Retail & Shopping Malls
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Carrefour set to more than double its Ivorian store count
Website Africa Intelligence reports that CFAO is planning to open five new Carrefour outlets in Côte d’Ivoire. Four of these are to be located in Yopougon, the most populous of Abidjan’s ten communes, where CFAO opened a PlaYce shopping mall anchored by a Carrefour Market late last year. It is likely that the new Yopougon
18th September 2019
Categories: SagaRetail News - Retail & Shopping Malls
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As new CEO takes the helm, Massmart’s sees modest growth in international sales
During the first six months of 2019, total sales at South Africa-based Massmart’s international stores rose by 6.4% (in constant currency terms), compared with the year-earlier period, to ZAR3.9 billion (USD264 million). Same-store sales rose by 2.4%. Total international sales increased by 11.8% in ZAR terms. International stores accounted for 8.9% of Massmart’s total sales
16th September 2019
Categories: SagaRetail News - Retail & Shopping Malls - South Africa
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Kenyan middleweights join forces to take on the big boys
Having acquired a majority stake in Tumaini Self Service Ltd. earlier this year, Sokoni Retail Kenya, which is controlled by private equity firm Adenia Partners, has now finalised a deal to take a majority stake in rival supermarket chain Quickmart from its founding family. The new entity will be called Quickmart, and all Tumaini stores
13th September 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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South African retailers caught up in xenophobic backlash
A number of Shoprite and Pick n’ Pay outlets were among the South African businesses targeted by looters in Nigeria and Zambia during early September. Mobile communications provider MTN and clothing chain Pepkor were also affected. These attacks were triggered by xenophobic attacks on foreigners and foreign-owned businesses in Johannesburg that resulted at in least
12th September 2019
Categories: SagaRetail News - Retail & Shopping Malls - Nigeria - Zambia - South Africa
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Woolworths shuts two clothing stores and exits Ghana
Cape Town-based fashion retailer Woolworths closed its two outlets in Accra at the end of July. It opened its first Ghanaian store in 2002 and added a second 12 years later. Woolworths has not provided an explanation for this move, beyond stating that it followed “a comprehensive review of our operations in Ghana.” It added:
20th August 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Retail Holding raises capital to expand and modernise Ivorian subsiduary
Morocco-based Retail Holding has raised MAD600 million (USD62 million) from the private placement of a five-year bond in order to consolidate its control of Ivorian wholesaler and retailer CDCI and fund its expansion and modernisation. This comes after reports in the Ivorian media earlier this year that CFAO (Carrefour’s franchisee in francophone West Africa, which
19th August 2019
Categories: SagaRetail News - Retail & Shopping Malls - Cote d'Ivoire - Morocco
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Tuskys talks up its growth prospects, but can it deliver?
Kenyan supermarket chain Tuskys plans to grow its store network by franchising its banner to independent retailers and opening more outlets in Shell service stations. Already the largest grocery retailer in East Africa (at least in terms of store numbers) since the precipitous decline of Nakumatt, Tuskys currently operates more than 70 outlets in Kenya
14th August 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya - Uganda
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MAF’s latest Egyptian mall to open in September
UAE-based conglomerate Majid Al Futtaim (MAF) has handed over possession of units at its City Centre Almaza Mall to tenants in anticipation of a September 30th opening. Located in the Cairo suburb of Heliopolis, this mall, which has a gross leasable area (GLA) of 103,000m2, includes a 13,040m2 Carrefour hypermarket, a Magic Planet entertainment centre,
25th July 2019
Categories: SagaRetail News - Retail & Shopping Malls
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GBH raises its profile in Africa with Casino deal and Côte d’Ivoire entry
On July 22nd, Groupe Casino announced that it had agreed a deal to sell its Indian Ocean subsidiary Vindémia to GBH (Groupe Bernard Hayot) for €219 million. Vindémia operates hypermarkets, supermarkets, cash and carry outlets, and convenience stores in Reunion Island, Mayotte, Madagascar, and Mauritius – a total of 185 stores with a sales area
23rd July 2019
Categories: SagaRetail News - Retail & Shopping Malls - Cote d'Ivoire
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Chinese gadget maker’s first SSA store an instant hit in Nairobi
Chinese technology company Xiaomi, best known for its Mi smartphones and laptops, opened a Mi Home store in the Hub mall in Karen last week – its first outlet in sub-Saharan Africa. Apart from smartphones, the outlet, which bears more than a passing resemblance to an Apple Store, sells everything from rice cookers to robotic
22nd July 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya