Botswana’s Choppies to exit SA and other African nations
Choppies Enterprises Ltd. will close its supermarkets in several African nations to concentrate on growth in Botswana, where it’s listed.
The Gaborone-based retailer plans to close supermarkets in South Africa, Kenya, Tanzania and Mozambique because they aren’t profitable, according to Chief Executive Officer Ramachandran Ottapathu. Instead, it will add stores in Botswana this year and explore new markets.
“Zambia is self-sustaining and growing slowly and in Zimbabwe we’ll look at the market and how it goes,” Ottapathu said in a phone interview. “Namibia, we need to grow.”
Gaborone-based news site Mmegionline was the first to report the retailer’s exit from four African nations on Monday.
BLOOMBERG
News Category
- International retailers
- On the move
- Awards and achievements
- Legislation
- Wine and liquor
- Africa
- Going green
- Supplier news
- Research tools
- Retailer trading results
- Supply chain
- Innovation and technology
- Economic factors
- Crime and security
- Store Openings
- Marketing and Promotions
- Social Responsibility
- Brand Press Office
Spar reports growth of 3.3% as global retail sa...
SPAR, the world’s largest food retail voluntary chain, has seen annual retail sales break the €40 billion mark for the first time, today reporting global sales revenue of €41.2 billion for the year ending December 31st, 2021. The figures represent...
Informal Retail in Africa: Could Technology be ...
Since the turn of the century and consistently for nearly a decade before the COVID-19 pandemic ravished global markets, Africa was home to the fastest growing economies. The shoots of positive growth it demonstrated afforded it the title of the “...
Consumers need a good reason to shop this Black...
Last year’s Black Friday retail sales massively underperformed for many reasons, according to Marino Sigalas, Account Director at The MediaShop. He says that some consumers were not comfortable with the thought of being shoulder to shoulder with o...
Checkers launches deals onto its Sixty60 home d...
Retailer Checkers says that customers using its Sixty60 home delivery service will now be able to benefit from its Xtra Savings rewards programme.
SA wipe manufacturer Sani-touch is ahead of the...
In the UK a government minister is calling for a new law to ban wet wipes that contain plastic. Labour minister Fleur Anderson argues that around 90% of the 11 billion wet wipes used in the UK per year contain some form of plastic that turns into ...