Retail
-
Majid Al Futtaim to inject US$15.9m into opening new Carrefour stores in Egypt
EGYPT – In Egypt, the food retail market is one of the most competitive and fast-growing sectors. While new players seek to enter the industry…
-
French retailer Carrefour to open shop in Israel in partnership with Electra
ISRAEL – French supermarket chain Carrefour is set to set up shop in Israel following the signing of a franchise agreement with Israeli company Electra…
-
Massmart reports marginal decline in total sales by 1.9% to US$5.4 billion
SOUTH AFRICA – Consumer goods distributor Massmart has reported a 1.9% decrease in total group sales for the 52 weeks ended December 26 2021 to…
-
Shoprite attains 10% growth in half year sales supported by home market
SOUTH AFRICA – South African retailer Shoprite has generated an additional R8.3 billion (US$540m) in sales versus the corresponding period to increase sales by 10.0%…
-
Quickmart takes battle to Naivas with Machakos branch as competitor opens 81st outlet in Nairobi
KENYA – QuickMart, Kenyan retailer majority owned by Mauritius-based private equity firm Adenia Partners, has opened its 50th outlet across the country in Machakos town,…