News
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Jumia sees its number of active users jump by half
The number of annual active consumers (those who have made a purchase during the prior 12 months) using Jumia increased at an annual rate of 51% during the first three months of 2020, to 6.4 million, according to the online retailer’s latest quarterly report. The total number of orders it received rose by 28% year-on-year
15th May 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Naivas - Carrefour - Internet retail - Consumer - Retail & Shopping Malls
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A shopping revolution: Covid-19 is a catalyst for e-commerce in Africa
Even before the current crisis, interest in online shopping was on the rise in Africa, albeit from a very low base. As recently as December 2019, a Sagaci Research survey found that 12% of Nigerian consumers had used the internet to shop online during the previous four weeks. In Kenya and Tanzania, this figure stood
14th May 2020
Categories: Blog - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Angola - Uncategorised - Cote d'Ivoire - Kenya - Nigeria - Senegal - Zambia
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Hard discounter BİM opened 75 new outlets in North Africa last year
According to its recently published 2019 annual report, Turkish hard discounter BİM opened 55 new stores in Morocco and 20 in Egypt during the year, bringing its total number of outlets in these countries to 497 and 320, respectively. While the chain did not disclose sales figures for these markets, it did reveal that it
11th May 2020
Categories: SagaRetail News - Retail - Egypt - Morocco
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Edcon becomes the first major African retail casualty of Covid-19
South Africa-based Edcon Holdings Ltd., the parent of apparel and homewares retailer Edgars, revealed on April 29th that it was planning to enter voluntary business rescue, a form of bankruptcy protection. Founded in 1929, Edcon is one of the largest non-food retailers in Africa, operating more than 1,000 stores, including more than 20 in sub-Saharan
8th May 2020
Categories: SagaRetail News - Africa - Retail & Shopping Malls - South Africa
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Massmart reports buoyant international sales in Q1, but Covid-19 will hit sales of durable goods hard
South African retailer Massmart’s international sales rose by 4.5% year-on-year in constant-currency terms and 5.0% in ZAR terms during the 13 weeks to March 29th, 2020. Comparable- or same-store sales increased by 4.4% and 3.5% in constant-currency and ZAR terms, respectively, over the same period. Massmart operates 30 stores under the Game banner in 11
6th May 2020
Categories: SagaRetail News - Supermarket - Massmart - Retail & Shopping Malls - Ghana - Nigeria - South Africa
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Curfewnomics: Covid-19 restrictions hit Nairobi’s poorest residents hard
The first case of Covid-19 in Kenya was confirmed on March 13th, and two weeks later, the government imposed a nationwide dusk-to-dawn curfew in an effort to retard the spread of the virus. Tight restrictions on movement in and out of some of the country’s largest urban centres were also introduced. On April 15th, it
1st May 2020
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Monoprix stores continue to lose money in Tunisia
The Tunisian operations of Monoprix, a subsidiary of Casino Group that is franchised locally by the Groupe Mabrouk conglomerate, recorded a net loss of TND725,000 (USD250,000) during 2019, down from a loss of TND1.2 million (USD413,000) the previous year. Turnover rose by 7.1% year-on-year, to TND631 million (USD217 million). Groupe Mabrouk opened the first Monoprix
28th April 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Tunisia
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Is Covid-19 really at the root of the “temporary” closure of three Tuskys supermarkets?
Kenyan supermarket chain Tuskys last week “temporarily” closed three supermarkets – in Nairobi (Tom Mboya Road), Kitale (Mega Mall), and Mombasa (Digo Road). Prior to this, Tuskys had operated 68 outlets – 61 in Kenya and seven in Uganda. According to a statement issued by Benard Kahianyu, chairman of holding company Tusker Mattresses Limited, “We
27th April 2020
Categories: SagaRetail News - Africa - Tuskys - Kenya
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Even Covid-19 can’t slow Naivas’ growth
Kenya’s largest supermarket chain this week opened its 63rd outlet opposite the Yaya Centre mall in the affluent Nairobi suburb of Kilimani. Fitted out to a very high standard and with a sales area of around 1,000m2, of which 25% is dedicated to fresh food and a café, this stand-alone store is focused on convenience
23rd April 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Tuskys - Kenya
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Carrefour’s Kenyan sales rose by more than a quarter in 2019
Carrefour’s Kenyan stores earned revenue of KES18.7 billion (USD175 million) during 2019, up 28% on the previous year. The Carrefour banner is franchised in Egypt and East Africa by UAE-based Majid Al Futtaim (MAF). While MAF did not open any new Carrefour stores in Kenya during 2019, it did expand the sales areas of some
22nd April 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Carrefour - Kenya