IN ITS effort to increase its footprints on the continent, the Shoprite Group plans to open 174 more stores by June next year.
The company revealed this in its interim results for the six months that ended in December last year.
The group reported a turnover increase of R13.2% to R41.05-billion.
Shoprite Group chief executive Whitey Basson said trading profit was boosted by particularly good sales during the festive season.
"Turnover during the second quarter gained 15.4% and in December it improved even further with an increase of 17.2%, which was helped along by a healthy demand for higher-margin general merchandise items.
"The reason for this strong performance lies in the fact that a wide selection of merchandise was once again available in stores well before the start of the festive season trading period so that we could reap the maximum benefit from increased consumer shopping," he said.
Basson said growing Shoprite's footprint remained a priority and a net 59 stores were opened during the six months to bring the total to 1 303. Of these, 852 were supermarkets and 308 furniture outlets. Shoprite's main focus continued to be on price.
Shoprite to open more stores
IN ITS effort to increase its footprints on the continent, the Shoprite Group plans to open 174 more stores by June next year.
The company revealed this in its interim results for the six months that ended in December last year.
The group reported a turnover increase of R13.2% to R41.05-billion.
Shoprite Group chief executive Whitey Basson said trading profit was boosted by particularly good sales during the festive season.
"Turnover during the second quarter gained 15.4% and in December it improved even further with an increase of 17.2%, which was helped along by a healthy demand for higher-margin general merchandise items.
"The reason for this strong performance lies in the fact that a wide selection of merchandise was once again available in stores well before the start of the festive season trading period so that we could reap the maximum benefit from increased consumer shopping," he said.
Basson said growing Shoprite's footprint remained a priority and a net 59 stores were opened during the six months to bring the total to 1 303. Of these, 852 were supermarkets and 308 furniture outlets. Shoprite's main focus continued to be on price.
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