retail
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Does Shoprite see a future in Angola?
Shoprite is considering the closure of some underperforming stores in its international markets. It currently operates almost 250 supermarkets in 14 African countries outside of its native South Africa, making it the largest grocery retail chain in sub-Saharan Africa (SSA). During its 2019 financial year (the 12 months to June 2019), these markets, particularly Angola,
7th November 2019
Categories: SagaRetail News - Retail - Supermarkets - Shoprite - Angola
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CFAO opens third Cash & Carry in Senegal
CFAO recently opened its third Supeco outlet in the Dakar suburb of Golf Sud. The banner debuted in the local market in April this year and a second store was added in September – both of which are also located in the Senegalese capital. Previously, CFAO had operated a single Carrefour Market in Senegal. It
6th November 2019
Categories: SagaRetail News - Supermarkets - Carrefour - Retail & Shopping Malls - Cameroon - Cote d'Ivoire - Senegal
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Under-pressure Tuskys seeks to avoid the fate of Nakumatt
Quoting unnamed industry sources, Kenyan website Standard Media reports that local supermarket chain Tuskys is seeking to raise KES1 billion (USD9.7 million) before the end of the year “to boost its working capital.” It added that Tuskys was doing this in order to be able to pay its suppliers more promptly and thus secure more
5th November 2019
Categories: SagaRetail News - Supermarkets - Tuskys - Carrefour - Retail & Shopping Malls
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A ray of sunshine in Angola’s gloomy grocery retail market
Amid a prolonged recession and persistent double-digit inflation, the Angolan market is in bad shape at the moment (just ask Shoprite). However, there is one domestic player that has bucked the downward trend, exhibiting strong growth over recent years. The retailer in question is Mega Cash & Carry, which operates just two outlets – in
4th November 2019
Categories: SagaRetail News - Retail - Supermarkets - Angola
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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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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