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
Public
Traded as JSE: SHP
Industry Retail
Founded 1979
Headquarters Brackenfell, Cape Town, South Africa
Key people

P.C. Engelbrecht, CEO
C.G. Goosen, Deputy MD

C.H. Wiese, Chairman
Revenue IncreaseR130.028 billion (FY 2016)[1]
IncreaseR4.84 billion (FY 2016)[2]
Number of employees
143,000 [3]
Subsidiaries Checkers
Website www.shopriteholdings.co.za

The Shoprite Group of Companies (JSE: SHP), is Africa's largest food retailer. It operates 2653 outlets in 15 countries across Africa and the Indian Ocean Islands. The company's headquarters are in the Western Cape province of South Africa. Shoprite Holdings Ltd is a public company listed on the Johannesburg Stock Exchange, with secondary listings on both the Namibian and Zambian Stock Exchanges.[4]

History[edit]

International presence of Shoprite supermarkets

The Shoprite Group of companies started in 1979. In 1990 Shoprite opened in Namibia. In 1991, it acquired the national Checkers chain. In 1995 the first store in Lusaka in Zambia, was opened. That same year the company acquired distributor Sentra, allowing the company to expand into franchising.[4]

In 1997 struggling OK Bazaars was acquired by the company from South African Breweries for one rand,[5] adding 157 supermarkets and 146 Furniture stores to the company.[4] 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 the Group acquired Foodworld as well as South African ticket seller Computicket, and opened the first Shoprite LiquorShop. The company also opened its first Nigerian store in the Victoria Island area of Lagos.[4][6]

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

For the third year in a row, the Shoprite brand was voted SA's No. 1 supermarket in the 2010 Sunday Times Top Brand Survey.

Deloitte’s Global Powers of Retailing 2014 ranks The Shoprite Group as the 94th largest retailer in the world.

In 2011 it was announced that the Shoprite Group has entered into an agreement with Metcash Trading Africa (Pty) Ltd in terms of which the franchise division of Metcash is to be sold to Shoprite Checkers, including 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.

On 19 April 2012, Shoprite became the first South African retailer to enter the Democratic Republic of Congo (DRC) as it opened the doors of a new world-class supermarket in Gombe, Kinshasa to an eagerly awaiting public.

Deloitte’s Global Powers of Retailing 2013, names The Shoprite Group as the largest retailer in Africa.

The Shoprite Group was once again awarded for excellence and popularity amongst consumers in the 2014 The Times / Sowetan Retail Awards. Its flagship brand, Shoprite, took first place in the Grand Prix category and was voted the number one Grocery Store.

As at June 2016 some 76% of South Africa's total adult population shops at one of the Group’s supermarket brands.The Shoprite Group employs almost 138000 people of whom 21000 work outside South Africa.

Shoprite Holdings announced at the company’s Annual General Meeting held on 31 October 2016 that the company’s Chief Executive Officer, Dr Whitey Basson, decided to retire at the end of December 2016. The Board appointed Pieter Engelbrecht (47), former Chief Operating Officer, as the incoming CEO as of the first of January 2017. He has been with the company for 20 years and has played a leading role in the company’s growth under Basson’s leadership.

Brands[edit]

Its primary business is food retailing to consumers of all income levels, with the goal to provide all communities in Africa with food & 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

Shoprite Holdings Ltd comprises the following entities: the Shoprite Checkers supermarket group, which consists of 601 Shoprite supermarkets; 205 Checkers supermarkets; 37 Checkers Hypers; 359 Usave stores; 512 Furniture outlets (including OK Furniture, OK Power Express, OK Dreams , House & Home) 194 Hungry Lion fast food outlets; 161 MediRite pharmacies and 368 LiquorShops. It has a ticketing business, Computicket, which operates from counters within Group stores and various free-standing outlets. Through its OK Franchise Division, the Group procures and distributes stock to OK MiniMark convenience stores; OK Foods supermarkets; OK Grocer stores; Megasave wholesale stores; OK Value stores; Sentra stores and buying partners, as well as Friendly supermarkets; Friendly Liquor stores; OK Express and OK Liquor stores.

The company has 2276 corporate outlets under various brand names. They consist of:[7]

Name Stores Countries
Shoprite 601 Angola, Botswana, Democratic Republic of Congo, Ghana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Uganda, Zambia
Checkers 205 Botswana, Namibia, South Africa
Checkers Hyper 37 South Africa
Usave 359 Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Zambia
OK Furniture which includes OK Power Express and OK Dream 512 Angola, Botswana, Lesotho, Mozambique, Namibia, South Africa, Swaziland, Zambia
House & Home 53 Botswana, Namibia, South Africa
Hungry Lion (Fast Food) 194 Angola, Botswana, Lesotho, Namibia, South Africa, Swaziland, Zambia
LiquorShop 368 Lesotho, Namibia, South Africa
MediRite Pharmacies 161 Angola, South Africa, Swaziland

The company also owns franchising brands though its OK Franchise Division under the names OK Foods, OK Grocer, OK Minimark, OK Value, Megasave, Sentra, Enjoy, Friendly Stores and Friendly Liquor, totaling 377 stores in Namibia and South Africa.[8]

References[edit]

  1. ^ Shoprite Holdings:Results for the year ended June 2016, June 2016, Retrieved: August 2016.
  2. ^ [1], Retrieved: September 2016.
  3. ^ [2], August 2016, Retrieved: August 2016.
  4. ^ a b c d "Shoprite Holdings website". Shoprite. 
  5. ^ Klein, Marcia. "Shoprite plays role of knight in armour to struggling OK". Sunday Times (South Africa). Retrieved 2008-04-25. 
  6. ^ Adekunle, Tunmise (9 January 2006). "Shoprite's chances in Lagos' Congested Superstore Business" (PDF). Thisday. Archived from the original (pdf) on October 26, 2007. Retrieved 2008-04-27. 
  7. ^ "Shoprite Holdings Geographical Spread". Shoprite. Retrieved 2014-11-27. 
  8. ^ Cite error: The named reference Shoprite_Holdings_Number_of_Outlets was invoked but never defined (see the help page).

External links[edit]