Africa & Middle East news & analysis

15 May 2013
SPAR has reported group turnover up 9.6% for the six months ended March 2013, driven by a strong performance from liquor stores. Tops liquor is standout performer Tops' wholesale turnover grew by 18.2%, and 25 new stores opened during the first half. Product inflation did have an effect however, at 7.9%. SPAR's combined food and liquor retail sales were up 10.2%, and 7.8% on a like-fo...
14 May 2013
Kenya-based Uchumi’s chief executive, Jonathan Ciano, has announced that the retailer will open a further 13 stores in east Africa in the next year. Cash call to fund growth Ciano said that the company is preparing a cash call and a cross listing of its shares to enable it to invest in markets across the region. Uchumi will list shares on bourses in Rwanda, Tanzania and Uganda to generate fun...
13 May 2013
Marks & Spencer Al-Futtaim has announced plans to roll out a new store format and add stores across the region. UAE to remain focus in short term Marks & Spencer Al-Futtaim said that the new store format includes better product segmentation a stronger emphasis on the retailer’s fashion sub-brands, like Autograph and Indigo, and further distinctions between product categories, supported by ...
09 May 2013
Turkey-based discounter BIM has announced first quarter results saying that sales had risen by 15.1% to TRY2.8 billion (US$ 1.6 billion). Average basket size grows BIM said that like-for-like sales increased 5.8%, while the average basket edged up 1.8% to TRY10.98 (US$6.08), underlining how the retailer continues to advance its performance in the market. Store growth aids sales developme...
07 May 2013
Kenya-based Nakumatt has announced plans to target the country’s outdoor events through the use of a store that is able to be transported throughout the country on the back of a truck. ‘Nakumatt on Wheels’ brand to be launched in June The retailer said that the 200 square feet, containerised store will be developed and housed in a 20 foot shipping container and will be first seen at an off ro...
07 May 2013
Botswana-based Choppies has, according to the country’s Competition Authority, applied to wholly acquire local rival SupaSave. Acquisition to bolster Choppies’ operations Choppies’ proposal is for it to acquire SupaSave and its sourcing and supply subsidiary MegaSave. If accepted, the acquisition will add six stores to Choppies’ existing operations in Botswana. Competition Authority seeks ...
29 April 2013
Pick n Pay has announced plans to extend its partnership with BP in South Africa and Mozambique, which will see the expansion of its Express convenience store concept on BP forecourts. Investment to occur over five year period The companies said that the addition of 120 Express stores would require an investment of ZAR2.7 billion (US$296.4 million) over the next five years, with 40 stores s...
29 April 2013
Two retailers have announced plans to grow their presence in the UAE, Carrefour through an expansion of its existing operations and Gulfmart through entry into the market. Gulfmart to enter UAE Gulfmart, which operates stores in Bahrain and Kuwait, has entered the UAE market with the opening of a 6,000 sq m hypermarket in Sharjah. The price-oriented retailer, as of April 2013, runs 20 store...
23 April 2013
Pick n Pay has reported turnover growth of 7.1% for the year ended 3 March 2013, to USD6.5bn, with gross profit up 5.3%. 'We failed to turn sales into sufficient profit' Despite the sales and profit growth, Pick n Pay feels this performance is not up to its standards. The retailer sold more product and served more customers during the year, however heavy investment in the business improv...
12 April 2013
Kenya-based Uchumi has announced plans to enter the new markets of Rwanda and South Sudan during 2013. Retailer investigates opportunities for new stores and markets Uchumi’s chief executive, Jonathan Ciano, said that the retailer was planning to add six new stores, to its total of 27 as of April 2013 – in the next six months, while also looking for a chance to expand into Rwanda and South Su...