Retail
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Lulu Group plans to construct US$361.43m mall in Ahmedabad
INDIA – UAE-based Lulu Group International is set to invest Rs 3,000 crore (US$361.43m) in setting up India’s biggest shopping mall at Ahmedabad, marking an…
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Kroger dedicates US$24.6bn to acquire Albertsons to form second largest supermarket chain
US – American retail company, Kroger, plans to cash out US$24.6 billion for the acquisition of the second-largest supermarket chain in North America, Albertsons. This…
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Massmart fails to find potential buyer for East, West Africa-based Game stores, mulls closure
EAST/WEST AFRICA – Restructuring South African retailer Massmart, has started the process of closing its Game stores in East and West Africa after failing to…
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Pick n Pay expects double-digit growth in half-year sales, profit on back of price hikes
SOUTH AFRICA – South African retailer, Pick n Pay has flagged double-digit sales and earnings growth supported by a strong performance from its value brand…
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Choppies reports 141% growth in full year profit coupled by rise in sales, cost management
BOTSWANA – The restructuring strategies put in place by Botswana retailer Choppies, continue to bare fruits as the company reported a triple digit growth in…