Woolworths Holdings news 

10 June 2016
As South Africa-based Massmart and Zimbabwe-based OK Zimbabwe announce results, Botswana-based Choppies finally entered the Kenyan market and Engen broke through the 600 store mark for its Quickshop brand, we round up news from the region. Massmart to expand in 2016 as sales grow As it announced that group sales had risen 9% during the first 21 weeks of its financial year, Massmart said tha...
08 April 2016
With South Africa facing a confluence of issues, some globally driven, others more local, the country has had these accentuated by the political difficulties that have built up around its President, Jacob Zuma, over the last year. Although the short term appears clouded by a variety of challenges, retailers and suppliers are more upbeat about their longer term growth prospects. ...
15 February 2016
South Africa-based Woolworths Holdings has announced its first half results, with its chief executive discussing the potential for it to target a ‘gap’ in the Australian food market. Group sales rise 17.1% Announcing a trading update for the first half of its financial year, Woolworths (SA) said group sales rose by 17.1%, while excluding the effect of the purchase of Australia-based David J...
15 February 2016
The Australian department store business is set to roll out a grocery offer into the market, targeting what it describes as a 'gap' in the market. Offer will focus on prepared and ready-to-go fresh food The department store that was purchased by Woolworths South Africa last year, is planning on offering a fresh and high quality grocery offer that will target the prepared meal and food-to...
18 January 2016
After South Africa-based Woolworths, Massmart and Shoprite report results for differing time frames, we round up how they have performed. Woolworths (SA) maintains positive growth in H1 Woolworths (SA) said that group sales rose by 17.1% in its first half at a group level, while they rose by 12.3% excluding the benefit of its acquisition of Australia-based David Jones. As with other recent ...
16 December 2015
As South Africa-based Food Lovers Market receives investment from a private equity firm; Botswana-based Choppies and Kenya-based Nakumatt maintain their expansionist strategy and Shoprite collaborates with Uber for its Black Friday promotion, we round up news from the region. Food Lovers Holdings receives investment from private equity firm Food Lovers Holdings has obtained ZAR760m (US$50.5...
17 November 2015
As South Africa-based Shoprite said it was on track to meet its store opening target for its current financial year, OK Zimbabwe revealed half year results and Uchumi’s chief executive reaffirmed the retailer’s long term aims, we round up news from the region. Shoprite continues expansion programme As part of the retailer’s AGM, South Africa-based Shoprite has said that it is on track to me...
09 September 2015
As Kenya-based Uchumi and Botswana-based Choppies announce divergent statements about their financial performance in the last year and Woolworths (SA) appoints a new chief executive for its operations in South Africa and Africa, we round up news from the region. Woolworths (SA) appoints new CEO for South Africa Woolworths (SA) has said it has appointed Zyda Rylands as chief executive of it...
01 September 2015
As Uchumi appoints new a CEO and COO, Massmart and Woolworths (SA) report on their recent sales performance and the latter is set to add healthy checkouts, we round up the news from the region. Uchumi selects new CEO and COO Kenya-based Uchumi has appointed a new CEO, Julius Kipngetich, who joins from Equity Bank, following the exit of the previous incumbent, Jonathan Ciano, in June, and CO...
28 July 2015
As Shoprite sells its two stores in Uganda to Nakumatt exiting the country, OK Zimbabwe sees net sales fall in its first quarter and Pick n Pay announces plans to expand in South Africa, we round up the news from sub-Saharan Africa. Nakumatt to buy Shoprite’s two stores in Uganda Kenya-based Nakumatt has said that it is in the final stages of the acquisition of Shoprite’s remaining two stor...