supermarkets
-
Update: Covid-19 restrictions tighten their grip on many African economies
The latest Google Community Mobility Reports show that Covid-19 restrictions on movement caused increased disruption in many African countries during the two-week period between March 29 and April 11.This is unsurprising, as significant restrictions on many day-to-day activities have come into force in countries ranging from Kenya to Nigeria over recent weeks. In 18 out
20th April 2020
Categories: Foodservice - SagaRetail News - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Sagaci Insights
-
Covid-19 restrictions wreak havoc on African economies
Google Community Mobility Reports provide valuable insight into the impact of the Covid-19 pandemic on everyday life in 27 African countries. These data show trends in movement over time across different categories of places, such as retail and recreation, groceries and pharmacies, and workplaces. They were collected during late March 2020 and compared with the
7th April 2020
Categories: Foodservice - SagaRetail News - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Sagaci Insights
-
Kenyan retailers to ramp up e-commerce efforts in response to Covid-19 threat
Once referred to by Naivas chief commercial officer Willy Kimani as a “necessary evil,” Kenyan supermarket chains are now scrambling to ramp up their online presence as the number of Covid-19 infections in the country grows. During mid-March, Naivas, which established a partnership with Spanish delivery platform Glovo last year, announced that it would reduce
27th March 2020
Categories: Foodservice - SagaRetail News - Supermarkets - Naivas - Tuskys - Retail & Shopping Malls - Kenya
-
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
-
Retail Holding opens two more Carrefour stores in Morocco and looks to Ivorian subsidiary for international growth
Local Carrefour franchisee Retail Holding recently opened two new Carrefour Markets in Morocco, bringing its total number of outlets in the country to 79. These are located in Rabat (with a sales area of 559m2) and the Casablanca suburb of Bouskoura (634m2). It is planning to open a total of 18 new stores in Morocco this
17th March 2020
Categories: SagaRetail News - Supermarkets - Africa - Carrefour - Côte d'Ivoire - Burkina Faso - Mali - Mali
-
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
-
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
-
Delayed for over a year, Choppies FY2018 annual report makes for grim reading
During mid-December, Choppies finally published its financial results for the 12 months to June 2018 (FY2018). The Botswanan retailer’s losses deepened during the year, from an upwardly revised BWP169.8 million (USD16.9 million) in FY2017 to BWP444.5 million (USD44.2 million) during FY2018. Auditor PwC refused to sign off on its accounts, stating that “We have not
16th January 2020
Categories: SagaRetail News - Retail - Supermarkets - Botswana
-
Fighting for survival, Choppies prepares to exit South Africa
Botswana-based Choppies, which at its peak operated more than 240 supermarkets in eight countries across Southern and Eastern Africa, has agreed the sale of its South African operations to Kind Investments Proprietary Limited for ZAR1 (USD0.07), including the assumption of all of the subsidiary’s debts. The deal is expected to close by February 2020. As
5th December 2019
Categories: SagaRetail News - Retail - Supermarkets - Africa - Botswana - Kenya - Tanzania - Zambia - Zimbabwe - South Africa
-
Kenyan middleweights join forces to take on the big boys
Having acquired a majority stake in Tumaini Self Service Ltd. earlier this year, Sokoni Retail Kenya, which is controlled by private equity firm Adenia Partners, has now finalised a deal to take a majority stake in rival supermarket chain Quickmart from its founding family. The new entity will be called Quickmart, and all Tumaini stores
13th September 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya