Shoprite gains market share as store expansion continues

Shoprite, the owner of Checkers and Usave stores, says it gained market share in its half year to end-December, with store expansion helping it achieve almost double-digit sales growth in its core SA business.

The strategy of Checkers is to grow its share of spend in the mid-to-upper segment of the market continues to underpin the chain’s growth, it said. “Our group strategy to capture a larger share of SA’s premium food retail segment continues to be one of our drivers of growth as reflected particularly in the Checkers brand, together with hypers, growing sales by 11.2%,” said CEO Pieter Engelbrecht.

Something does not add up here... 'double-digit sales growth'... Retailers are fighting for survival in SA.

The canned recalls didnt cause a dent?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shoprite Checkers recalls canned pilchards due to safety concerns - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Shoprite Checkers has urged all customers that have purchased certain brands of 400 grams of canned pilchards, to check their tins for two specific batch codes. I would never buy these inferior quality products. Only well-known is best. Tweet the undesirable batch codes. Your tweet has 26 words and no mention of the batch codes What about the ones who cant read
Source: SABC News Online - 🏆 32. / 51 Read more »