All Africa articles – Page 3
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News
Massmart to acquire Pupkewitz Megabuild
South Africa-based Massmart has announced the acquisition of Namibian DIY retailer Pupkewitz Megabuild for an undisclosed price. The deal, which is part of Massmart’s ambition to expand further into Africa, has been approved by Namibia’s competition authorities. Pupkewitz Megabuild operates 16 stores, employing 600 staff.
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News
Pick ’n’ Pay sales up 9.8%
South Africa’s second largest grocery retailer Pick ‘n Pay reported sales growth of 9.8% to ZAR54.7bn (£4.2bn) in its financial year ended February 28.Trading profit for the year slid 2.5% to ZAR1.65bn (£145.5m), as margins were undermined by price cuts in basic foods. The retailer reported double-digit growth in fresh ...
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News
South Africa Woolworths launches own-label range
Woolworths has launched an own-label range called Woolworths Essentials.The range features core products across all food departments, as well as household cleaning products and toiletries. Launched in mid-March, the offer will grow to almost 200 items by the end of May 2010. The products will sell at prices up to ...
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News
Growth in Woolworths sales
Woolworths has announced in a preliminary statement that sales rose 9.3% in the 26 weeks to the end of 2009, increasing 4.4% on a like-for-like basis.Clothing and general merchandise sales grew 9.7%, while food achieved 8.9% growth.Less upmarket competitor Shoprite reported like-for-like sales growth of 6.4% for its first half ...
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