shoprite
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Zambeef continues retail expansion despite economic headwinds
Zambeef, which describes itself as “the largest vertically integrated food retailing brand in Zambia,” has reported total revenue of ZMW3.1 billion (USD210 million) for its 2019 financial year (the 12 months to September 2019), with its retail operations accounting for almost two-thirds of this. Zambeef’s retail revenue rose by 20.4% year-on-year, to ZMW2.0 billion (USD136
18th March 2020
Categories: SagaRetail News - Supermarkets - Zambia
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Nigeria replaces Angola as Shoprite’s weakest link
South African grocery retailer Shoprite continues to struggle in sub-Saharan Africa (SSA), with Nigeria replacing Angola as its worst performing market in the region. While sales in Angola are now almost stable, declining at an annual rate of 1.9% in constant-currency terms during the six months to December 2019, Nigerian sales plunged 8.1% over the
12th March 2020
Categories: SagaRetail News - Supermarkets - Shoprite - Angola - Uncategorised - Nigeria
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Shoprite stabilises sales in sub-Saharan Africa
South African retailer Shoprite, the largest operator of supermarkets in sub-Saharan Africa (SSA), saw the annual rate of decline in its sales in that region slow from -4.9% to -1.5% between Q3 and Q4 of 2019. During the period July-December (the first half of its financial year), sales declined by 3.1%, to ZAR10.8 billion (USD736
29th January 2020
Categories: SagaRetail News - Angola - Nigeria - Zambia
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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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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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South African retailers caught up in xenophobic backlash
A number of Shoprite and Pick n’ Pay outlets were among the South African businesses targeted by looters in Nigeria and Zambia during early September. Mobile communications provider MTN and clothing chain Pepkor were also affected. These attacks were triggered by xenophobic attacks on foreigners and foreign-owned businesses in Johannesburg that resulted at in least
12th September 2019
Categories: SagaRetail News - Retail & Shopping Malls - Nigeria - Zambia - South Africa
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FX-woes continue to weigh on Shoprite’s turnover in sub-Saharan Africa
South Africa-based Shoprite, the largest supermarket chain in sub-Saharan Africa (SSA) with more than 400 outlets in 14 countries (excluding its domestic market), saw sales in these markets decline by 7.7% during the 12 months to June 2019. However, in constant-currency terms, they rose by 0.9%. Against a background of hyperinflation and currency depreciation, Angola
6th August 2019
Categories: SagaRetail News - Consumer
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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
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Angola remains Shoprite’s sore spot
Shoprite has reported that sales (denominated in South African rand – ZAR) in its supermarkets outside of its native South Africa plunged 13.3% year-on-year during the second half of 2018. In constant currency terms (excluding the effect of foreign currency fluctuations), they were flat – rising by 0.1%. Angola, a petro-economy wracked by weak oil
5th February 2019
Categories: Retail & Shopping Malls - Angola - Nigeria - Zambia
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Nairobi’s mall boom sets the stage for fierce supermarket struggle
The Waterfront mall opened in Nairobi on Jamhuri Day (Kenyan independence day – December 12th). With close to 18,600m² of GLA, the 20 hectare site boasts more than 1,000 parking spaces, a 14,000m² artificial lake and a 1.2km running and walking track. With these leisure facilities and regular cultural events, management are clearly hoping to
10th January 2019
Categories: Retail & Shopping Malls - Kenya
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