Africa & Middle East news & analysis

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 , ...
25 July 2013
UAE-based LuLu has announced that it will open its 106th hypermarket in the region in Ibri, Oman. New store builds on retailer’s regional presence LuLu said that the new store will measure nearly 14,000 sq m, stock about 45,000 products and, as with its operations elsewhere, be supplied by local manufacturers. Discussing the company adding a store in Oman, its managing director, Yusuffali ...
24 July 2013
Egypt-based Spinneys has announced that it is going to start operating a loyalty card in conjunction with Lebanon-based businesses. Tie up to reward shoppers Spinneys said that the first shoppers to enjoy the new benefits will be employees of Banque Libano-Française and LibanPost and enable them to collect 15 points for every LBP15,000 – about US$10 – rather than 10 points for the standard ca...