Africa & Middle East news & analysis

12 November 2014
Angola has emerged to become the second largest oil producer in Africa, which has helped drive nominal GDP by a CAGR of 11% between 2009 and 2014. While the country’s economy and outlook has weakened in line with the falling oil price during 2014, it remains a market that retailers and suppliers alike are investigating for long term growth opportunities. With a population of 22.1 million that ...
10 November 2014
UAE-based Majid Al Futtaim is maintaining its expansion of the Carrefour banner, with new stores set to be added in Armenia and Egypt, following announcements from each of the country’s governments. Majid Al Futtaim to take Carrefour brand to Armenia After a period of uncertainty, the retailer was set to open before the end of 2014, the first Carrefour store is set to open in Armenia in 201...
06 November 2014
We recently attended Walmart’s annual meeting for the investment community, providing us with an opportunity to hear directly from the retailer’s senior leadership on plans for the year ahead. Doug McMillon, Walmart’s President & CEO, outlined how the company had adopted a new ‘enterprise approach’ in developing its strategy. “We’ve taken a fresh look at where we want to play – what businesse...
27 October 2014
Carrefour’s franchisee for the Middle East, Majid Al Futtaim (MAF), has announced that it will open its first Carrefour City in the region in Dubai in November 2014. The opening of the store will mark MAF’s trialling of franchising one of its banners to enable store owners to target specific shopper missions. Store to target on-the-go missions MAF said that its first Carrefour City store wi...
21 October 2014
In an interview with the Lebanon’s The Daily Star, the chief executive of Egypt-based Spinneys, Michael Wright, discussed the retailer’s plans to open its first discount store, under the Happy fascia in the Lebanon. Happy to help Spinneys target different shoppers Wright began by discussing how the Happy fascia would enable the retailer to target a different shopper base to its premium Spin...
16 October 2014
Carrefour has reported consolidated sales growth of 2.8% for Q3, on an organic basis, with improvements in overall sales for France and an "excellent performance" in Latin America. Further sales improvement in France Carrefour reported further growth in France in Q3, against strong comparables of +2%, and despite poor weather and fresh produce price deflation which Casino said earlier ...
16 October 2014
South Africa-based Pick n Pay has announced results for the 26 week period ending 31 August saying turnover rose 6.8% to ZAR32.1 billion (US$2.9 billion), with till sales rising 7.1% to ZAR37.4 billion (US$3.4 billion). The retailer said that it had enjoyed ‘strong trading profit growth driven by good expense control and improved operating efficiencies’, which was up by 21.8% to ZAR387 million (U...
24 September 2014
With Nakumatt opening a store in Kenya to target new shoppers, Botswana-based Choppies driving revenue growth, Pick n Pay announcing it set to complete a key development in its supply chain evolution in 2016 and Tuskys receiving approval of its acquisition in Kenya, we round-up news from Africa. Nakumatt’s new store to target lower income shoppers Kenya-based Nakumatt has announced that it ...
23 September 2014
Total has announced that in conjunction with Famous Brands it will be launching a new format for the forecourt channel, increasing competitive levels in the channel in South Africa. Famous Brands to add Thrupps stores on Total forecourts Famous Brands and Total announced the trial of the new forecourt offer, which they said was aimed at rivalling that from Engen and Woolworths . Famous Bra...
11 September 2014
As Spinneys announces plans to export its private label globally, Qatar’s Al Meera confirms its expansion plans, while Casino’s Tunisia-based and Carrefour’s UAE-based franchisees reveal growth strategies of their own, we round-up news from retailers in Middle East and North Africa. Spinneys aiming to drive growth for ‘100 plan’ strategy As part of the retailer’s ‘Spinneys 100 plan’ – which...