Content about Africa

June 12, 2013

A.T. Kearney: Brazil tops among developing countries for retail investment

For the third consecutive year, Brazil ranked number one in the top 30 developing countries for retail investment worldwide by A.T. Kearney.

January 31, 2013

McDonald’s South Africa taps IBM to enhance social media facilitating

IBM announced that McDonald's South Africa is using IBM social business software to embrace the convergence of social, mobile and cloud facilitating its expansion to new markets and enabling its employees to collaborate more effectively.

January 21, 2013

Togo's continues West Coast expansion with 11 openings

Sandwich chain Togo's Eateries Inc. announced it is in development on 30 new Togo’s units, as the company executed as many franchise agreements in 2012 in order to add to its West Coast presence.

June 12, 2012

Brazil is top developing economy for retail expansion

A report released by A.T. Kearney showed that Brazil once again first among developing countries for global retail expansion.

April 3, 2012

Nordic retailer selects ExtraHop’s APM solutions

ExtraHop Networks, a provider of network-based application performance management (APM) solutions, announced that it has won four new customers in the Europe, Middle East, and Africa (EMEA) region, including Axstores, a retail group in the Nordic region with more than 390 beauty, fashion, home furnishing, and department stores.

March 2, 2012

Woolworths in South Africa selects JDA solutions

JDA Software Group announced that Woolworths, South Africa’s leading and most respected retail chain, selected a number of JDA solutions in fourth quarter 2011.

October 24, 2011

Global Expansion

Amid an uneven and slow recovery at home and financial volatility in established European markets, U.S. chain retailers are increasingly looking to emerging global markets to expand operations, increase overall revenues and gain a competitive advantage. The reasons are obvious: Consumer spending is on the rise in many of these areas, boosted by, in some instances for the first time ever, a growing middle class. Equally important, emerging markets present significant opportunities for store growth.

October 20, 2011

Wal-Mart’s Massmart acquisition faces South Africa court appeal

A Thursday report by Bloomberg said that South Africa’s Competition Appeal Court began hearing a government lawsuit filed to compel regulators to review a decision allowing Wal-Mart Stores to acquire 51% interest in Massmart Holdings Ltd.

July 19, 2011

South Africa to let antitrust regulators decide Massmart acquisition conditions

A Tuesday report by Bloomberg said that South Africa’s parliament will let anti-trust regulators decide what conditions to impose on Wal-Mart Stores in its acquisition of Massmart Holdings Ltd.

June 30, 2011

Gap to make Africa debut

Gap announced Wednesday that it will open its first Gap store in Egypt this July, and its first Gap and Banana Republic stores in Morocco in October.

June 27, 2011

Macy’s online site launches overseas shipping

Macy’s announced the launch of international shipping on its e-commerce site to 91 countries in Africa, Asia, Australia, the Caribbean, Europe, the Middle East, North and South America.

June 14, 2011

South Africa makes aggressive intervention in Wal-Mart bid

A Tuesday report by Bloomberg said that South Africa’s Economic Development Ministry made an “aggressive intervention” in Wal-Mart Stores’ bid to buy a stake in Massmart Holdings Ltd.

May 31, 2011

South Africa approves Wal-Mart deal—with conditions

Regulators in South African on Tuesday approved Wal-Mart's 17 billion rand (about $2.4 billion) bid to buy a controlling share of Massmart Holdings Ltd.

February 14, 2011

Wal-Mart one step closer to buying South Africa’s Massmart

South Africa’s competition watchdog has recommended that Wal-Mart Stores’ proposed takeover of the country’s retail chain Massmart be unconditionally approved without conditions.

February 8, 2011

McDonald's January global same-store sales up 5.3%

McDonald's Corp. reported Tuesday that global same-store sales increased 5.3% in January, comprised of a 3.1% rise in the United States, a 7% increase in Europe and a 5.2% increase in Asia/Pacific, Middle East and Africa.

January 24, 2011

McDonald’s Q4 and full year income up

McDonald’s Corp. said net income for the fourth quarter, ended Dec. 31, 2010, rose 2.1% to $1.24 billion from $1.22 billion a year earlier.

January 17, 2011

South Africa’s Massmart approves Wal-Mart bid

The shareholders of South African Massmart chain have overwhelmingly accepted Wal-Mart's offer to buy 51% of their company, the chief executive said Monday, paving the way for Wal-Mart to enter Africa.

January 17, 2011

South Africa’s Massmart approves Wal-Mart bid

November 29, 2010

Wal-Mart to buy 51% of South Africa’s Massmart

Bentonville, Ark. - Wal-Mart Stores announced Monday that it is buying a controlling stake in South Africa's Massmart in an approximately $2 billion deal. The investment gives the discounter a substantial presence in South Africa and paves the way for further expansion across the continent. Wal-Mart International president and CEO Doug McMillon made clear his company is pursuing a regional strategy.

November 29, 2010

Wal-Mart to buy 51% of South Africa’s Massmart

September 26, 2010

Walmart eyes African expansion

Walmart and Africa’s leading retailer Massmart Holdings Ltd. are in talks that could lead to...

June 17, 2010

Burger King Goes Green in Germany

Burger King Corp. has gone green in Germany, with the opening of an energy-efficient restaurant in Waghausel.

September 30, 2008

China: A Land of Opportunities But Not Without Obligations

Like many of you, I thrilled to see the human drama of the Olympics...

September 30, 2008