Shoprite (South Africa)

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Shoprite Holdings
Public
Traded as JSE: SHP
Industry Retail
Founded 1979
Headquarters Brackenfell, Cape Town, South Africa
Key people
Revenue IncreaseR141 billion (FY 2017)[1]
IncreaseR4.84 billion (FY 2016)[2]
Number of employees
144,000 (2016)[3]
Subsidiaries Checkers
Website Homepage

The Shoprite Group of Companies (JSE: SHP), is Africa's largest food retailer.[4] It operates 2,689 outlets in 15 countries across Africa and the Indian Ocean Islands.[5] The company's headquarters are in the Western Cape province of South Africa. Shoprite Holdings Limited is a public company listed on the Johannesburg Stock Exchange, with secondary listings on both the Namibian and Zambian Stock Exchanges.[6] As of 2016, the Shoprite Group employed almost 144,000 people, of whom 23,500 worked outside South Africa.[3]

History[edit]

International presence of Shoprite supermarkets

The Shoprite Group of companies was established in 1979. In 1990 Shoprite opened in Namibia. In 1991, it acquired the national Checkers chain. In 1995 the first store in Lusaka, Zambia was opened. That same year the company acquired distributor Sentra, allowing the company to expand into franchising.[6]

In 1997 struggling "OK Bazaars" was acquired by the company from South African Breweries for one rand,[7] adding 157 supermarkets and 146 furniture stores to the company.[6] In 2000 the group opened its first supermarkets in Zimbabwe and Uganda.[8][9] 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. In 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.[6][10][11]

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 South Africa's number 1 supermarket in the 2010 Sunday Times Top Brand Survey. Deloitte’s Global Powers of Retailing 2014 ranked The Shoprite Group as the 94th largest retailer in the world.[6]

In 2011 it was announced that the Shoprite Group entered into an agreement with Metcash Trading Africa (Pty) Limited. Under the terms of that agreement, the franchise division of Metcash was 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.[6][12]

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 supermarket in Gombe, Kinshasa.[13]

Shoprite Holdings announced at the company’s Annual General Meeting held on 31 October 2016 that the company’s Chief Executive Officer, Whitey Basson, decided to retire at the end of December 2016. The board appointed Pieter Engelbrecht (born c. 1970), the former Chief Operating Officer, as the incoming CEO as of 1 January 2017. He has been with the company for over 20 years and played a leading role in the company’s growth under Basson’s leadership.[14]

Brands[edit]

Shoprite Holdings Limited comprises the following entities: the Shoprite Checkers Supermarket Group, which consists of 613 Shoprite supermarkets; 209 Checkers Supermarkets; 37 Checkers Hypers; 367 Usave stores; 488 Furniture outlets (including OK Furniture, OK Power Express, House & Home) 197 Hungry Lion fast food outlets; 162 MediRite pharmacies and 390 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 2689 corporate outlets under various brand names. They consist of:[15]

Name Stores Countries
Shoprite 613 Angola, Botswana, Democratic Republic of Congo, Ghana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Uganda, Zambia
Checkers 209 Botswana, Namibia, South Africa
Checkers Hyper 37 South Africa
Usave 367 Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Zambia
OK Furniture which includes OK Power Express 436 Angola, Botswana, Lesotho, Mozambique, Namibia, South Africa, Swaziland, Zambia
House & Home 52 Botswana, Namibia, South Africa
Hungry Lion (Fast Food) 197 Angola, Botswana, Lesotho, Namibia, South Africa, Swaziland, Zambia
LiquorShop 390 Lesotho, Namibia, South Africa

These numbers exclude the 162 MediRite pharmacies (based in Angola, South Africa, Swaziland) as they are located within stores. 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 388 stores in Namibia and South Africa.[1]

References[edit]

  1. ^ a b "Shoprite Holdings: Financial Results for the year ended 2 July 2017". Johannesburg: Shopriteholdings.co.za. 2 July 2017. Retrieved 1 March 2018. 
  2. ^ Financial Times Staff (2016). "Financials for Shoprite Holdings Limited". The Financial Times. London. Retrieved 1 March 2018. 
  3. ^ a b Shoprite Holdings Limited (2016). "About Shoprite Holdings Limited; Retailers South Africa". Johannesburg: Fastmoving.co.za. Retrieved 1 March 2017. 
  4. ^ Farfan, Barbara (17 August 2017). "South Africa's Largest Retailers, From Steinhoff to Woolworths". New York City: Thebalance.com. Retrieved 1 March 2018. 
  5. ^ Kariuki, James (28 February 2018). "Shoprite takes up space in 7 key Kenyan malls". Business Daily Africa. Nairobi. Retrieved 1 March 2018. 
  6. ^ a b c d e f Shoprite Holdings Limited (1 March 2018). "Shoprite Holdings: Our Success Story". Johannesburg: Shopriteholdings.co.za. Retrieved 1 March 2018. 
  7. ^ Jones, Llewellyn (4 November 1997). "Africa: Shoprite Buys Ailing OK Bazaars For R1". Cape Argus. Cape Town. Retrieved 1 March 2018. 
  8. ^ Didas Kisembo, and Mark Keith Muhumuza (28 July 2015). "The Shoprite exit was evident but just delayed". Daily Monitor. Kampala. Retrieved 1 March 2018. 
  9. ^ Adengo, Jonathan (30 August 2017). "Shoprite replaces Nakumatt at Acacia Mall". Daily Monitor. Kampala. Retrieved 1 March 2018. 
  10. ^ 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. 
  11. ^ Odunsi, Wale (22 January 2018). "Shoprite operator in Nigeria ordered to pay $10m for breach of contract". Daily Post. Lagos. Retrieved 1 March 2018. 
  12. ^ Just-Food.Com (9 March 2011). "South Africa: Shoprite Acquires Metcash's Franchise Division". Just-food.com. Retrieved 1 March 2018. 
  13. ^ Douglas, Kate (31 July 2012). "Shoprite takes on the DRC". Howwemadeitinafrica.com. Retrieved 1 March 2018. 
  14. ^ Shoprite Holdings Limited (1 January 2017). "More about Pieter Engelbrecht". Johannesburg: Shopriteholdings.co.za. Retrieved 1 March 2018. 
  15. ^ Shoprite Holdings Limited (1 March 2018). "Shoprite Holdings Limited: Our Group". Johannesburg: Shopriteholdings.co.za. Retrieved 1 March 2018.