News Formal

Why Shoprite shares slumped - even as it grew market share for 40 straight months | Fin24

  • 📰 News24
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Shoprite is pressing ahead with a rapid expansion of its store base as it looks to extend a 40-month streak of market share gains, also not letting up on promotional activity as a difficult economic environment erodes the spending power of its customers.

About 220 of the new stores will be supermarkets - about half under the Shoprite brand and half under the Checkers brand.

Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And continue paying employees cents !

United States United States Latest News, United States United States Headlines

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

Shoprite steams ahead, with double-digit earnings and dividend growthShoprite Holdings – Africa’s largest grocer – on Tuesday delivered another robust full-year performance, with double-digit growth in headline earnings and dividends for the year ended 3 July 2022. Moneyweb Results
Source: Moneyweb - 🏆 5. / 77 Read more »

MARKET WRAP: JSE holds up as its European peers reel from energy supply jittersThe local share market is still recovering after a big sell-off last week during which foreign investors offloaded R14.9bn worth of shares on a net basis
Source: BDliveSA - 🏆 12. / 63 Read more »