South Africa news

19 May 2015
As Walmart reports its first quarter results, we review its performance and the outlook going forward. The top line numbers Walmart's net sales decreased by 0.1% in the first quarter to $114.0bn, mainly as a result of a 6.6% decline in international sales which were impacted by foreign currency. Sales in its US stores and Sam's Club increased by 3.5% and 1.2% (ex-fuel) respectively, with U...
12 May 2015
Netherlands-based SPAR International has announced that its global retail sales reached €31.9 billion, driven by the retailer’s entry into 10 new markets. At the same time as the results announcement, SPAR International said that after 22 years as managing director Dr Gordon Campbell would be stepping down from the role. New market entries drive growth SPAR International said that its like-...
28 April 2015
As Clicks discusses another period of positive revenue growth, Nakumatt and Pick n Pay examine expansion opportunities and Massmart updates on its sales performance, we round up news from the region. Clicks to continue expansion following strong H1 results South Africa-based beauty and pharmaceutical retailer Clicks has said that it will be maintaining its focused strategy of store openings...
22 April 2015
As Carrefour’s franchisee for a number of markets in the region, CFAO, builds its sourcing network in Cote d’Ivoire, the Sefalana Group discusses the improvements it has made at Metro Namibia since acquiring it in 2014, Pick n Pay announces its full year results, spotlighting its tight control on costs, and the regional director for strategy and operations at Nakumatt, Thiagarajan Ramamurthy, dis...
21 April 2015
South Africa-based Pick n Pay has announced full year results for its 2015 financial year ending 1 March 2015, saying that turnover rose 6.1% to ZAR66.9 billion (US$5.5 billion). The retailer said that trading profit was up by 22.9% to ZAR1.24 billion (US$102.7 million), with its trading profit margin rising to 1.9%, from 1.6% in the previous year, aided by a strong focus on costs. Pick n Pay sai...
20 March 2015
Botswana-based Choppies has announced results for the first half of its 2015 financial year saying that revenue rose 20% to BWP3.0 billion (US$299.4 million), driven by the addition of new stores and same store sales growth of 5%. Growth across all markets Choppies said that while revenue rose 20%, gross profit was up 21%, to BWP644.0 million (US$64.1 million), aided by an improvement in gr...
19 March 2015
In increasingly competitive environments, retailers and manufacturers are looking to offer innovative promotions in order to stand out from the crowd. In this article, IGD senior retail analyst Harriet Cohen highlights five of our favourite promotions from 2014, and those that we think are likely to extend into 2015. Har...
05 March 2015
As Massmart and SPAR Group announce results, for different time frames, Food Lover’s Market spotlights the widening of its agreement with Waitrose and Pick n Pay discusses how it is differentiating with its loyalty programme, we round up news from the country. Massmart confirms sales rose 10.4% in FY2014 Massmart, in which US-based Walmart owns a majority stake, has confirmed that it enjoy...
25 February 2015
South Africa's leading grocery retailer has reported a 12.5% increase in total turnover and an 11.6% rise in trading profit for the six months ended December 2014. Growth comes against a background of a slowing economy, disruptions caused by erratic power supplies and slow disposable income growth. Double-digit growth for South African supermarkets Supermarkets in South Africa reported sale...
19 February 2015
Walmart's net sales increased by 1.4% in the fourth quarter to $130.7bn, with sales in its US stores and Sam's Club divisions increasing by 4.1% and 1.3% respectively. International net sales were down 3.9%, impacted by currency. Consolidated net income attributable to Walmart increased by 12.1% to $5.0bn. For the full year, net sales increased by 1.9% to $482.2bn, with consolidated net income...