Retail
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Troubled Tuskys exists home town signifying end of an era
KENYA – Troubled Tuskys supermarket has exited Nakuru county, its birth place with the closure of the last branch. The closure is the proverbial last…
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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 for the 52 weeks ended December 27 fell 7.7% to…
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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 spree with the chain store seeking to open a new…
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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 business recovery package worth over US$150,000, under their joint program…
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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 strategies to align with consumers’ changing shopping habits across the…