SagaRetail News
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Kenyan retailers to ramp up e-commerce efforts in response to Covid-19 threat
Once referred to by Naivas chief commercial officer Willy Kimani as a “necessary evil,” Kenyan supermarket chains are now scrambling to ramp up their online presence as the number of Covid-19 infections in the country grows. During mid-March, Naivas, which established a partnership with Spanish delivery platform Glovo last year, announced that it would reduce
27th March 2020
Categories: Foodservice - SagaRetail News - Supermarkets - Naivas - Tuskys - Retail & Shopping Malls - Kenya
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Zambeef continues retail expansion despite economic headwinds
Zambeef, which describes itself as “the largest vertically integrated food retailing brand in Zambia,” has reported total revenue of ZMW3.1 billion (USD210 million) for its 2019 financial year (the 12 months to September 2019), with its retail operations accounting for almost two-thirds of this. Zambeef’s retail revenue rose by 20.4% year-on-year, to ZMW2.0 billion (USD136
18th March 2020
Categories: SagaRetail News - Supermarkets - Zambia
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Retail Holding opens two more Carrefour stores in Morocco and looks to Ivorian subsidiary for international growth
Local Carrefour franchisee Retail Holding recently opened two new Carrefour Markets in Morocco, bringing its total number of outlets in the country to 79. These are located in Rabat (with a sales area of 559m2) and the Casablanca suburb of Bouskoura (634m2). It is planning to open a total of 18 new stores in Morocco this
17th March 2020
Categories: SagaRetail News - Supermarkets - Africa - Carrefour - Côte d'Ivoire - Burkina Faso - Mali - Mali
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Nigeria replaces Angola as Shoprite’s weakest link
South African grocery retailer Shoprite continues to struggle in sub-Saharan Africa (SSA), with Nigeria replacing Angola as its worst performing market in the region. While sales in Angola are now almost stable, declining at an annual rate of 1.9% in constant-currency terms during the six months to December 2019, Nigerian sales plunged 8.1% over the
12th March 2020
Categories: SagaRetail News - Supermarkets - Shoprite - Angola - Uncategorised - Nigeria
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Jumia re-orients consumer proposition as it seeks path to profitability
Having exited the Cameroonian, Tanzanian, and Rwandan markets over recent months and reoriented its marketing efforts towards lower-value items, internet retailer Jumia saw its gross merchandise value (GMV) decline at an annual rate of 3% during Q4 2019, from €311 million in Q4 2018 to €301 million. However, for 2019 as a whole, GMV rose
11th March 2020
Categories: SagaRetail News - Egypt - Ghana - Cote d'Ivoire - Kenya - Morocco - Nigeria - Senegal - South Africa
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Mr Bricolage opens new store in Morocco, but SSA growth plans have stalled
French DIY chain Mr Bricolage has opened its eighth Moroccan outlet in Dar Bouazza, a rapidly expanding suburb of Casablanca. With a sales area of just 1,200m2, it is much smaller than the typical Mr Bricolage outlet, with the company referring to it as a “convenience store” (magasin de proximité). “With this new opening, the
10th March 2020
Categories: SagaRetail News - Cote d'Ivoire - Morocco
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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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Kenyan regulator orders Carrefour to revise “unfair” supplier deals
The Competition Authority of Kenya has ruled that local Carrefour franchisee Majid Al Futtaim (MAF) engaged in unfair practices in its dealings with suppliers and ordered the retailer to remove six clauses from its supplier contracts within 60 days. The “offending provisions” include forcing suppliers to pay a non-refundable fee to do business with it,
21st February 2020
Categories: SagaRetail News - Carrefour - Kenya
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Ethiopia set to become Burger King’s eighth African market
Toronto, Canada-based Restaurant Brands International (RBI) has partnered with Belayab Foods Production to bring its Burger King brand to Ethiopia, website Allafrica.com reports. Burger King restaurants are currently to be found in seven African countries. It entered four of these markets (Côte d’Ivoire, Kenya, Ghana, and Tunisia) during the past five years. During late 2018,
14th February 2020
Categories: Foodservice - SagaRetail News - Ethiopia