Africa & Middle East news & analysis

23 October 2013
In the first six months of its financial year, South Africa-based Pick n Pay has announced that group turnover rose by 6.2% to ZAR30.1 billion (US$3.1 billion), aided by new stores, its operations outside its home market and surging online sales. Turnaround strategy appearing to bear fruit Pick n Pay has implemented a turnaround strategy in its home market of South Africa in an attempt to lim...
21 October 2013
Kenya-based Nakumatt, in separate announcements, has said that it is continuing to look for expansion opportunities, while also aiming to target new markets. Expansion to continue Nakumatt’s managing director, Atul Shah, said that it remains committed to opening new outlets in the region as it added a new store in Uganda’s capital city, Kampala. Shah said that Nakumatt was aiming to add two s...
17 October 2013
Carrefour has reported a 2.7% sales increase in Q3 2013, with all formats in the key French market posting growth, and international sales up 3.8% at constant exchange rates. For the nine month period, sales were up 1.8% at constant exchange rates. Improvement in France Although sales were up across all formats in France, in spite of the effect of a drop in petrol prices, convenience a...
17 October 2013
Metro Group has announced that it has met its sales target for its short financial year, running from 1 January to 30 September 2013, with sales of €46.3bn. 'We are on the right track' says CEO Metro's sales for the short year* were slightly below the 9M 2012 level of €47.4bn, due to difficult trading conditions in Europe, the sale of Real in eastern Europe and negative currency effects. ...
16 October 2013
Massmart’s chief executive, Grant Pattison, said that South Africa’s shoppers were under growing pressure on the sidelines of the Consumer Goods Council of South Africa summit. Slower spending due to a number of reasons Pattison was quoted as saying: “ The pressure on the consumer is increasing and it seems to be related to rising energy inflation and unsecured lending being pulled back .” Th...
16 October 2013
At its annual investors meeting this week, Walmart provided an update on the strategic priorities for its US stores operation, Sam’s Club, international, global e-commerce and the business as a whole. We outline the key takeaways from this important update. Building a unique market-based ecosystem in the US to capitalise on in-fill opportunities Walmart has identified a number of markets i...
14 October 2013
Following our relaunch earlier this year, we've added more features to our Retail Analysis service. Here are three of our favourites: Easier viewing of slide decks online  We've launched a new way to look at store visits and insight presentations that's quicker, easier and better optimised to tablets. Instead of downloading presentations, you can now view slides simply by clicking on the...
14 October 2013
Casino has reported sales of €11.8bn for the third quarter of 2013, up 0.1% year-on-year, with sales in France up 8.1% and down 5.2% internationally, where they were hit by unfavourable exchange rates. Recovery at Géant in France Price cuts had a greater impact in the third quarter than in the second however sales at both Casino supermarkets and Géant "rose significantly". The full conso...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...
08 October 2013
South Africa-based Pick n Pay has launched an app that offers the same solution as that provided through its in-store Smart Shopper kiosks. App builds on existing expertise Discussing the launch, the head of the retailer’s digital team, Georgina Muirhead, said that the app would enable shoppers to ‘ switch points and receive a code to give to the teller to redeem points you have converted to ...