retail
-
Prosuma’s new foodservice concept reflects growing popularity of deli counters in African supermarkets
During early July, Ivorian grocery chain Prosuma launched Snack & Go in the Casino 2 Plateau mall in Abidjan. A stand-alone venue selling such fare as sandwiches, pizza slices, soft drinks, and fresh juices, Snack & Go is a hybrid deli/fast-food concept and natural extension of the deli counters and in-store cafés that Prosuma already
15th July 2019
Categories: Foodservice - Retail & Shopping Malls - Cote d'Ivoire - Kenya
-
Egyptian mall developer looks to underserved delta region
What will be the largest mall in Egypt’s delta region (located between Cairo and Alexandria) is set to open in the city of Tanta later this year. Developer Marakez already operates two malls in the vicinity of Cairo – Mall of Arabia and Mall of Katameya. With a gross leasable area of 40,000m², Mall of
25th June 2019
Categories: SagaRetail News - Retail & Shopping Malls
-
Walmart veteran to take the helm at Massmart
Less than a month after the resignation of Guy Hayward as Massmart CEO was announced, his replacement has been revealed. Walmart (which holds a majority stake in the South African retailer) is to parachute in one of its own – Mitchell Slape. 51-year-old Slape has worked at Walmart for 25 years in various roles across
28th May 2019
Categories: SagaRetail News - Retail & Shopping Malls - South Africa
-
Choppies boardroom coup fuels nervousness among suppliers
Mired in an accounting scandal, supermarket chain Choppies suspended CEO Ramachandran Ottapathu last week, but this move does not seem to have gone done well with some of its suppliers, amid media reports of empty shelves in some of its outlets. Botswana-based Choppies operates around 250 stores across eight sub-Saharan countries, and Ottapathu, who has
28th May 2019
Categories: SagaRetail News - Retail & Shopping Malls - Botswana - Kenya
-
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
-
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
-
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
-
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
-
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
-
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