Shoprite (South Africa)

From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article is about the South African food retailer. For other companies with the same or similar name, see ShopRite (disambiguation).
Shoprite Holdings
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 IncreaseR113.7 Billion (FY 2015)[1]
IncreaseR6,3 Billion (FY 2015)[1]
Number of employees
132,942 [1]
Website www.shopriteholdings.co.za

The Shoprite Group of Companies (JSE: SHP), is Africa's largest food retailer, it operates 1751 corporate and 360 franchise outlets in 15 countries across Africa and the Indian Ocean Islands. The Company's headquarters are situated in the Western Cape province of South Africa. Shoprite Holdings Ltd is a public company listed on the JSE Limited, with secondary listings on both the Namibian and Zambian Stock Exchanges.[2]

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.[2]

In 1997 struggling OK Bazaars was acquired by the company from South African Breweries for one rand,[3] adding 157 supermarkets and 146 Furniture stores to the company.[2] 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.[2][4]

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 favorite brand, with a 3rd most valued brand in terms of community upliftment in South Africa.[2]

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 541 Shoprite supermarkets; 197 Checkers supermarkets; 33 Checkers Hypers; 333 Usave stores; 374 OK Furniture outlets; 33 OK Power Express stores; 12 OK Furniture Dreams stores; 52 House & Home stores; 176 Hungry Lion fast food outlets; 156 MediRite pharmacies and 293 LiquorShops. Its ticketing business, Computicket, operates 1258 counters in Group stores and 40 free-standing outlets. Through its OK Franchise Division, the Group procures and distributes stock to 49 OK MiniMark convenience stores; 18 OK Foods supermarkets; 86 OK Grocer stores; 28 Megasave wholesale stores; 33 OK Value stores; 26 Enjoy stores; 64 Sentra stores and buying partners, as well as 47 Friendly supermarkets; 3 Friendly Liquor stores; 1 OK Express and 1 OK Liquor store.

The company has almost 2000 corporate outlets under various names. They consist of:[5]

International presence of Shoprite supermarkets.
Name Stores Countries
Shoprite 541 Angola, Botswana, Democratic Republic of Congo, Ghana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Uganda, Zambia
Checkers 197 Botswana, Namibia, South Africa
Checkers Hyper 33 South Africa
Usave 333 Angola, Botswana, Ghana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia
OK Furniture 374 Angola, Botswana, Lesotho, Mozambique, Namibia, South Africa, Swaziland, Zambia
OK Express 33 Lesotho, South Africa, Swaziland, Botswana
House & Home 52 Botswana, Namibia, South Africa
Hungry Lion (Fast Food) 176 Angola, Botswana, Democratic Republic of Congo, Lesotho, Namibia, South Africa, Swaziland, Zambia
Shoprite Liquor 172 Lesotho, Namibia, South Africa
Checkers Liquor 121 Namibia, South Africa
Shoprite MediRite 64 Angola, South Africa, Swaziland
Checkers MediRite 92 South Africa

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 360 stores in Namibia and South Africa.[5]

References[edit]

  1. ^ a b c Shoprite Holdings:Results for the year ended June 2015, August 2015, Retrieved: 12 January 2015.
  2. ^ a b c d e "Integrated Report 2015". Shoprite. Retrieved 12 January 2016. 
  3. ^ Klein, Marcia. "Shoprite plays role of knight in armour to struggling OK". Sunday Times (South Africa). Retrieved 2008-04-25. 
  4. ^ Adekunle, Tunmise (9 January 2006). "Shoprite's chances in Lagos' Congested Superstore Business" (pdf). Thisday. Retrieved 2008-04-27. [dead link]
  5. ^ a b "Shoprite Holdings Geographical Spread". Shoprite. Retrieved 2014-11-27. 

External links[edit]