retail
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Pick n Pay reports profit decline in sub-Saharan markets
Pick n Pay’s annual report for the 12 months to March 2019 shows that the margins of its stores in sub-Saharan Africa have narrowed. The South African grocery retailer has outlets in six southern African countries: Botswana, Lesotho, Namibia, Swaziland, Zambia, and Zimbabwe. In spite of what it described as “economic challenges” (particularly in Zambia
2nd May 2019
Categories: SagaRetail News - Lesotho - Swaziland - Retail & Shopping Malls - Botswana - Zambia - Zimbabwe - South Africa - Namibia
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MAF unveils ambitious growth plans for Carrefour banner in Egypt
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) is ramping up its presence in Egypt. In April, it unveiled ambitious plans to open 20 new stores by the end of this year, which would bring the total number of Carrefour stores in this market to 60. In the longer term, it is planning to increase the
30th April 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls
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Tumaini to open two new stores in Nairobi
Tumaini Self Service Limited is set to open two new supermarkets in Nairobi this week, which will bring its total number of stores to 12, with eight of these in Nairobi. Private equity firm Adenia Partners acquired a controlling interest in Tumaini late last year (see our previous story). The new stores will be located
26th April 2019
Categories: SagaRetail News - Retail & Shopping Malls
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MAF sees Kenyan Carrefour sales soar and eyes new markets
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) saw its Kenyan sales rise by 71% during 2018, to AED506 million (USD137.8 million). MAF currently operates seven stores (six hypermarkets and one supermarket) in Nairobi. Nairobi’s eighth Carrefour store (another hypermarket) is due to open later this year in the premises formerly occupied by Nakumatt along the
9th April 2019
Categories: Egypt - Retail & Shopping Malls - Kenya - Uganda - South Africa
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Sagaci in the news: African retail investment to shift towards secondary cities
Charles Ballard, head of retail and real estate at Sagaci Research, recently spoke to asset management firm Anaxago about the commercial real estate market in Kenya. “In Nairobi, there are now more than 60 shopping malls, and the market is beginning to look saturated.” he observed. “The problem in dynamic cities like Nairobi is no
5th April 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Auchan’s African sales topped €100 million in 2018
French retailer Auchan saw its African sales rise by 153% during 2018, to €101 million. Africa was the only region in which it saw increased sales during the year. But despite doubling, the share of Auchan’s sales accounted for by African markets remains very small – 0.2%. Auchan currently operates 28 supermarkets and convenience stores
25th March 2019
Categories: SagaRetail News - Retail & Shopping Malls - Senegal - Tunisia
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Nigerian salad and smoothie chain opens eighth location
SoFresh Neighbourhood Market, a Lagos-based chain that is hybrid of a quickservice restaurant and a fruit and vegetable shop, recently opened its eighth outlet. It focuses on such fare as sandwiches, wraps, salads, fruit packs, muesli, juices and smoothies, while also offering fresh fruit and vegetables and a limited selection of “healthy” packaged food. SoFresh
21st March 2019
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Nigeria
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Massmart reorients growth efforts towards East Africa and Zambia
South African retailer Massmart, in which Walmart holds a majority stake, intends to open 47 new stores by 2021, with about a third of this space to be located outside of its domestic market. According to CEO Guy Hayward, “Zambia and East Africa are interesting to us because they’re not totally dependent on mineral resources
7th March 2019
Categories: SagaRetail News - Kenya - Zambia
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Need a goat in a hurry? This Angolan start-up will deliver it to your door – still bleating
The on-demand delivery segment is hotting up in Africa, with Spanish company Glovo commencing operations in Kenya and Morocco recently and Angolan player Tupuca exhibiting strong growth. Based in Luanda, the latter was founded by four friends in 2015 and now has 140 drivers making 17,000 deliveries a month, with an average order value of
27th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Angola
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Import restrictions threaten supermarket supply chains in Southern Africa
According to The African Development Bank’s annual African Economic Outlook, which was published last month, such South African retail chains as Shoprite risk becoming victims of their own success in Southern Africa. This is because governments in the region have begun to perceive them as a threat to local economic development and are moving to
25th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Zambia - Zimbabwe - South Africa