Shoprite news

Shoprite’s results for the half year ending January 1 st 2023 show despite the challenges the retailer faced, it was a good end to the year. Key figures Total Group (including supermarkets and LiquorShop) : sales +16.8% to R106.3bn   Supermarkets (including LiqourShop) : sales +17.5% to R85.1bn Like-for-like sales +11% 191 net new stores were added over the previou...

In separate developments, Walmart-owned Massmart and Shoprite have announced plans to exit several markets across Africa. The exits underline South African retailer’s growing focus on profitability and desire to sell off non-core assets to enable them to invest in faster growing areas of their operations. Massmart to exit five markets… Following its sale of non-core retail assets to Shopr...

South Africa-based Shoprite has reported total sales growth (including Supermarkets RSA LiquorShop) of 4.7%, to ZAR83.4 bn (US$5.8 bn). Excluding the effect of the liquor stores, which were impacted by COVID-19 nationwide lockdown regulations, sales rose by 6.3%. Results show improving performance during the half In its home market Shoprite reported sales growth of 5.6% in the half (includi...

Shoprite has reported sales growth of 3% in the first quarter of 2021, a performance that was heavily impacted by restrictions on its business in South Africa due to COVID-19. The results were a marked slowdown on its performance in the same quarter in 2019, when sales grew by 7.3%. Shoprite sees sales growth slow in Q1… Shoprite reported total sales growth of 6.0%, excluding its LiquorShop...

As Shoprite confirms its full year results and its exit from Kenya, SPAR South Africa evolves its management team and Massmart adapts its range, we round up news from the country. Shoprite enjoys growth at home… As it confirmed its full year results, Shoprite reported its sales rose 6.4% to ZAR156.9 bn (US$9.3 bn), with its trading profit increasing by 10.4% to ZAR8.3 bn (US$494.6m). It sai...

South Africa-based Shoprite saw sales in the 52 weeks to 28 June 2020 rise 6.4% to ZAR156.9 bn (US$8.9 bn), with like-for-like sales up 4.4%. The retailer’s performance was driven by its home market, where sales were up by 8.7%, aided by a strong second half of the financial year. The impact of coronavirus (COVID-19) on its results was underlined by Shoprite reporting that basket sizes grew 18.4%...

Pick n Pay and Shoprite have announced they have agreed to drop exclusivity clauses in shopping mall leases with immediate effect. The retailers were suggested to be using the clauses to limit opportunities for small and speciality retailers. They have both have said they will also roll back the effects of the clauses on other businesses over time. Announcement follows 2019 Grocery Retail Mark...

Governments and non-governmental organisations (NGOs) are encouraging retailers to increase the number of sustainability schemes they implement. Single-use plastic reduction has been a common environmental initiative and many retailers have implemented schemes that aim to reduce, recycle or reuse single-use plastic whenever possible. What is the South Africa plastic pact? The Worldwide F...

South Africa-based Shoprite has released an operational update for the six months ending 29 December 2019. It reported its total sale of merchandise had increased by 7.0% to approximately ZAR81.2 bn (US$5.6 bn) driven by its supermarkets in its home market. At a group level, Shoprite said the sales growth was aided by the number of customer visits increasing by 2.1% and product volumes up by 4...

Following initiatives from South Africa-based Checkers, Pick n Pay, results from the same country’s Woolworths and reports of Carrefour’s market entry into Uganda, we round up news from the region. Checkers launches one-hour delivery option Checkers is set to introduce a one-hour delivery option under the Sixty60 brand name. Initially launched at selected stores in the Western Cape and Gaut...