Africa & Middle East news & analysis

06 September 2018
We look at the latest developments for struggling Kenya-based retailer Nakumatt, including store closures, the trading environment and its outlook for the future. Store closures Nakumatt has closed its only remaining store in Kenyan city Mombasa. It was forced to close due to unpaid rent fees. The retailer owed KES107m (US$1m) accrued over 21 months. The store will be taken over by Naivas S...
03 September 2018
Despite ecommerce not making as significant a breakthrough in the Middle East as other regions, the channel is developing. We look at the latest evolutions online and how growth is gaining momentum. Noon launches grocery service The ever-expanding online platform Noon has announced it will now deliver groceries. The retailer is looking to sell a wide range of products focusing on pre...
29 August 2018
We look at South Africa-based Massmart’s interim results, its strategic priorities and predictions for the future. A difficult H1 Massmart has announced its interim results for the 26-week period ending in July; Sales were ZAR41.6bn (US$2.9bn), a decrease of 2.2% Comparable store sales fell by 3.9% Food sales declined 1.5%. Food suffered due to commodity deflation, which was est...
24 August 2018
As South Africa-based Shoprite announces its first annual profit decline in 19 years we look in more detail at the challenges the retailer has faced. A tough year CEO Peter Engelbrecht has said that 2017-2018 was; ” The toughest (year) that I can recall” Overall the retailer's turnover increased 3.1% to ZAR145.3bn (US$11 bn). However, trading profit declined 1.4% accounting for ZAR8bn...
22 August 2018
UAE-based Majid Al Futtaim has reported strong results in its Kenya stores. We look at the performance in more detail. H1 Kenya performance The retailer has reported a 143% rise in turnover for the first six months of 2018. This is due to its rapid expansion within Nairobi. It doubled its footprint in 2018, opening three new stores. It has opened a total of six stores in Kenya since it ente...
21 August 2018
As Saudi Arabia-based Savola Group announces its Q2 results we look at how Panda Retail Company performed in more detail. A challenging Q2… Panda Retail Company’s revenue declined 3.1% to SAR3,229m (US$860m) from SAR3,331m (US$887m) in Q1 2017. The retailer reported lower footfall as the main reason behind the loss. Another contributing factor was the reduction of selling space by 13,732...
06 August 2018
UAE-based Majid Al Futtaim has achieved positive results for H1 2018. We look at the retailer’s performance in detail and its plans for H2 and beyond. Growth in a challenging environment Majid Al Futtaim’s revenue increased 13% year-on-year to AED17.8 bn (US$4.8 bn) in H1 2018. This increase was driven mainly by expansion. The strong results come despite the challenging macroeconomic env...
06 August 2018
Trading in South Africa remains challenging, creating an increasingly competitive environment for retailers. We look at price changes, food inflation and how this has driven growth in private label. Mixed price changes across categories The Consumer Price Index has shown some positive results for South African shoppers. Although some prices have risen, many staple items have decreased. Brea...
01 August 2018
We look at how South Africa-based Pick n Pay is pledging to be more responsible to the South African community by increasing employment and being more sustainable. Loosing and gaining staff 2018 has seen mixed strategy from Pick n Pay. As part of its goal to make the business leaner, fitter and better for shoppers Pick n Pay reduced its employees by 10% throughout Q1. This was through...
31 July 2018
UAE-based fuel provider ADNOC announced it would be rebranding some of its forecourt stores to the Géant banner in March 2018. Five stores have now been converted. We look at this in more detail. Improving shopper experience ADNOC is looking to enhance shopper experience with greater choice and improved service in these stores. Alongside Géant, it is partnering with Urban Foods. Both ...