Africa & Middle East news & analysis

03 September 2013
Kenyan retailer Uchumi has reported a 2.3% increase in sales for 2013, and a 20% increase in pre-tax profit. Sales and profits grew despite challenges In its results statement, Uchumi said it had been affected by challenges such as the euro debt crisis, general elections in Uganda and Kenya, devolution, a public spending freeze and high cost of living. The retailer continues to follow it...
29 August 2013
Woolworths (South Africa) has reported group operating profit up 29.1% for the full year ended June 2013, and confirmed the 23.2% rise in turnover reported at its preliminary announcement in July. Woolworths Food sales grow ahead of market In the second half, despite pressures on South African consumers, group sales continued the strong sales trend begun in the first half. They were ad...
29 August 2013
Carrefour has reported net sales growth of 1.4% for the first half 2013 and recurring operating income growth of 7.7% (both at constant exchange rates). 'Much improved performance' in France offsets weakness in southern Europe Sales in France came in at -0.3%, with food sales remaining firm. Recurring operating income was up 75.4% and Carrefour said profitability was good in all form...
28 August 2013
SPAR South Africa is planning to open a store in Angola in the next six months, with a local partner, according to press reports quoting the group's financial director. Store will open in Angolan capital, Luanda Speaking to Bloomberg, the retailer's finance director Mark Godfrey said SPAR  was working with an unnamed Angolan partner to open a store in the country's capital. He was quoted:...
22 August 2013
Walmart's South African business, Massmart, has released consolidated first half results today, confirming the 8.9% growth in sales revealed in July, and talking about its strategic priorities. Five strategic priorities for next three years Following the completion of an annual review process, Massmart has outlined five priorities for the coming three year period: Adjust future i...
21 August 2013
South Africa's grocery market leader, Shoprite, has reported trading profit growth of 15.6% for the year ended June 2013, above the turnover growth of 12.1% reported in a trading update released on 17 July. Trading profit tops five billion rand for first time Shoprite's trading profit has broken the ZAR5bn mark for the first time in its history. This also boosted trading margin to 5.8...
21 August 2013
The Middle Eastern market is quietly forging ahead and presenting interesting opportunities for consumer goods companies that are watching closely... While a number of emerging markets have been capturing the headlines for the last few years, countries in the Middle East have been quietly becoming more important and interesting for retailers and suppliers alike. With a population that is ...
15 August 2013
SPAR has entered the forecourt sector by opening a SPAR Express at a Shell petrol station in Germiston, near Johannesburg. First forecourt store opens near Johannesburg The new store offers customers the convenience of 24-hour shopping at a petrol station. ‘We see the forecourt convenience space as a great opportunity to highlight the fresh and convenient offer of our brand’, Bill Brown, ...
30 July 2013
After enjoying a period of strong online growth – that has seen the number of shoppers using the service double – Woolworths (South Africa) has announced that it is improving its digital offer. New site to offer retailer’s full range The retailer’s new web site is said to provide ‘a fresh look and a number of new features’. Commenting on the revamped site, Woolworths’ head of online, Nikki Co...
25 July 2013
The UAE-based operator of Carrefour’s hypermarkets and supermarkets in the Middle East has announced a first half trading statement that showed sales at its retail business unit rose by 9% to AED9.2 billion (US$2.5 billion). Company highlights milestones reached during H1 During the first three months of 2013 Majid Al Futtaim acquired the minority share in its joint venture with Carrefour , ...