Mr Price launches mobile network
BusinessTech.co.za - Aug 1st 2014, 10:35
Value fashion retailer, Mr Price, has launched a mobile virtual network operator (MVNO), on the back of its successful push online over the past 18 months.
Like Virgin Mobile, the network will run on Cell C, and according to the report, technology from mobile virtual network enabler business MVN-X (a subsidiary of Ignition) is the main driver behind MrP Mobile.
MVN-X is headed up by the former Virgin Mobile chief, Steve Bailey.
According to MrP Mobile, it currently sells four different devices on contract: three phones and one tablet.
The phone deals each come with R100 airtime per month, while the tablet comes with 300MB data.
In May, the group said that online sales grew as much as 293.4% for the year ended March 2014.
The group took its homeware division, Mr Price Home online in November, along with and Sheet Street, while Mr Price Apparel launched its online sales platform in South Africa in July 2012 and internationally in July 2013.
CEO Stuart Bird said that the local online offers for Mr Price Sport and Financial Services is planned for the new financial year.
“The online sales platforms are gaining momentum. During the year, the Apparel division opened its site globally and has shipped to over 130 countries,” he said.From 2014 Copyright, BusinessTech. All right reserved.
Tough economy put a chill on Mr Price retail sales
23/08/2019 - 09:24
A tough economic climate has put pressure on Mr Price's fashion retail sales, as customer spending remained constrained, the company said in a trading statement for the first four months of its financial year ended March 28.
Mr Price rethinks international strategy after leaving Australia
03/06/2019 - 13:52
Mr Price Group’s new CEO wants the retailer to take a new approach to offshore growth after the group pulled the plug on its fledgling Australian business and as it considers doing the same in Poland.
Mr Price Group's shares rally on annual results
31/05/2019 - 10:16
Mr Price Group’s shares opened sharply higher after the company raised its annual dividend thanks to better earnings.
The signs are here that South Africa has reached its economic crossroad
03/12/2018 - 11:37
While South Africa attempts to shore up its own economy amid high inflation rates and a stuttering inherited financial system, the continent as a whole continues to grow. The big question, though, is whether South Africa will get left behind in terms of international investment if it doesn’t improve its financial situation, and how to avoid this.
Mr Price boosted by improved perception
27/11/2018 - 08:23
Improved consumer perception of Mr Price's quality and fashion helped it grow sales and profit in the first half of its 2019 financial year.