Tag: Retail

A.T Kearney’s retail development index finds economy development, trade policy greatest factors influencing global retail growth

Food Business Africa

AFRICA— A.T. Kearney’s Global Retail Development Index (GRDI)reveals that economic development and trade policy remain the largest factors in shaping retail growth in consumer markets. While social media and e-commerce fuel the evolution of global […]

Nigeria’s ranking in AT Kearney’s global retail index for developing country drops

Food Business Africa

NIGERIA – Nigeria’s ranking in the global retail development index dropped in 2019. A report by global research firm, AT Kearney, showed that the country moved three steps downward from the 27th position recorded in […]

South African retailer Checkers launches online grocery delivery platform

Food Business Africa

SOUTH AFRICA – Checkers, a consumer goods retailer owned by Shoprite, has launched its on-demand one-hour grocery delivery service app, Sixty60, after months of testing. Billed as SA’s first 60-minute grocery delivery service from a […]

Kauai extends its healthy food brand into retail partnering with Pick n Pay

Food Business Africa

SOUTH AFRICA – Kauai, a health food restaurant, has extended its brand into retail with the launch of range of healthy frozen ready-to-eat meals, sides and smoothies in partnership with Pick n Pay. The Pick […]

Competition Commission of SA orders retail chains to cease enforcing exclusivity clauses in mall leasing

Food Business Africa

SOUTH AFRICA – The Competition Commission of South Africa has recommended South African shopping centres to cease their exclusive leases with the country’s biggest supermarket chains. The move is in accordance to findings of a […]

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

Food Business Africa

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

Food Business Africa

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

Food Business Africa

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 […]