SHOPRITE HOLDINGS LTD
Shoprite Holdings Ltd comprises the following entities: the Shoprite Checkers supermarket group, which consists of 424 Shoprite supermarkets; 167 Checkers supermarkets; 28 Checkers Hypers; 256 Usave stores; 248 OK Furniture outlets; 17 OK Power Express stores; 49 House & Home stores; 145 Hungry Lion fast food outlets; 136 Medirite pharmacies and 165 LiquorShops. Through its OK Franchise Division, the Group procures and distributes stock to 29 OK MiniMark convenience stores; 15 OK Foods supermarkets; 85 OK Grocer stores; 31 Megasave wholesale stores; 30 OK Value stores; 68 Sentra stores and buying partners, as well as 111 Friendly supermarkets and 11 Friendly Liquor stores.
The Shoprite Group has a broad customer base which closely mirrors the demographic profile of the country and 23,237 million customers shop at the Group's supermarkets each month. The various store formats within the Group cater for all income groups with the Checkers, Checkers Hyper and House & Home stores focussing on the higher income groups and Shoprite and OK Furniture focussing on the broad middle to lower market. The latest format introduced by the Group, Shoprite Usave, focuses on the lower-end of the market.
The primary business of the Shoprite Group of Companies is food retailing to consumers of all income levels. Management's goal is to provide all communities in Africa with food and household items in a first-world shopping environment, at the Group's lowest possible prices. At the same time the Group, inextricably linked to Africa, contributes to the nurturing of stable economies and the social upliftment of its people.
Through the years supermarkets in the Shoprite stable have proved to be firm favourites with South African consumers. Consumers turn in increasing numbers to the Group’s three supermarket chains, and according to recent research from AMPS the Group’s chains are now being frequented by 66,5% of all South African shoppers.
The group now employs over 100 000 people and of these, more than 11 000 work in its stores outside South Africa.
Shoprite, the largest of the three in terms of turnover and the number of stores, remains the dominant player in the middle to lower income sectors despite an increase in competition. It countered this by expanding its presence in economically disadvantaged residential areas in particular with full-service supermarkets that include pharmacies providing increased access to prescription and self-medicating remedies. During 2011, a net 11 new stores were opened to bring the total in South Africa to 331.
Checkers further entrenched its position in the higher income consumer segment to the extent that 53% of its customers now fall within LSM 8-10. The brand’s repositioning has been successful and as a result the format is often considered the preferred anchor tenant for many new shopping centres countrywide. It was, for the third consecutive year, the fastest growing supermarket chain in the country. It continued to expand its ranges of specialist offerings, such as estate wines, exotic cheeses, and branded fresh meat products.
Usave’s low cost structures enable it to consistently sell comparable products at lower prices than its competitors. Its strategic role in an increasingly competitive local market has grown during the reporting period. In order to gain access to desirable sites, it is implementing innovative ways of developing stores in conjunction with landowners. It will be intensifying its store opening programme in the new financial year.
The idea of enabling customers to do all their shopping under one roof was further expanded with the introduction of in-store pharmacies (under the name MediRite) and liquor outlets (under the name LiquorShop). The latter are located at or very close to the entrances to Shoprite or Checkers supermarkets. Both extend a service to customers and, in doing so, enhance their shopping experience. In 2011 MediRite increased its number of outlets from 104 to 121 has plans to open a further 22 in the new financial year.
MediRite pharmacies enjoy secure supply lines from its fellow subsidiary, Transpharm Pharmaceutical Wholesalers, which now has depots in Cape Town as well as Gauteng, providing 93% of their total product range and offering the opportunity of direct purchases from international markets.
Despite the subdued growth experienced by the liquor industry as a whole, LiquorShop grew significantly, opening 37 outlets in key areas to bring its number of outlets to 120. Growth will accelerate further in the new financial year, with 40 new outlets on the cards, dependant of the granting of operating licences. LiquorShop offer a comprehensive collection of spirits and other alcoholic drinks.
Several years ago, the Group introduced the Money Market concept to enhance its offering of a one-stop shopping experience through its supermarkets. The Money Market counters continue to expand their range of services, from money transfers and flight and bus tickets to the payment of electricity bills, municipal services and traffic offences. As part of this service, tickets for almost all major sports, cultural and entertainment offerings are offered through Computicket, the country’s largest ticket vendor.
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Namibia: First stores open at Keetmans Mall
02/12/2013 - 09:49
Hundreds of shoppers flocked to the Keetmanshoop Old Mutual Retail Centre last month after Crazy Stores became the first outlet to open its doors to the public with Fashion Express and Exact following suit.
Shoprite Checkers opens 1000th supermarket
29/11/2013 - 08:41
Shoprite Checkers will celebrate the opening of its 1000th supermarket in Africa when a new generation Checkers store opens its doors for trading in the Western Cape on Thursday, 28 November 2013. Checkers Zevenwacht is located in the Shoprite Group’s newly developed shopping centre, Langverwacht Plein, in Kuils River.
Cradlestone Mall to introduce comprehensive, connected shopping. Opening 20 November 2013
08/11/2013 - 10:40
Named for its unique location, the newly developed Cradlestone Mall in the heart of Mogale City in Johannesburg’s West Rand - near the world heritage site of the Cradle of Humankind - officially opens its doors on 20 November 2013.
African business boosts Shoprite sales
05/11/2013 - 08:42
Johannesburg -Shoprite [JSE:SHP] reported a 10% rise in July-September sales on Monday, helped by a strong showing at its sub-Saharan stores outside its struggling home market.
Top retailers secured for new Eyethu Orange Farm Mall, opening September 2014
04/11/2013 - 16:25
Sporting an appealing mix of successful retailers guaranteed and construction progressing apace, the vision for the R400 million Eyethu Orange Farm Mall to become a successful, profitable asset for the community of Orange Farm is within reach.
Shoprite operating normally, license intact - minister, Zambia
22/10/2013 - 09:30
Minister of Labour and Social Security, Fackson Shamenda, says Shoprite is operating normally and its operating licence is still in force.
Shoprite boss puts blame on manufacturing
16/10/2013 - 11:06
Shoprite chief executive Whitey Basson has moved beyond blaming the usual suspects of unions and labour legislation for South Africa’s economic woes and has lashed out at the “declining” manufacturing sector for its lack of innovation and competitiveness.
CEOs: Africa is on the rise
14/10/2013 - 08:56
Johannesburg - Africa’s CEOs are optimistic about the prospects for growth over the next 12 months, according to the PWC Africa Business Agenda 2013.
Jozini Mall en-route to Mozambique, opening 24 October 2013
08/10/2013 - 15:33
Jozini Mall, the new 18,220 square metre community shopping centre in North-Eastern KwaZulu-Natal, is now fully let and will open on Thursday, 24th October 2013.
Blackstar plans to fight Shoprite bid, Zambia
01/10/2013 - 11:28
Lusaka - Blackstar Group SE, an investment company, said it will join other shareholders in fighting Shoprite Holdings Ltd.’s attempts to reverse trades in the retailer’s stock in Zambia.