Africa & Middle East news & analysis

13 October 2021
7–Eleven has signed a master franchise agreement with Electra Consumer Products Ltd. to develop and operate 7-Eleven stores in Israel.  7-Eleven confirms Israel market entry Speculation first emerged in November 2020, but the retailer has now signed an official agreement. 7-Eleven will support Electra to implement and localise the offer. The shopping experience, food-to-go and variety o...
03 September 2021
Amazon has launched Amazon.eg in Egypt, a rebranding of Souq.com. Amazon rebrands Souq Amazon.eg has been rebranded from Souq.com, an ecommerce platform which Amazon acquired in 2017 in the Middle East. Shoppers’ account information for Souq.com was automatically transferred to the new site. In June 2020, Amazon also converted the Souq website in Saudi Arabia to Amazon.sa. In January 202...
02 September 2021
In separate developments, Walmart-owned Massmart and Shoprite have announced plans to exit several markets across Africa. The exits underline South African retailer’s growing focus on profitability and desire to sell off non-core assets to enable them to invest in faster growing areas of their operations. Massmart to exit five markets… Following its sale of non-core retail assets to Shopr...
26 August 2021
Walmart majority-owned Massmart is divesting non-core retail assets to Shoprite Checkers, the leading grocery retailer in South Africa. The retailer has also confirmed that it is in talks to acquire a controlling stake in OneCart, the country’s leading grocery delivery service. Divesting Cambridge Food, Rhino Cash and Carry and Masscash Cash and Carry Massmart is divesting its Cambridge Foo...
18 May 2021
SPAR International has published sales for 2020 showing it had grown by 7.4% at constant currencies to €39.8 bn. Its performance was driven by its operations in Western Europe, where sales grew by 12% in the 2020 calendar year. SPAR presence continued to grow in 2020… Despite the challenging operating environment, SPAR continued to expand in existing markets and into new ones as well. At th...
01 March 2021
South Africa-based Woolworths has reported a positive trading update for the 26-week period ending 27 December 2020, with its performance driven by its food operations. The retailer said group sales fell by 0.5% at constant currency terms but rose by 5.3% excluding exchange rate effects. Woolworths said the results showed the ‘ improved trading momentum across all businesses over the final six...
25 February 2021
Walmart-owned, South Africa-based Massmart released a trading update for the 52-week period ending 27 December 2020, noting full year sales fell 7.7% to ZAR86.5 bn (US$5.9 bn). The retailer reported comparable sales contracted by 7.5% in the year, although it had seen an improvement in performance in Q4. Q4 sales contracted 4.1% The retailer said sales in its fourth quarter were down 4.1% o...
18 February 2021
South Africa-based SPAR Group reported sales growth of 9.8%, to ZAR42.99 bn (US$3.0 bn), during the 18-week period to the end of January 2021. The Group enjoyed growth across all its country operations, with a strong advance in performance seen in Poland. Growth in South Africa impacted by lost liquor sales In its home market SPAR reported group sales growth of 3.4%, with its performance af...
17 February 2021
South Africa-based Shoprite has reported total sales growth (including Supermarkets RSA LiquorShop) of 4.7%, to ZAR83.4 bn (US$5.8 bn). Excluding the effect of the liquor stores, which were impacted by COVID-19 nationwide lockdown regulations, sales rose by 6.3%. Results show improving performance during the half In its home market Shoprite reported sales growth of 5.6% in the half (includi...
25 January 2021
South Africa-based, Walmart-owned Massmart has published a sales update for its 2020 financial year, noting trading its fourth quarter improved as ‘ many of the previously imposed Covid-19 related trading restrictions [were] lifted, which allowed trading to resume in most categories . However, the continued restrictions on the sale of liquor had a strong impact on its overall performance. Sale...