To signup, please click here


I already have an account, Go to login!

Forgot your password?

 



Sep 2014

Aug 2014

Jul 2014

Jun 2014

May 2014

Apr 2014

Woolworths

Email Story!

Let friends in your network know what you are reading about

Woolworths to open stores in Nigeria

South African supermarket chain Woolworths is to open three stores in Nigeria in December – its first stores in the continent's most populous nation.   The high-end store...

http://www.africanbusinessreview.co.za/finance/998/Woolworths-to-open-stores-in-Nigeria


Woolworths to open stores in Nigeria

- Finance - Oct 12, 2011

South African supermarket chain Woolworths is to open three stores in Nigeria in December – its first stores in the continent's most populous nation.

 

The high-end store chain has signed a joint venture with Nigeria's Chellarams and said it aims to open seven further stores in the country over the next two years.

 

Retailers are expecting stronger competition from Walmart owned Massmart – and competitors Shoprite and Pick n Pay have both announced plans for more outlets across Africa.

 

Read more from the WDM content network:

Attracting and keeping online shoppers in Africa

Africa's highest paid sports stars

Setting the standard for corporate sponsorship

Technology giant Siemens re-organises to excel in African industry sector

 

To read the latest issue of African Business Review, click here

 

"We are confident about our investment in Nigeria and the growth prospects of the Nigerian market," said John Fraser of Woolworths' international division.

 

"The country has a large population with significant and growing middle and upper-income groups."

 

Nigeria will be the 11th African country outside of South Africa that Woolworths are present in. The others are Botswana, Namibia, Lesotho, Swaziland, Ghana, Kenya, Tanzania, Uganda, Zambia and Mozambique. In comparison, Massmart operate in 12 other sub-Saharan African countries and Shoprite 15. 

 

African Business Review is now available on the iPad. Click here to download it.

Like what you see! Signup for our weekly newsletter

Comments(0)

POPULAR VIDEOS

South Africa's Sibanye Gold Limited Celebrates NYSE Listing
00:01:21 South Africa's Sibanye Gold Limited Celebrates NYSE Listing

ASSOCIATIONS

COMPANIES

Makro

Sandton, South Africa

Vodacom Business Africa

Johannesburg, South Africa

Majesty Oil Mills

Gauteng, South Africa