RETAIL GROWTH NEWS ON FASTMOVING

For the President of DMSRetail West Africa, Joseph Ebata, the retail sector in Nigeria has witnessed a huge growth, despite the challenges bedeviling it. read more

New York -- The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture. 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

Johannesburg - South African retailers, fund managers' must-haves in their portfolios for more than a year, are fast falling out of favour as debt-led consumer spending starts to unravel. read more

Max Hypermarket India Private Limited (“Max Hypermarkets”) has rebranded its existing ‘SPAR’ stores in Bengaluru and Mangalore to Auchan, saying this will offer a fresh perspective to attract customers. 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 Victoria & Alfred (V&A) Waterfront is set to grow after its new owners inject R35m on refuribshing the food court - by adding 15 new outlets - and the amphitheatre, V&A retail executive Alex Kabalin said on Tuesday 11 December. read more

South African retailers are expected to enjoy a better Christmas this year, thanks to easy credit and low interest rates. read more

Growth in South Africa’s retail sales was faster than expected in June, increasing 8.3% year on year at constant prices, compared with a revised 7.1% rise in May, Statistics South Africa said on Wednesday. read more

The first Makro in Free State province will open in Bloemfontein in September 2012. Makro Bloemfontein will be the 17th Makro store in South Africa and is being developed by Moolman Group - a leading national property company - for Makro on a triple-net lease.  read more

Growth in SA's retail trade sales at constant (2008) prices for January is expected to ring in at 7.5% year on year (y/y), from a y/y growth of 8.7% in December, according to a survey of leading economists by I-Net Bridge.  read more

Indian Prime Minister Manmohan Singh has rejected calls to reverse major retail market reforms, saying the entry of foreign supermarket giants would help modernise the $450 billion (R3.8 trillion) sector and fight stubbornly high inflation. read more

July 21, 2011 - With growing concerns about the economy, job prospects and rising costs, South African consumers lost confidence in the second quarter of 2011 to an index level of 86, according to Nielsen’s quarterly online Global Consumer Confidence Survey.  read more

South Africa's retail sales rose for a sixth consecutive month in June, helped by World Cup spending, but the increase was slightly weaker than expected, bolstering the case for a rate cut next month. read more