News
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Moroccan cosmetics and personal care retailer opens fourth outlet
During mid-September, Moroccan retailer Yan&One opened its fourth outlet and its second in Casablanca. The store stocks around 170 brands, 70 of which are private label, developed by “the biggest European laboratories in Switzerland and in France,” according to the retailer. Yan&One is geared towards experiential consumption, as it includes a hair salon, a nail bar,
28th October 2019
Categories: SagaRetail News - Morocco
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Chinese variety store chain continues its rapid African expansion
Miniso entered its seventh African market in September, opening a store in the Ghanaian capital Accra. It already had stores in Egypt, Kenya, Nigeria, Madagascar, Uganda, and Morocco, and its latest opening brings its total number of stores in Africa (excluding South Africa) to more than 30. Miniso sells products ranging from homewares and consumer electronics
22nd October 2019
Categories: SagaRetail News - Retail - Ghana
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Kenyan market leader Naivas sets its sights on smaller cities
Naivas has revealed plans to open four new stores during the coming months. Two of these will be in Nairobi (near the Yaya Centre shopping mall and on the Eastern Bypass), with the other two set for Mombaba and Embu, which is located 120km north of Nairobi. Naivas already has six outlets in Mombasa and one
21st October 2019
Categories: SagaRetail News - Retail - Supermarkets - Naivas - Kenya
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Spar doubles down on Cameroon
Spar Cameroon has opened three new Express outlets, with sales areas ranging from 60m² to 200m², doubling its store count in the country. All of these new outlets are located in the capital Yaoundé. A 110m² outlet located in an Ola Energy garage forecourt in the suburb of Messassi targets “middle income” consumers, according to
10th October 2019
Categories: SagaRetail News - Cameroon
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Middle Eastern investment to strengthen the logistical backbone of African retail
In a move that could make it easier for retailers operating locally to import stock, Agility Africa, a subsidiary of Kuwait-based logistics company Agility Public Warehousing Co., is planning to open warehouse parks in Abidjan, Lagos, and Maputo by mid-2020. Each of these facilities will cost around USD200 million. It is also considering projects in
8th October 2019
Categories: SagaRetail News - Cote d'Ivoire - Mozambique - Nigeria
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Retail Holding buys out partners in CDCI
Private-equity fund Amethis and Ivorian-Lebanese entrepreneur Yasser Ezzedine have sold their stakes (25% and 40%, respectively) in CDCI (Compagnie de Distribution de Côte d’Ivoire) to Morocco-based Retail Holding, giving the latter full ownership of the Ivorian chain. CDCI is the second-largest player in Ivorian grocery retail, behind Prosuma. Financial terms were not disclosed. In 2014, Retail Holding,
3rd October 2019
Categories: SagaRetail News - Retail - Supermarkets - Cote d'Ivoire
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Blog: African retail has a governance problem
Corporate governance remains the Achilles heel of many African retail chains, threatening their long-term growth prospects While corporate governance failings are obviously not confined to Africa, recent years have seen a plethora of scandals and mis-steps that have destabilised some of the retail industry’s most prominent names and threatened to undermine the brand equity
23rd September 2019
Categories: Blog - Retail - Supermarkets - Africa - Nakumatt - Shoprite - Naivas - Tuskys - Sagaci Insights - Kenya - South Africa
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Jumia crowds out smaller rivals in West African e-commerce
Yaatoo and Afrimarket have both thrown in the towel, reinforcing Jumia’s dominance of this nascent market. Côte d’Ivoire-based retailer Groupe Prosuma pulled the plug on Yaatoo, its e-commerce division. Doungnan Coulibaly, who led Yaatoo, told local media that Prosuma’s shareholders were not prepared to provide additional funding for the venture. Launched in 2016, Yaatoo has
19th September 2019
Categories: SagaRetail News - Retail - Cote d'Ivoire
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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 Carrefour Market within the Cosmos Yopougon mall late last year. It is likely that the new Yopougon stores
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