Africa & Middle East news & analysis

21 May 2014
SPAR (South Africa) has announced interim results for the six month period ending 31 March saying turnover rose 7.6% to ZAR25.6 billion (US$2.5 billion), driven by its building materials division, where revenues increased by 11.3%. Rising competition affects food division The retailer said that turnover at its wholesale division, which supplies its stores, rose by 6.6% to ZAR20.8 billion (US$...
21 May 2014
South Africa has attracted a lot of attention from retailers and suppliers over recent years. However, with the country facing economic and social headwinds, its place as sub-Saharan Africa's largest economy taken by Nigeria's rebasing of its statistics, and regional country groups drawing interest, its crown appears to be slipping. Jon Wright was there to look at the factors affecting the grocer...
19 May 2014
Boots’ full year results revealed a revenue increase of 4.3% to £23,367m, while trading profit increased by 0.4% to £1,270m. Boots attribute its flat line growth to increasingly competitive markets. Health and beauty division sees stable performance Boots’ health and beauty division reported solid revenue up 2.4%, to £7,662m. The UK market accounted revenue of £6,697m, up 2.2%, with...
16 May 2014
Thailand's Central Food Retail, operator of Tops supermarkets, plans to accelerate private label sales at home, as well as sell them overseas through third party retailers, both in Asia and beyond. Selling to retailers overseas The retailer has already sent samples of My Choice Thai snack products to potential retail partners in Singapore, with more to follow in Hong Kong and Dubai, t...
15 May 2014
Walmart’s net sales increased by 0.8% in the first quarter to $114.1bn, with sales in its US stores and Sam’s Club divisions increasing by 2.0% and 0.1% respectively. International sales were down 1.4%. Consolidated net income attributable to Walmart decreased by 5.0% to $3.6bn. The results: quick take With the focus inevitably falling on Walmart’s performance at home, with it registering ...
15 May 2014
Sonae has announced an increase of 2% for turnover at its food business, Sonae MC, in Q1 2014. Online sales up 13% Sonae MC's turnover for Q1 (the three months ended 31 March 2014) was €787m. Sales of Continente private label accounted for around 31% of the turnover of FMCG categories. The retailer also reported a 13% increase in online sales, supported by its new e-commerce platform. CEO P...
12 May 2014
Turkish discount retailer BIM has released its results for the first quarter of 2014, reporting a 21% increase in net sales to TL 3.4bn and an 11.2% increase in like-for-like sales. Gross profit for the quarter also rose by 21.6% to TL 528.1m. Store count crosses 4,000 barrier As of the end of March, BIM operated 4,159 stores, an increase of 11.4% versus the same quarter last year. Major...
12 May 2014
In separate announcements Tesco has said that UAE-based retailer Choithrams will begin stocking up to 1,000 of its private label products and that it is phasing out its Yum venture brand in the UK. Agreement to take private label products into UAE Tesco and UAE-based Choithrams have signed an agreement that will see the latter retailer, which operates 32 stores in the country, stock up to 1,0...
02 May 2014
The latest news from leading retailers in the region including South Africa-based Massmart’s positive trading update, Uchumi closing in on its entry into Rwanda and SPAR (South Africa)’s expansion in Botswana. SPAR (South Africa) to add stores in Botswana SPAR (South Africa) has announced that it is planning to acquire two stores in Botswana from Fruit & Veg City, which operate under the Food...
30 April 2014
LuLu Hypermarkets has announced that it is looking to maintain its store expansion programme in its home market of the UAE and will be investigating opportunities to grow elsewhere in the Middle East. 14 stores to be added by 2016 In an interview with local newspaper Emirates 24/7, the director of LuLu International, Salim M A, said that the retailer was looking to open 14 stores in Dubai and...