Africa & Middle East news & analysis

24 July 2013
Speaking at Fortune's Brainstorm Tech conference, Neil Ashe, CEO of Global E-commerce at Walmart, said that the success of its multichannel initiative will be defined at a point when the retailer does not care where its sales come from. “Success is when we don’t care. An ultimate measure of success is when you decide you want to buy something from Walmart, and we don’t care if you buy it on y...
22 July 2013
Announcing preliminary full year results for the 53 weeks ending 30 June 2013, South Africa-based Woolworths said that sales rose by 23.2% to ZAR35.2 billion (US$3.6 billion). The retailer noted, though, that excluding the additional week, sales rose only 21.3% to ZAR34.7 billion (US$3.5 billion). Food is driving growth in sales Woolworths, which is predominantly a general merchandise retaile...
20 July 2013
IGD has launched a new look Retail Analysis service, which is easier to use and adds new functionality and benefits. You'll notice new features across the site - but here are our three favourites. 1. A new, insight-rich home page You've probably seen this one already. We've brought together more of our news onto our homepage, and added in more information about our latest, must-see insig...
17 July 2013
Dubai’s Department of Economic Development (DED) has launched a website that enables shoppers to compare a limited list of prices. Site to provide shoppers with convenience The DED has said that the site – www.sallety.ae – will be improved over time, with more products added as time goes on. However, the initial launch enables shoppers either on a computer or through their smartphone to check...
17 July 2013
South Africa's leading grocery retailer, Shoprite, has reported turnover growth of 12.1% for the 12 months to June 2013, in its preliminary trading update. Continued pressures on income reflected in sales slowdown Turnover for the full year was around ZAR92.7bn, with like-for-like growth of 5.8%. Shoprite reported lower food inflation for the 2013 period, 4.3% compared to 4.9% for 2012....
17 July 2013
The chief executive of Kenya-based Uchumi, Jonathan Ciano, has discussed the retailer’s expansion plans for Tanzania. Uchumi to expand ‘nationwide’ Speaking at an event in Tanzania, Ciano said that Uchumi wanted to expand its store presence ‘countrywide and reach potential customers where they are’. In the short term, this will see stores added in Dar es Salaam and then on to the regions of D...
11 July 2013
With different stories making the headlines in two Middle East markets, we round up stories from Qatar and Saudi Arabia. Al Othaim appoints new chief executive Saudi Arabia’s second largest grocery retailer, Othaim, has announced that it has appointed a new chief executive, Youssef Mohamed Al-Gafari. The retailer said that Al-Gafari had long term experience across a number of industries, incl...
10 July 2013
Walmart-owned, South Africa-based Massmart has announced preliminary financial results for the 26 week period saying that total sales rose by 8.9%, while comparable sales were up by 5.5%. Strong growth across all operations Massmart said that it had enjoyed sales growth across all its divisions, boosting sales to ZAR32.3 billion (US$3.2 billion). The retailer reported that total and compara...
05 July 2013
In an interview with Commerce Du Levant, the chief executive of ADMIC, Casino’s Lebanon-based franchisee, Michel Abchee, discussed his company’s opening of five Monop’ convenience stores in Beirut. First store producing positive results Abchee said that the first Monop’, which was opened in May 2013, was generated ‘ positive results ’. He said that the brand was differentiating itself from co...
02 July 2013
Carrefour’s franchisee for the Middle East, Majid Al Futtaim, has announced plans to invest AED3 billion (US$816.6 million) in expanding a number of its businesses in the market, not just retail. Investment follows ‘return to growth of the Dubai market’ Majid Al Futtaim said that it would invest in building hotels, expanding two of its shopping centres in Dubai, with AED96 million (US$26.1 ...