Spar Group reports double digit growth in full year profit to US$187m

SOUTH AFRICA – The Spar Group, a South African retail chain has reported double digit profit growth of 12.9% before tax to R2.8 billion (US$187.1m) for the full year ended September 2019. The listed retailer […]

Pick n Pay’s half year profits grow 19.8% as turnaround plan pays off

SOUTH AFRICA – South African retail chain, Pick n Pay has posted double-digits profit growth from 18.8% to 19.8% gross profit margin in the six months to end September following its turnaround strategy. Group trading […]

Pick n Pay opens next generation store concept to consolidate market presence

SOUTH AFRICA – Pick n Pay, supermarket chain store in South Africa has opened the refurbished-On Nicol store, in Johannesburg, strengthening the retailer’s Next Generation store concept aiming to attract more affluent consumers as retailers […]

Naivas widens footprint at the Coast of Kenya with 56th branch

KENYA – Kenyan retail chain Naivas supermarkets has opened its 56th branch in Kenya’s Coastal region, Mombasa’s Central Business District, as part of its expansion plan targeting other regions outside Nairobi where most of its […]

South African retailer Spar expands initiative to cut plastic use in Eastern Cape

SOUTH AFRICA – The Spar Group, a South African retail chain, has launched the second phase of its Eastern Cape campaign to reduce the use of plastic as part of its efforts to promote a […]

Ethiopian agricultural agency to invest US$21.4m in establishing retail outlets

ETHIOPIA – The Agricultural Transformation Agency (ATA) in Ethiopia has unveiled that it will be setting up about 200 agricultural inputs retail outlets, at an estimated investment of US$21.4 million (624 million Br). The agency […]