Shoprite (South Africa)

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This article is about the South African food retailer. For other companies with the same or similar name, see ShopRite (disambiguation).
Shoprite Holdings
Type Public (JSE: SHP)
Industry Retail
Founded 1979
Headquarters Brackenfell, Cape Town, South Africa
Key people

J.W. Basson, CEO
C.G. Goosen, Deputy MD
P.C. Engelbrecht, COO

C.H. Wiese, Chairman
Revenue IncreaseR72.2 Billion (FY 2011)[1]
Net income IncreaseR3.98 Billion (FY 2011)
Employees 95,000[2]
Website www.shopriteholdings.co.za

Shoprite (JSE: SHP also listed on Namibia Stock Exchange and Zambian Stock Exchange)[3] is a South African based retail and fast food company. It operates over 1,200 corporate and 270 franchise outlets in 16 countries across Africa and the Indian Ocean Islands.[3]

History[edit]

The Shoprite Group of companies started from South Africa small town beginnings in 1979 with the purchase of a chain of 8 supermarkets in Cape Town for 1 million Rand. The next 30 years were marked by various acquisitions and innovative expansion strategies that brought it to the R72 billion business that Shoprite is today.

In 1990 Shoprite opened in Namibia. Within four years of listing on the JSE, Shoprite increased its outlets four-fold by acquiring Grand Bazaars, and the next year, in 1991; it grew almost six-fold with the acquisition of the national Checkers chain of supermarkets. Overnight Shoprite trebled in size to 241 outlets with a staff of 22 600.

In 1995 the Group was able to open its first store in Central Africa, Shoprite Lusaka in Zambia.That same year the company acquired distributor Sentra, allowing the company to expand into franchising.[3]

In 1997 struggling OK Bazaars was acquired by the company from South African Breweries for one rand,[4] adding 157 supermarkets and 146 Furniture stores to the company.[3] In 2000 the Group opened its first supermarkets in Zimbabwe and Uganda. Two years later the company acquired the Madagascar stores of French chain Champion. The same year the company bought three Tanzanian supermarkets from Score Supermarket and opened it first Hypermarket outside of South Africa in Mauritius.

2005 saw the Group acquiring both Foodworld, with 13 stores, and South African ticket seller, Computicket, as well as opening the first Shoprite Liquor Shop. The company also opened its first Nigerian store in the Victoria Island area of Lagos.[3][5]

In 2008 the Shoprite Group was added to the JSE Top-40 Index of blue-chips.

In March 2011 the Shoprite Group has entered into an agreement with Metcash Trading Africa (Pty) Ltd to acquire the franchise division of Metcash is to be sold to Shoprite Checkers. The Metcash franchise division includes franchise arrangements with franchisees operating retail stores under registered trademark names such as Friendly, Seven Eleven and Price Club Discount Supermarket.

The Markinor Top Brands Survey 2011 found the Shoprite brand to be the No 1 Supermarket for the 5th year running, while in the Top Retail Brands Section of the same survey Shoprite claimed first place in all five grocery categories. The Markinor Survey furthermore identified Shorite as the 6th overall favourite brand, with a 3rd most valued brand in terms of community upliftment in South Africa. [3]

Brands[edit]

The company has more than 1200 corporate outlets under various names. They consist of:[6]

Name Stores Countries
Shoprite 453 Angola, Botswana, Democratic Republic of Congo, Ghana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe
Checkers 173 Namibia, South Africa and Botswana
Checkers Hyper 29 South Africa
Usave 299 Angola, Botswana, Ghana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland
OK Furniture 268 Angola, Botswana, Ghana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland
House & Home 49 Namibia, South Africa and Botswana
OK Power Express 19 Lesotho, South Africa
Hungry Lion (Fast Food) 166 Angola, Botswana, Lesotho, Namibia, South Africa, Swaziland, Zambia

The company also owns franchising brands though its OK Franchise Division under the names OK Foods, OK Grocer, Megasave, OK Minimark, OK Value and Sentra totaling 274 stores in South Africa, Namibia, Botswana, Swaziland and Lesotho. [6][7]

References[edit]

  1. ^ Shoprite Holdings:Preliminary results for 52 weeks ended Jun 2011, August 2011, Retrieved: 8 September 2011.
  2. ^ Shoprite Holdings:Preliminary results for 52 weeks ended Jun 2011, August 2011, Retrieved: 8 September 2011.
  3. ^ a b c d e f "History" (HTML). Shoprite. Retrieved 2008-04-25. 
  4. ^ Klein, Marcia. "Shoprite plays role of knight in armour to struggling OK". Sunday Times (South Africa). Retrieved 2008-04-25. 
  5. ^ Adekunle, Tunmise (9 January 2006). "Shoprite's chances in Lagos' Congested Superstore Business" (pdf). Thisday. Retrieved 2008-04-27. [dead link]
  6. ^ a b "Shoprite Holdings Geographical Spread" (HTML). Shoprite. Retrieved 2011-09-09. 
  7. ^ "OK Franchise" (HTML). Shoprite. Retrieved 2011-09-09. 

External links[edit]