales at Pick n Pay’s Rest of Africa division rose by 2.8% in constant-currency terms, to ZAR4.7 billion (USD276 million), during its FY2020 (the 12 months to February 2020). Outside of its native South Africa, the chain operated 154 stores in six southern African countries at the end of February, having opened a net six
13th July 2020
Categories: SagaRetail News - Lesotho - Swaziland - Supermarkets - Supermarket - Botswana - Zambia - Zimbabwe - South Africa - Namibia
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Nigerian Covid-19 restrictions leave SPAR struggling to keep its shelves stocked
During May, Haresh Keswani, CEO of Artee Group, which franchises the SPAR banner in Nigeria, told the Wall Street Journal that he had been forced to temporarily close five of its hypermarkets due to supply-chain issues: “Suppliers either don’t have the goods – they are not manufacturing or they don’t know how to get the
8th July 2020
Categories: SagaRetail News - Supermarkets - Spar - retail - Nigeria
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Hard discounters capitalise on Covid-19 to gain market share
Supeco, Carrefour’s hard discount format, is thriving in francophone West Africa, according to local franchisee CFAO. “Our Supeco format exploded with Covid-19,” Jean-Christophe Brindeau, general manager of CFAO Retail, told website Jeune Afrique recently. CFAO franchises the Carrefour and Supeco banners in Senegal, Côte d’Ivoire, and Cameroon. “In these stores, average monthly turnover has risen
3rd July 2020
Categories: SagaRetail News - Carrefour - Supeco - Côte d'Ivoire - CFAO - Retail & Shopping Malls - Angola - Cameroon - Senegal