Africa & Middle East news & analysis

11 November 2013
Qatar-based Al Meera has announced plans to continue expansion in its home market. Seven stores to be added Al Meera announced that it had signed an agreement to build seven new stores. Discussing the new stores, the company’s chief executive, Guy Sauvage, said: “ The goal of our expansion is to make everyone very close to Al Meera stores everywhere in Qatar before the end of next year. Al Me...
11 November 2013
In an interview with Arabian Business, the managing director of EMKE Group, which owns LuLu, M A Yousuf Ali, said that the retailer was aiming to add 42 hypermarkets by the end of 2015 in existing and new markets. Expansion to continue in existing markets… Yousuf Ali said that the retailer was aiming to add to its 104 stores in the Middle East by opening seven new hypermarkets in the UAE, six...
29 October 2013
South Africa-based Shoprite has announced a trading update covering the first three months of its financial year, saying turnover was up by 10.2%, driven by its operations outside of its home market. South African shoppers ‘under increasing pressure’ Shoprite said that sales in South Africa rose by 8.3%, even though the retailer noted that market conditions had worsened, with shoppers coming ...
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...