OK half-year revenue in 60pc jump
OK Zimbabwe’s revenue for the half-year period ended September 30, 2023, jumped by 60,38 percent to $727,9 billion in inflation-adjusted terms from $453,8 billion in the same period in 2022. … Read More
Category: FMCG
Mthuli move on retailers lauded
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, last week made strides towards taming a sprawling informal retail sector as he proposed limiting stock procurement to licensed and … Read More
CZR intensifies formalisation drive
The Confederation of Zimbabwe Retailers (CZR) has intensified the formalisation drive of the growing informal sector by drafting a policy document geared at promoting the formalisation of the retail and … Read More
OK Zim suffers volumes drop, Declares US dividend
The country’s biggest retail group, OK Zimbabwe posted a 7,7 percent volume drop for the year ended 31 March over the comparative period owing to depressed consumer spending power and … Read More
‘Dollar deals’ rattle retail sector
Feeling the pressure exerted by fast-growing “dollar deals” informal entrepreneurs who are accused of creating a whole new spat of “dangerously unhealthy competition”, some major retail outlets are also joining … Read More
Shifting consumer sentiment impacts Choppies
Supermarket group Choppies says Zimbabwean consumers are increasingly looking for more affordable and convenient shopping options, which in turn is impacting the retailer’s margins. The Botswana Stock Exchange (BSE)-listed supermarket … Read More
Retail and wholesale sector projected to grow to US$5,2 billion
THE retail and wholesale sector is this year projected to grow to US$5,2 billion from the current US$4,1 billion on the back of increased branch networks and increased shop density, … Read More
OK Zim banks on dollar deals
RETAIL chain OK Zimbabwe has said it will bank on dollar deals to grow the customer base despite the rise in the number of unregulated informal operators in the country. … Read More
OK Zimbabwe delays results publication
Retail giant, OK Zimbabwe, reported that its full-year results will be delayed due to new resource planning system therefore the results are now expected to be published later this month. … Read More
New mall set to open in Bulawayo
A new shopping mall — City of Kings Mall — with 51 units located at the former Edgars-Sales House outlet is expected to start operating in September amid reports that … Read More
