News
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Kenyan supermarkets aim higher
With Nakumatt now a shadow of its former self SagaRetail news, rival supermarket chains like Naivas and Tuskys are taking over some of the anchor tenancies it has vacated in such high-end malls as Nairobi’s Capital Centre and seeking to appeal to more affluent consumers.
5th October 2018
Categories: Foodservice - SagaRetail News - Kenya
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Carrefour goes gourmet in Morocco
Having successfully launched the concept in Casablanca, Carrefour franchisee Label’Vie brought the Carrefour Gourmet sub-banner to Rabat during September. Boasting such delicacies as lemon caviar, dwarf carrots, ground cherries and edible flowers, this store concept is squarely targeted at the upper end of the market.
5th October 2018
Categories: Foodservice - SagaRetail News - Morocco
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Africa’s first unicorn set to go public next year
Media reports suggest that internet retailer Jumia will be listed on the New York Stock Exchange early next year, with a reported valuation of around USD1 billion. Jumia has local websites in 14 African countries.
5th October 2018
Categories: SagaRetail News - Beauty
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Shoprite puts Nigerian expansion plans on ice
Having opened its 25th Nigerian store just a few months ago, Africa’s largest grocery retail chain has revealed that it will not be opening any more outlets in the country for the time being.
4th October 2018
Categories: Foodservice - SagaRetail News - Nigeria
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What’s up with Choppies?
On September 21st, Choppies announced that it was to delay publication of its financial results for the 12 months to June 2018, adding that its profits would decline by at least 20% year-on-year.
3rd October 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - South Africa
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Shopping Malls in Africa
Urbanisation, population growth, increased interest from international retailers, changing consumer lifestyles and rising household incomes are among the factors driving strong growth in demand for shopping malls across Africa. Supply is steadily rising, but many markets remain underserved, particularly secondary cities. In the medium term, new mall development is set to be concentrated in a
28th September 2018
Categories: SagaRetail News
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Less than half of Angolans use their phones to browse the internet
Our July Omnibus survey asked Angolans about their mobile phone habits. Over 80% of respondents said they had at least one mobile phone, with Samsung the most popular brand. Nokia ranked second, while Huawei was found to be the most popular Chinese brand.
28th September 2018
Categories: Angola
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Tracking the big beasts of African retail
While traditional retailers continue to dominate, modern formats like supermarkets and hypermarkets are eroding their market share in many urban centres across the continent. It is with this in mind that Sagaci Research is launching a series of reports on the main players in African grocery retail.
26th September 2018
Categories: SagaRetail News
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Nakumatt loses its last foothold in Mombasa to Naivas
Debt-laden Kenyan supermarket chain Nakumatt has exited the country’s second-largest city, forced out of its last branch in Mombasa after accumulating rent arrears of KES107 million (USD209,000) over 21 months. Earlier this year, it closed its other store in the city. Having once operates 64 supermarkets across three countries, Nakumatt now has a mere six
5th September 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - Kenya
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South African variety store chain looks north for growth
Miniso is not the only variety-store chain seeking to expand in the sub-Saharan market. South Africa-based discount variety chain The Crazy Store currently has 347 stores, including 14 in Namibia and two in Botswana, with more on the way in both countries and longer term plans to expand into other sub-Saharan markets. Having opened its
5th September 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Botswana - Namibia