Tag: South Africa retail

Mr Price targets African expansion after Europe entry
BusinessTechnology

South Africa’s Mr Price targets new African market after Europe entry

South African retailer Mr Price Group is tightening its focus on international growth, with plans to enter another African market even as it expands into Europe through a key acquisition.  The Durban-based clothing and homeware chain is moving to meet rising demand for affordable goods, as high living costs push shoppers toward discount brands. Across many emerging markets, value retail…

Oluwatosin Alao Oluwatosin Alao
SPAR moves to rebuild revenue
BusinessTechnology

Spar faces investor exit after $250 million value loss in a week

South Africa’s retail sector is under renewed strain after Spar Group lost about $250 million in market value in a week, sending its shares to a 16-year low and unsettling investors on the Johannesburg Stock Exchange.  The sharp decline follows a wave of selling that has erased nearly a quarter of the grocery retailer’s market capitalization since last Friday. The…

Oluwatosin Alao Oluwatosin Alao
Walmart
BusinessHot News

Walmart set to open first retail stores in South Africa

Walmart to launch first branded stores in South Africa, boosting its African retail strategy.

Timilehin Adejumobi Timilehin Adejumobi