Africa & Middle East news & analysis

08 April 2013
Kenya-based Nakumatt’s managing director, Atul Shah, has said that the retailer is looking to raise as much as US$50 million to open new stores over the next four years. Expansion to take Nakumatt into new markets Shah said that the retailer wants to add a further five stores and expand into two new countries. Shah was quoted as saying: “ We are in the process of opening four additional store...
08 April 2013
Spinneys’ chief executive, Michael Wright, has told Arabian Business that the Lebanon-based retailer will launch online during 2013. Online operations to start in Lebanon Wright said that the launch of an online service in all the markets Spinneys operates in – Egypt, Jordan, Lebanon and Qatar – will enable shoppers to order online and then have goods either delivered to their home or made ...
28 March 2013
Majid Al Futtaim Properties has announced that it will open the Beirut City Centre shopping centre in April, a development that will see the first Carrefour hypermarket opened in Lebanon. Hypermarket to be part of mixed development The shopping centre will see the opening of 40 new brands in Lebanon for the first time, including Carrefour . Commenting on the centre’s opening, of Majid Al Fut...
27 March 2013
Walmart has announced plans to test in-store lockers for products ordered online in the US. This was among a number of new initiatives highlighted at its e-commerce media day held at its global e-commerce head office in San Bruno, California. Lockers offer added convenience The test of the lockers forms part of a broader plan by Walmart to integrate its physical stores with its online ...
14 March 2013
Sonae has reported group EBITDA down 0.3% for the year ended December 2012, but growing recurrent EBITDA for its food retail business.  Increased efficiencies boosted market share Despite the difficult macroeconomic environment, and reduction in private consumption mentioned in its full year sales announcement , Sonae said it became more efficient in 2012 and gained market share.  Commen...
13 March 2013
Botswana-based Choppies has opened a new store in Brits, in the North West province of South Africa. New store to target low income shoppers The 4,300 sq m store is said to be the company’s first hypermarket in the region and will enable it to expand its non-grocery ranges. The company will target shoppers in the LSM3 to 7 brackets with as wide a range as possible at competitive prices. St...
12 March 2013
South Africa-based Woolworths has announced plans to expand the range of products it carries at its supermarkets as part of a wider enhancement of the retailer’s stores. New initiatives to support on-going strategy The retailer said that it was looking to extend its ranges, add 2,000 new SKUs, offer more branded goods, invest in price and expand space in order to better meet the needs of its ...
07 March 2013
Carrefour revealed solid full year sales of €76.8bn, a 0.9% increase year-on-year, but there's hard work ahead to drive growth in 2013. Reducing its debt by divesting of operations in non-core markets and seeing more than three-fold increase in net profit to €1.23bn marks the start of a new strategic phase for the retailer. Improvements in the domestic market In France Carrefour delive...
06 March 2013
Turkey-based BIM has revealed that net sales rose by 21%, reaching TRY9.9 billion for its 2012 full year. The company’s pace of sales growth slowed during its fourth quarter, relative to the full year, reaching 16%. Company maintains strategy in Turkey In 2012, BIM continued to build its store portfolio, adding 366, against a target of 400, to reach 3,655. BIM also said that during the ye...
01 March 2013
South Africa-based Massmart, in which Walmart has a stake, has said that during the six month period ending 23 December sales rose by 14.7% to ZAR36.2 billion. Growth seen across all operations The company said that comparable sales were up by 7.3% during the timeframe, aided by an average inflation rate of 3.7%. At a divisional level, Massmart said that its Massdiscounters division had seen ...