South Africa news

21 March 2018
South Africa-based Pick n Pay is focusing on finding new ways to increase shopper loyalty by offering value in different ways. We look at how it is doing this through the introduction of two separate developments: a stokvel account and Smart Shopper promotion. Grocery stokvel account Stokvel’s are savings societies where members contribute fixed sums of money to a central fund. At the end o...
01 March 2018
South Africa-based Shoprite continues to outperform its competitors, announcing positive H1 results. Revenue increased 6.3% to ZAR75.8 bn (US$6.5 bn), with like-for-like growth of 2%. This was driven by a strong performance at its South African supermarkets and a growing focus on its premium proposition. South African supermarkets driving performance Sales in South African supermarkets were...
01 March 2018
SPAR South Africa has released results for the 17-week trading period that ended on 27 January 2018. Sales increased 7% to ZAR33.8 bn (US$2.9 bn) and in like-for-like terms sales increase was 6.4%. We look at what drove this and SPAR SA’s focus for the future. Results driven by Tops Liquor The positive results came from all banners but were driven by Tops Liquor. Sales remained strong at +1...
20 February 2018
We review Walmart's fourth quarter and full year results along with the outlook for the year ahead. Walmart's key numbers Walmart's total revenue in Q4 increased by 4.1%to $136.3bn Ecommerce sales in the US up 23% Sales in its US stores and Sam's Club division increased by 3.4% and 3.3% respectively US comp store sales increased by 2.6%, broadly in line with the 2.7% growth reported i...
15 February 2018
Retailers in South Africa are increasingly seeing shoppers look for more convenient food options, as their lives become busier. At the same time, though, shoppers are struggling with reduced spending power, due to the challenging macroeconomic environment in the country. We look at how retailers are adapting their propositions to suit these different needs. Pick n Pay: premium dining in Pic...
07 February 2018
M-commerce is becoming increasingly important in Africa. We look at Zulzi, a South Africa-based grocery delivery app that is growing and attracting more investment. Combining personal shoppers and Uber drivers Zulzi began like Amazon as an e-commerce company selling books and electronics. In 2016 it launched a grocery delivery app to serve north Johannesburg. Since then the company has said...
29 January 2018
South Africa-based health and beauty specialist Clicks has reported continued strong growth as part of its FY results announcement and as part of a trading update for the 20 weeks to 14 January 2018. Promotional activity drives growth Clicks reported a 14.2% increase in sales in the 20-week period. Real volume growth was 4.8%, with comparable store sales at 7.5%. Selling price inflation was...
25 January 2018
We look at the latest updates from South African retailer Pick n Pay. This includes the appointment of a new retail managing director and the expansion of its spaza innovation programme. Growing the core South African business Pick n Pay has appointed a new retail managing director, Pedro Da Silva. Pedro has previously worked at Biedronka, where he was chief executive. His role in Pick n...
24 January 2018
South Africa-based Massmart has released its results for 2017. Its performance shows similar signs of difficult trading as other leading retailers have experienced, due to the challenging macroeconomic environment mainly in its home market. Results driven by non-food banners 2017 total sales increased by 2.7% to ZAR93.7 bn (US$7.6 bn). This was driven by new store sales, as comparable store...
18 January 2018
South African retailers Shoprite and Woolworths have released half year updates which highlight the challenging environment they are operating in. We look at these results in more detail and what 2018 will hold for the retailers. Woolworths: slow growth but strong food sales Woolworths group sales were +2.5% for the final six months of 2017. This fell under the inflation level of between 4%...