South Africa news

25 February 2014
South Africa-based Shoprite has announced first half results for the six month period ending December 2013. The retailer generated revenue worth ZAR51.09 billion (US$4.68 billion), with ‘ strong turnover growth in Africa beyond South Africa’s borders ’. Revenue growth slows in South Africa Shoprite’s revenue growth at a corporate level reached 9.7% in the first six months of the year. The pac...
21 February 2014
The latest news from leading players in the region: South Africa-based Shoprite and Woolworths, Botswana’s Choppies and Kenya-based Nakumatt. Shoprite signs up dunnhumby South Africa-based Shoprite has announced that it has signed a multi-year contract with Dunnhumby. The agreement will see dunnhumby apply its customer centricity solutions across Shoprite’s grocery businesses to help Shoprite...
20 February 2014
This week Walmart announced its fourth quarter and full year results. We take a look at five key takeaways and what they could mean for its suppliers. 1. Driving change in the business to increase customer relevance : Doug McMillon, commenting on his first set of results as President & CEO, spoke about making changes to improve the business, with a filter on increasing customer relevance. He ...
20 February 2014
Walmart's full year results, for the year to January 31, 2014, revealed consolidated net sales grew by 1.6% to $473.1bn. Consolidated net income attributable to Walmart fell by 5.7% to $16.0bn. The results in summary Given that Walmart had issued a trading update at the end of January there were no real surprises in these results, beyond the rapid expansion announced in small ...
20 January 2014
South Africa-based Shoprite has announced preliminary results for the six months ending December 2013 saying that its turnover rose 9.6% to ZAR51.0 billion (US$4.7 billion). Performance driven by international operations The retailer said that in South Africa sales grew by 7.6%, aided by internal inflation of 3.8%. Its stores outside of its home market, though, enjoyed faster sales growth, gr...
16 January 2014
South Africa-based Woolworths has announced a trading update for the 26 week period ending December 2013, saying comparable sales rose 8.8%. Positive results across all operations Woolworths said that in its home market food sales grew by 15.3%, aided by prices rising 7.2%, while comparable sales grew by 11.8%. In its operations outside South Africa the retailer said that it had grown its sel...
16 January 2014
South Africa-based, Walmart-owned Massmart has announced full year results for the 53 week period to 29 December 2013, saying total sales rose 9.7% to ZAR72.2 billion (US$6.6 billion). Growth seen across all divisions Massmart said that it had enjoyed sales growth in all its subsidiaries. The retailer said that, when comparing 52 week periods in 2013 and 2012, it had enjoyed total sales growt...
05 December 2013
Despite slow economic growth and poor monetary conditions in South Africa, the country’s retailers continue to look for expansion opportunities in their home market and across the region. Here we round up the recent news. Pick n Pay As part of the retailer’s aim to win market share, and its turnaround strategy, Pick n Pay has announced it is planning to add 64 stores by the end of February 20...
14 November 2013
Walmart’s Q3 results reveal continued weakness in its core US stores with total sales up 2.4%, and comp store sales, a key benchmark indicator, down 0.3%, in line with the previous quarter. Total and comp store sales at Sam’s Club were up 1.1%, while internationally, sales growth remains tough, up 0.2% in the quarter. However, all business units grew operating income ahead of sales. Tota...
13 November 2013
South Africa-based SPAR Group has announced full year results, for the year ended 30 September. It said that turnover had risen by 9.8% to ZAR47.4 billion (US$4.6 billion). Headwinds affecting growth SPAR noted that shopper spending was being ‘ constrained by unemployment, restricted access to credit and rising costs ’, which had led to it and other retailers engaging in ‘ strong promotional...