South Africa news

25 May 2016
As SPAR (South Africa) discusses its half year results, South Africa-based Shoprite and OK Zimbabwe set out investment plans for Angola and Zimbabwe respectively and UAE-based Majid Al Futtaim opens its first hypermarket in Kenya, we round up news from the region. SPAR (South Africa): revenue up 16.8% in H1 SPAR (South Africa) said its revenues rose 16.8% to ZAR42.5 bn (US$2.7 bn) in the fi...
19 May 2016
We review Walmart’s first quarter results as it looks to build on the momentum in the business. Our take: a new scenario for stores versus ecommerce There’s a subtle change in emphasis in Walmart’s results this quarter with strengthening performances being delivered by its US and its International operations, while ecommerce growth slowed and lagged expectations. It’s been many quarters sin...
18 May 2016
As Julian Evans, head of group merchandising at SPAR Group South Africa, prepares to speak at IGD’s Category Management and Shopper Marketing Summit, we look at how the retailer is winning in the market. Empowered entrepreneur store owners… SPAR South Africa provides a centralised support function, owning very few of its own stores, helping independent store owners to flex their ranging to...
11 May 2016
South Africa-based Clicks has recently announced a strong growth in revenue in the first six months of its financial year. We look at the results and how the focused strategy at its flagship health and beauty brand, along with exclusive ranges from The Body Shop, GNC and Claire’s, are underpinning a sustained improvement in sales. Strong rise in turnover despite ‘strained consumer spending’ ...
27 April 2016
South Africa-based Pick n Pay drove turnover growth of 8.2%, to ZAR72.4 bn (US$5.0 bn), in its 2015 financial year, enjoying its ‘ strongest growth since 2010 ’ and a ‘ significant improvement ’ on its rate of 2015, when it enjoyed turnover growth of 6.1%. Customer-led strategic plan driving growth in South Africa Revealing the results, Pick n Pay said that its results underlined the import...
11 April 2016
SPAR International saw global sales rise by 3.5% in 2015 to €33.0 bn, which it said was its ‘ strongest in five years ’ and driven by the growing pace of recovery in Europe and expansion of the SPAR brand in emerging markets. Results ‘ show… continuing strength and attractiveness of SPAR brand ’ By region, SPAR International highlighted some specific countries where it had enjoyed particula...
08 April 2016
With South Africa facing a confluence of issues, some globally driven, others more local, the country has had these accentuated by the political difficulties that have built up around its President, Jacob Zuma, over the last year. Although the short term appears clouded by a variety of challenges, retailers and suppliers are more upbeat about their longer term growth prospects. ...
10 March 2016
As SPAR (SA) acquires a majority stake in SPAR Switzerland, Uchumi underlines the continuing difficulties it is facing with a KES1.02 bn (US$9.9m) first half loss and Zimbabwe-based Meikles reports a 12% rise in revenues, we round up news from the region. SPAR (SA) acquires 60% stake in SPAR Switzerland SPAR (South Africa) has acquired a 60% stake in SPAR Switzerland for ZAR690.4m (US$44.9m...
02 March 2016
We round up the key numbers from the results statements from South Africa-based Massmart and Shoprite. Shoprite announces robust H1 results Shoprite saw sales rise 8.8% to ZAR62.5 bn (US$4.0 bn) in the first six months of its financial year, with second quarter sales rising by 10.6% versus 6.7% in the first quarter. The increase in turnover was aided by internal food inflation of 2.2%, whic...
02 March 2016
As South Africa-based Pick n Pay opens its first spaza-to-store pilot in Diepkloof township in Soweto, Botswana-based Choppies acquires a 75% stake in Kenya-based Ukwala and Kenya-based Tuskys appoints an acting managing director, we round up news from the region. Pick n Pay to trial spaza-to-store format Pick n Pay has opened its first spaza-to-store pilot in Diepkloof township in Soweto, ...