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28 Mar 2017
South Africa-based Pick n Pay has said that it will invest ZAR500m (US$39.8m) in lowering the prices of more than 1,300 essential products. The investment in
28 Mar 2017
After a period of speculation, Amazon has reached an agreement to acquire UAE-based, pure ecommerce retailer Souq.com. Souq.com is the largest online retailers in the Middle
17 Mar 2017
As Morocco-based Label’Vie and Qatar-based Al Meera announce full year 2016 results and, in Egypt, Spinneys and Tawfeer for Food Products discuss expansion plans, we round
16 Mar 2017
As Shoprite Nigeria starts a marketing campaign to spotlight its local buying, Uchumi announces its H1 results and Nakumatt receives a capital injection, we round up
15 Mar 2017
Botswana-based Choppies has announced first half results saying revenue rose 34% to BWP4.7 bn (US$445.4m), driven by a 37% increase in stores, to 202, and
10 Mar 2017
France-based Auchan has announced full year results saying that consolidated revenue, excluding taxes, rose 0.7% at constant exchange rates to €52.8 bn. In organic terms, Auchan
9 Mar 2017
Leading Turkish retailer BIM has reported a 15.2% increase in revenue to TRY20.1bn (€5.1bn) for 2016. Turkey represents the largest share of sales, while expansion in
1 Mar 2017
Steinhoff International has reported positive Poundland results for the three months ended December 2016.
24 Feb 2017
South Africa-based, Walmart-owned Massmart has said total sales rose 7.7% to ZAR91.3 bn (US$7.1 bn) in 2016, despite a challenging market environment in South Africa and
21 Feb 2017
We review Walmart’s fourth quarter and full year results, and the drivers behind its improved performance.
21 Feb 2017
South Africa-based Shoprite has announced H1 results and confirmed expansion plans the day after talks between it and Steinhoff to create Africa’s biggest retailer collapsed.
15 Feb 2017
Kenya-based Nakumatt has announced several initiatives as part of its turnaround programme. We round up the steps the retailer has taken.
15 Feb 2017
As SPAR Group and Sefalana announces financial results and Tuskys ties up with Jumia, we round up news from the region.
14 Feb 2017
BIM recently stated that the executive board were authorised to begin research work on the Iranian market to define its investment potential and the opening
8 Feb 2017
As SPAR Oman and LuLu set out expansion plans and Majid Al Futtaim adds a ‘Healthy Kitchen’ section at a store in the UAE, we round
2 Feb 2017
As Carrefour launches a delivery service in Kenya and its rivals Uchumi and Nakmuatt discuss the challenges they are facing, we round up news from the
31 Jan 2017
UAE-based Majid Al Futtaim, which has the Carrefour franchise for 38 countries in the Middle East, Africa and Asia, has said revenues at its Retail division
30 Jan 2017
After announcing mixed results as part of its 2016 annual results, when it said like-for-like sales fell by 4.5%, Botswana-based Choppies has said that it
24 Jan 2017
Saudi Arabia-based Panda Retail Company, part of the Savola Group, has announced fourth quarter and full year results, saying store expansion had offset a contraction in
24 Jan 2017
As online competition rises in Iran, Spinneys, Al Meera, Fathima Group and LuLu expand, we round up news from the region.
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