kenya
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As Tuskys flounders, three of its rivals open new stores
Tuskys may be struggling, but its smaller rival Quickmart continues to expand rapidly in Nairobi. Meanwhile, Carrefour and Chandarana Foodplus also opened new outlets during June. The Competition Authority of Kenya initiated an investigation into Tuskys after it fell behind on supplier payments (according to media reports, it owes them KES1.3 billion – USD12.1 million),
30th June 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Shoprite - Carrefour - Supermarket - Quickmart - Retail & Shopping Malls - Kenya
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Covid-19 disruption exposes supply-chain weaknesses, driving up food prices in sub-Saharan Africa
Many African countries have seen substantial increases in food prices over the past couple of months. In Nigeria, the annual rate of food price inflation hit a two-year high of 15.0% during May. Local newspaper The Guardian noted a surge in wholesale prices: “A 50kg bag of rice that sold for NGN18,000 (USD47) is now
16th June 2020
Categories: SagaRetail News - Retail - Kenya - Nigeria
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How is Covid-19 impacting Kenyans?
A SagaPoll survey conducted online in Kenya during May has found that almost two-thirds of respondents were “extremely worried” by Covid-19, with more than half fearful of a decline in their income. A third said they had skipped meals, while another quarter said they were eating less. Meanwhile, economic uncertainty has driven a sharp decline
26th May 2020
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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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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
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Shoprite closes Nairobi supermarket, as Covid-19 restrictions hammer mall foot traffic
South African retailer Shoprite has closed a supermarket in Nairobi’s Waterfront mall due to a significant decrease in foot traffic arising from the Covid-19 outbreak, which has seen a dusk-to-dawn curfew imposed in Kenya. Shoprite entered the Kenyan market in December 2018, and the closure of its Waterfront store leaves it with three outlets in
21st April 2020
Categories: SagaRetail News - Retail - Shoprite - Retail & Shopping Malls - Angola - Kenya - 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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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