Africa’s largest supermarket group Shoprite is showing double-digit sales growth, indicating continued market share gains against competitors. In an operational update released on Thursday, the retailer says total merchandise sales for the six months ended January 2, 2022, rose 10% to R91.1 billion, supported by the continuing good performance of its core South African supermarkets business which achieved 11.3% sales growth during the period.
Furniture segment … Shoprite’s furniture segment which contributes 4% to group sales – and is made up of the OK Furniture and House & Home brands – reported a decline in sales of 6.5% for the period. The furniture segment is coming off a high base seen in the prior year, which was supported by more consumers investing in home improvements during the peak of the Covid-19 lockdown restrictions.