supermarket
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Massmart reports buoyant international sales in Q1, but Covid-19 will hit sales of durable goods hard
South African retailer Massmart’s international sales rose by 4.5% year-on-year in constant-currency terms and 5.0% in ZAR terms during the 13 weeks to March 29th, 2020. Comparable- or same-store sales increased by 4.4% and 3.5% in constant-currency and ZAR terms, respectively, over the same period. Massmart operates 30 stores under the Game banner in 11
6th May 2020
Categories: SagaRetail News - Supermarket - Massmart - Retail & Shopping Malls - Ghana - Nigeria - 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
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Kenyan regulator orders Carrefour to revise “unfair” supplier deals
The Competition Authority of Kenya has ruled that local Carrefour franchisee Majid Al Futtaim (MAF) engaged in unfair practices in its dealings with suppliers and ordered the retailer to remove six clauses from its supplier contracts within 60 days. The “offending provisions” include forcing suppliers to pay a non-refundable fee to do business with it,
21st February 2020
Categories: SagaRetail News - Carrefour - Kenya
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Moroccan government threatens to show Turkish discounter the door
With the Moroccan and Turkish governments missing a self-imposed deadline of January 30th to reach a new trade deal, Moroccan Minister of Trade Moulay Hafid Elalamy has threatened to shut down Turkish grocery retailer BİM’s local operations. Speaking in the Moroccan parliament, he claimed “Wherever they [BİM] open, 60 Moroccan shops are closed.” Haluk Dortluoğlu,
14th February 2020
Categories: Uncategorised
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Mitch Slape wants to make Massmart more like Walmart
Having taken stock of the business since his appointment as CEO in September 2019, former Walmart executive Mitch Slape has unveiled his plan to right listing South African retailer Massmart (in which Walmart holds a majority stake). He is planning to streamline the business by reducing it from four to two operational units, shift the
4th February 2020
Categories: SagaRetail News - Retail - Supermarkets - Massmart
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Carrefour expands in East Africa, while Naivas gobbles up what’s left of Nakumatt in Kenya
Carrefour franchisee Majid Al Futtaim (MAF) opened its first supermarket in Uganda during December and is due to enter the Tanzanian market in the very near future. The Ugandan store is located in Kampala’s Oasis Mall and has a sales area of 2,800m2. This mall formerly hosted Kenyan chain Nakumatt. Its first Tanzanian outlet will
30th December 2019
Categories: SagaRetail News - Retail - Supermarkets - Carrefour - Kenya - Tanzania - Uganda
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CityDia opens 18th supermarket in Ghana
CityDia opened a supermarket in the Accra suburb of Dansoman during mid-December 2018. 16 of its 18 stores are located in Accra, with one apiece in Kusami and Kyebi. It is also planning to build a 20,000m² distribution centre in the capital. João Rente Correia, general manager of CityDia Ghana, who previously worked for Portuguese
19th December 2019
Categories: SagaRetail News - Retail - Supermarkets - Ghana
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Ivorian retailer seeks to remake the traditional market
Supermarkets continue their inexorable growth across much of sub-Saharan Africa (SSA), but some local entrepreneurs are attempting to hybridise this format with traditional markets to produce something that is uniquely African. The Prince Ebeano supermarket chain in Nigeria is one example of this, but Socofrais is taking the concept a step further in Abidjan, the
3rd December 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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Choppies on the chopping block
Troubled Botswanan retailer Choppies has indicated that it intends to dispose of its supermarkets in Kenya, Tanzania, and South Africa. Choppies currently operates more than 200 outlets in eight countries in Southern and Eastern Africa, with Botswana and South Africa accounting for the bulk of these – 85 and 88 outlets, respectively, according to the
10th September 2019
Categories: SagaRetail News - Consumer - Botswana - Kenya - Tanzania - South Africa
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