DStv Channel 403 Friday, 01 November 2024

Shoprite sees 12%increase in sales

JOHANNESBURG - South Africa’s largest supermarket chain, Shoprite, has announced a 12% increase in annual sales.

In a statement released on Tuesda, the group revealed that merchandise sales for the year ending in June surged to approximately R240.7 billion, factoring in hyperinflation effects in Ghana.

The like-for-like sales growth for the period was 6.3%, with the stores acquired from Walmart-owned Massmart contributing to this growth only in the second half of the year.

The group's flagship division, Supermarkets SA, saw a 12.3% sales boost, contributing 81% of the total revenue.

During this period, Shoprite expanded its footprint by a net 292 stores, including 73 OK Franchise locations, bringing its total to 3,639 stores.

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