SUPERMARKET CHAIN NEWS ON FASTMOVING

Commercial property development in Kitale town is on a roll, with those splurging huge sums reaping big, thanks to growing demand for retail space. - See more at: http://www.the-star.co.ke/news/article-145255/retailers-snap-new-buildings-kitale-town#sthash.8AX5Q0mt.dpuf read more

Uchumi Supermarkets has pushed forward by a month its rights issue to January after delays in cross-listing on Uganda Securities Exchange and Rwanda's over-the-counter.  read more

The Naivas chain of supermarkets has opened a new branch, Mountain Mall, on the Thika superhighway. This is the chain's 29th store.  read more

On Carrefour’s second-quarter results, Gildas Aitamer, Retail Analyst at Planet Retail, commented:  read more

The South African supermarket chain, Shoprite, which invested its business in the country some years ago has dismissed recent speculations regarding the imminent closure of some of its stores and possible exit from Tanzania for good. read more

Choppies Enterprise Limited, the opaque retail store, issued a trading update earlier last month ahead of its two-year ambitious plan that will see its turnover hitting the US$ 1 billion mark (about P 8 billion) per annum. .  read more

Directors of the Uchumi chain of super markets are cautiously monitoring events in the local investment landscape as the company prepares to raise cash from its existing shareholders to fund its local and regional expansion drive.  read more

Kenya has experienced a boom in supermarkets, with the retail outlets rapidly expanding in suburbs and town across the East African nation as competition stiffens. read more

Uchumi, Kenya’s third largest retail supermarket chain, plans to use the additional funds it is seeking from its shareholders to finance regional expansion and refurbish its outlets.  read more

The Kobo Touch e-reader has been released in SA as part of an exclusive partnership between Pick 'n Pay and Kobo.  read more

Mike Cotterell, GM of online shopping at listed retailer Pick ‘n Pay, says the group continues to invest significantly in upgrading and improving its online shopping offering. read more

Supervalu Inc. (SVU), owner of the Albertsons and Save-A-Lot grocery-store chains, plans to close 60 stores as it copes with slumping sales. read more

Woolworths is passionate about the environment and, like many South Africans, we’re concerned about the impact of overfishing in our own waters as well as the global impact of overfishing. We’ve partnered with the Marine Stewardship Council and are proud to offer the widest range of Marine Stewardship Council certified fish in South Africa, from fresh lightly smoked mackerel and canned sardines to a wide variety of frozen hake. read more

Despite growing concerns over Zimbabwe’s continuing 51% indigenisation programme that has ruffled the feathers of foreign investors, South African retail giant Pick n Pay is expanding in Zimbabwe, with plans to open a new supermarket in Harare at the end of the month. read more

London - Tesco, the world's third-biggest retailer, has seen a drop in quarterly underlying sales in its main British market, it reported on Monday, showing its recovery plan following a shock profit warning in January is taking time to gain traction. read more

Wal-Mart Stores chief executive Mike Duke told employees and shareholders at the company’s annual meeting on Friday that the retailer, whose executives are accused of bribing Mexican officials, was committed to ethical behaviour. read more

U.K. retailer Sainsbury's has chosen Checkpoint Systems Inc. to create its labels and swing tickets for its new Gok for TU clothing range, designed by British fashion expert and TV presenter Gok Wan. read more

In a recent conditionally approved large merger, large food retailer Spar will have to divest of its 20% interest in Capital Land Asset Management (Pty) Limited (CLAM). CLAM is a manager responsible for the day-to-day management of a property fund, that would also include the management of the shopping centres acquired by Synergy Income Fund Limited (Synergy) in this merger.  read more

Trading profit for the period under review reflected a pleasing improvement over the same period last year. The consumer remained under pressure, high unemployment levels persisted and food retail competition intensified, which all led to a challenging trading environment. This was partly countered by higher internal inflation of 7.2% for the period. read more

Johannesburg - South Africa’s No2 food retailer, Pick n Pay Stores [JSE:PIK], reported a 15% fall in full-year profit on Wednesday, missing expectations, hit by costs related to its shopper loyalty programme and investments in its supply chain. read more

For global retailers looking to secure long term growth and diversify their source of income, setting up an African strategy is key.  read more

Pick n Pay (PIK) on Friday said headline earnings per share (HEPS) and diluted HEPS from continuing and total operations would decrease by between 10% and 20% for the year ended February 29. read more

The joint venture partnership between one of Nigeria’s long standing conglomerates, Chellarams Plc, and Woolworths of South Africa, after a thorough assessment of the Nigerian market, has resulted in the establishment of Woolworths biggest retail outlet in Ikeja, Lagos worth over N200 million. read more

Since Tesco's poster retail experiment in a Korean subway station last June, the idea of using QR codes and NFC tags to let consumers make purchases from virtual stores has exploded. Stockholm Central Station worked recently with e-commerce platform provider Jetshop to test the concept, hoping to discover how the mobile-connected "poster stores" would impact the future of retailing, according to a story on NFC World. read more

Kenyan retail chains that have gone aggressive in their regional expansions are expected to meet stiff competition from South African retailers such as Massmart, Shoprite, Pick n Pay and Spar.  read more