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France's CFAO opens first African mall in Ivory Coast, plans dozens more


By Reuters Staff
2 Min Read
ABIDJAN, Dec 17 (Reuters) - French distribution group CFAO opened its first shopping mall in Africa on Friday, a $66 million centre in Ivory Coast’s commercial capital Abidjan, as part of a major drive to tap into the growth of Africa’s middle classes.
The mall, a collaboration with French retailer Carrefour , is the first of 80 that CFAO plans to open in eight countries in West and Central Africa in the next decade.
CFAO, which stands for Comptoir Francais de l’Afrique de l’Ouest, is active in the vehicle, pharmaceutical and computer sectors and is 97 percent owned by Japanese company Toyota Tsusho Corp. ....

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Japan factory output seen down again, retail sales up amid fragile recovery


3 Min Read
TOKYO (Reuters) - Japan’s factory output likely fell for a second straight month in March, but retail sales were set for a solid rebound from the prior month’s decline, a Reuters poll showed on Friday, underscoring a fragile recovery from the coronavirus crisis.
FILE PHOTO: Smoke rises from a factory during the sunset at Keihin industrial zone in Kawasaki, Japan, January 16, 2017. REUTERS/Toru Hanai
The mixed batch of indicators will follow a government move to issue a third state of emergency in Tokyo and other major regions for April 25 to May 11 in a blow to service-sector activity, stoking fears of a double-dip recession. ....

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UK retail sales surge before lockdown easing, borrowing leaps too


4 Min Read
LONDON (Reuters) -British retail sales jumped last month before a partial lifting of coronavirus restrictions, suggesting an economic rebound is under way, but official data also showed record peacetime government borrowing.
FILE PHOTO: A woman shops in the Selfridges department store on Oxford street, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls
Sales volumes leapt by 5.4% in March from February with clothing retailers able to sell online benefiting especially as consumers got ready to venture out after being locked down for much of the past year.
Retailers also reported a rise in purchases of mobility equipment as older people left their homes after their vaccinations and there was a jump in sales at garden centres, reflecting the boom in gardening over the past year. ....

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