South Africa news

02 July 2014
We round up news from Fruit & Veg City, Pick n Pay, Nakumatt and Shoprite. Fruit & Veg City launches consumer foodservice concept South Africa-based Fruit & Veg City, meanwhile, has launched an in-house fast-food brand, Crispy Chicken, which the retailer said would be added at its FreshStop forecourt stores at Caltex service stations. Fruit & Veg City said it had opened a trial of the Crisp...
19 June 2014
As retailers set out investment plans for markets across sub-Saharan Africa; we round up news from Carrefour, Massmart, Nakumatt and Zimbabwe. Carrefour sets out expansion plans for Africa Carrefour has updated on its strategy for Africa, where it will expand under its joint venture agreement with CFAO. The two companies have confirmed that their first hypermarket will open in the Ivory Coa...
07 June 2014
Speaking at Walmart’s Annual General Meeting, the retailer’s President & CEO, Doug McMillon, outlined his vision for the company, focusing on being customer driven, investing in people and being at the forefront of innovation and technology. Picking up the pace of change to better focus on shoppers In what was his first AGM as CEO, McMillon delivered an upbeat and visionary message for Wal...
06 June 2014
IGD has been at Walmart’s Shareholders’ events in Bentonville this week, meeting with the senior leadership and visiting the retailers’ latest store concepts. This provided us with a great opportunity to see how Walmart is evolving its offer in response to key retail trends. Re-inventing the hypermarket with new technologies Technology products have been at the heart of Walmart’s aim to r...
02 June 2014
Walmart has promoted Shelley Broader to the role of executive vice president, president and CEO of Walmart EMEA, with responsibilities for the retailer’s operations and business development in Europe, the Middle East, Sub-Saharan Africa and Canada. One of Walmart’s three key international leads Ms. Broader had previously held the role of president and CEO of Walmart Canada since September ...
27 May 2014
SPAR International has announced its annual sales for 2013 saying globally sales rose by 4.1%, on a constant currency basis, to €32.2 billion, aided by ‘ sustained global expansion ’. Growth maintained by ‘ strategic focus ’ The retailer said that during 2013 it had enjoyed solid global growth as a ‘ result of a significant strategic focus for the brand on new and emerging markets ’ and put a...
21 May 2014
SPAR (South Africa) has announced interim results for the six month period ending 31 March saying turnover rose 7.6% to ZAR25.6 billion (US$2.5 billion), driven by its building materials division, where revenues increased by 11.3%. Rising competition affects food division The retailer said that turnover at its wholesale division, which supplies its stores, rose by 6.6% to ZAR20.8 billion (US$...
21 May 2014
South Africa has attracted a lot of attention from retailers and suppliers over recent years. However, with the country facing economic and social headwinds, its place as sub-Saharan Africa's largest economy taken by Nigeria's rebasing of its statistics, and regional country groups drawing interest, its crown appears to be slipping. Jon Wright was there to look at the factors affecting the grocer...
15 May 2014
Walmart’s net sales increased by 0.8% in the first quarter to $114.1bn, with sales in its US stores and Sam’s Club divisions increasing by 2.0% and 0.1% respectively. International sales were down 1.4%. Consolidated net income attributable to Walmart decreased by 5.0% to $3.6bn. The results: quick take With the focus inevitably falling on Walmart’s performance at home, with it registering ...
02 May 2014
The latest news from leading retailers in the region including South Africa-based Massmart’s positive trading update, Uchumi closing in on its entry into Rwanda and SPAR (South Africa)’s expansion in Botswana. SPAR (South Africa) to add stores in Botswana SPAR (South Africa) has announced that it is planning to acquire two stores in Botswana from Fruit & Veg City, which operate under the Food...