Africa & Middle East news & analysis

18 December 2013
Discussing the company’s short term strategy, the chief executive, Iyad Malas, of Carrefour’s franchisee in the Middle East, Majid Al Futtaim, said that the company was aiming to continue its recent pace of expansion. Aim is ‘to double sales’ Over the next five years Malas said that Majid Al Futtaim, which includes a property arm, was looking to double its sales by investing US$5 billion in n...
17 December 2013
SPAR International has announced that it has signed a licence agreement for Oman with locally-based Khimji Ramdas, who will look to open stores under the banner in the short term. Oman added to a growing list for SPAR SPAR International is expanding the SPAR brand in the Middle East as part of a co-operative venture with Abu Dhabi Co-operative Society (ADCOOPS), with entry into Oman following...
12 December 2013
Metro Group says its transformation is showing effect, and has reported a sales increase of 0.9% for its 2013 short financial year, running from 1 January to 30 September 2013. Faced economic challenges this year Despite continued challenging conditions internationally, EBIT before special items was up 3.1% for the short year, comparing it with the first nine months of 2012. Olaf Koch, Ch...
05 December 2013
Despite slow economic growth and poor monetary conditions in South Africa, the country’s retailers continue to look for expansion opportunities in their home market and across the region. Here we round up the recent news. Pick n Pay As part of the retailer’s aim to win market share, and its turnaround strategy, Pick n Pay has announced it is planning to add 64 stores by the end of February 20...
14 November 2013
Walmart’s Q3 results reveal continued weakness in its core US stores with total sales up 2.4%, and comp store sales, a key benchmark indicator, down 0.3%, in line with the previous quarter. Total and comp store sales at Sam’s Club were up 1.1%, while internationally, sales growth remains tough, up 0.2% in the quarter. However, all business units grew operating income ahead of sales. Tota...
13 November 2013
Supa Save Bahrain, which runs Waitrose’s shops under franchise in the country, has announced that it is going to exit the market. Poor sales lead to exit Discussing the move Colette Shannon, Supa Save’s communications manager, said: ‘Despite strong customer loyalty to the brand, the sales required for sustainable business were not achieved. As such, Supa Save Bahrain has made their decision t...
13 November 2013
South Africa-based SPAR Group has announced full year results, for the year ended 30 September. It said that turnover had risen by 9.8% to ZAR47.4 billion (US$4.6 billion). Headwinds affecting growth SPAR noted that shopper spending was being ‘ constrained by unemployment, restricted access to credit and rising costs ’, which had led to it and other retailers engaging in ‘ strong promotional...
12 November 2013
Mncane Mthunzi, group supplier development executive at Massmart, has highlighted both the opportunities and difficulties for retailers looking to operate in Nigeria, in a speech to WRC Africa. Nigeria provides a huge market and potential… Mthunzi underlined the size of opportunity provided by Nigeria: it is a market of more than 170 million people and home to ‘ one of the world’s fastest-gro...
11 November 2013
Turkey-based discounter BIM has announced Q3 results for the period ending 30 September, saying that net sales rose 21% to TRY3.1 billion (US$1.5 billion) and like-for-like sales rising by 11.7%. New stores underpin sales growth BIM said that new stores helped support sales growth 63 net new stores added in Turkey, 16 in Morocco and three in Egypt during the quarter. The retailer said that ...
11 November 2013
In two separate announcements, South Africa-based Woolworths highlighted the opportunities and difficulties being faced by retailers looking to expand within Africa. Woolworths plans to exit Nigeria… Without setting a timeframe to complete it by, the retailer’s chief executive, Ian Moir, announced that Woolworths was looking to close its three stores in Nigeria. Woolworths opened its first st...