Troubled Tuskys exists home town signifying end of an era
KENYA – Troubled Tuskys supermarket has exited Nakuru county, its birth place with the closure…
Retail
Massmart reports 7.7% decline is full year sales despite slight improvement in fourth quarter
SOUTH AFRICA – Massmart, Walmart owned South African retailer has reported that its group sales…
Naivas takes over space left by financially struggling Tuskys supermarket to open 70th Branch
KENYA – Naivas Supermarket, Kenya’s largest locally owned retail store is continuing with its expansion…
Unilever, KCB and Mastercard partner to drive COVID-19 economic recovery among retailers
KENYA – Mastercard, Unilever and KCB Bank have pooled resources to provide retailers with a…
COVID-19 shocks on Nigeria’s retail sector to still shape its performance in 2021
NIGERIA – The coronavirus pandemic has caused retailers to retool their operational, merchandising, and marketing…
Shoprite taken to court by aggrieved workers in Namibia as it inches closer to its official exit from Kenya
NAMIBIA – Workers of giant retailer Shoprite in Namibia are hopeful things will turn in…
Pick n Pay steps in to rescue South Africa’s wine industry currently on its knees
SOUTH AFRICA – South African retailer Pick n Pay has announced its commitment to purchasing…
South African food retailers brought home the bacon with onset of COVID-19
SOUTH AFRICA – Food retailers in South Africa are seen to be the biggest winners…
Blue Investment Holding acquires 35% stake in Moroccan grocery retailer BIM
MOROCCO – Blue Investment Holding owned by Helios Investment Partners, a private equity fund manager…
Nestle supports informal retailers in Africa with working capital to keep them afloat
AFRICA – Nestle has partnered with South Africa based fintech platform Nomanini and Standard Bank,…
Carrefour Kenya ventures into Coastal Kenya opening a new store
KENYA – French retailer Carrefour, has made a debut in Kenya’s second largest city, Mombasa…
B2B online supplier Sokowatch deploys use of electric three wheelers in delivery
EAST AFRICA – East African retail tech start-up, Sokowatch has commenced the use of electric…
Zimbabwean retailer OK reports 33% decline in half year profit impacted by COVID-19
ZIMBABWE – Listed supermarket chain, OK Zimbabwe Limited’s profit slumped 33% to ZWL$999.5m (US$2.7m) in…
Egyptian ecommerce platform ExpandCart raises US$2m in Series A funding round
EGYPT – Egyptian based Arabic eCommerce platform, ExpandCart, has raised US$2.5 million in a Series…
Naivas supermarket expands footprints in Kenya’s capital
KENYA – Kenyan retail chain Naivas Supermarket has announced the opening of two more stores…
Choppies resumes trading on its secondary listing JSE after 2 years ban
SOUTH AFRICA – Botswana based retailer, Choppies Enterprises Limited has resumed trading on the Johannesburg Stock…
Walmart to sell majority stake in Japanese supermarket Seiyu to KKR and Rakuten
JAPAN – American multinational retail corporation has announced plans to sell a majority stake in…
Carrefour set to open fourth outlet in Cameroon in expansion spree
CAMEROON – French retail group Carrefour in partnership with CFAO retail is planning to open…
Nigeria’s indigenous food restaurant So Fresh marks 10th anniversary with opening of 10th outlet
NIGERIA – Nigeria’s pioneer and leading indigenous food chain restaurant, So Fresh Neighbourhood Market, has…
Kenya’s shopping malls feel the heat as retailers exit market
KENYA – Shopping malls in Kenya are feeling the pinch from the folding of a…
Starbucks to expand footprints in South Africa with 8 new stores
SOUTH AFRICA – Multinational chain of coffeehouses, Starbucks plans to open eight new stores in…
Ocado to acquire two robotics companies to accelerate order delivery
UK – British online grocery retailer Ocado has announced plans to buy two robotics companies…
California Pizza Kitchen fights to regain selling rights to frozen line from Nestlé
US – Struggling US restaurant chain California Pizza Kitchen is making efforts to regain rights…
Tesco partners Manna to launch drone deliveries in Ireland
IRELAND – Tesco, one of the world’s largest retail chain, has partnered with Irish start-up…