Shoprite (retailer)

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This article is about the South African retailer. For other uses, see ShopRite (disambiguation).

[1]

Shoprite Holdings
TypePublic
JSE: SHP
IndustryRetail
Founded1979
HeadquartersBrackenfell, Western Cape, South Africa
Key people
RevenueIncreaseR171 billion (FY 2021)[2]
IncreaseR4.86 billion (FY 2021)[2]
SubsidiariesCheckers
Websitewww.shopriteholdings.co.za

The Shoprite Group (JSE: SHP), is South Africa's largest food retailer. It operates more than 2,913 stores across Africa. The company's headquarters are in Brackenfell in the Western Cape province of South Africa. Shoprite Holdings Limited is a public company listed on the Johannesburg Stock Exchange, with secondary listings on both the Namibian and Zambian Stock Exchanges. As of 2021, the Shoprite Group employed more than 142,000 people in more than 2,913 stores across the African continent.

A Shoprite store in Zeerust.

History[]

International presence of Shoprite supermarkets

The Shoprite Group of companies was established in 1979. In 1990 Shoprite opened in Namibia. In 1991, it acquired the national Checkers chain. In 1995 the first store in Lusaka, Zambia, was opened. That same year they acquired a centralised distribution company Sentra, which had been acting as a central buyer for 550 owner-managed supermarkets, thereby allowing Shoprite to expand into franchising.[3]

In 1997 struggling "OK Bazaars" was acquired by the company from South African Breweries for one rand,[4] adding 139 OK Bazaars stores and 18 Hyperamas to the company.[5] In 2000 the group opened its first supermarkets in Zimbabwe and Uganda.[6][7] Two years later the company acquired the Madagascar stores of French chain Champion. The same year the company bought three Tanzanian supermarkets from Score Supermarket and opened it first Hypermarket outside of South Africa in Mauritius. In 2005 the Group acquired Foodworld as well as South African ticket seller Computicket, and opened the first Shoprite LiquorShop. The company also opened its first Nigerian store in the Victoria Island area of Lagos in December 2005.[8][9]

In 2008 the Shoprite Group was added to the JSE Top-40 Index of blue-chips. In 2019 Shoprite won the Proudly South African Brand Award and was voted the best in the Grocery Store category as part of the Tiso-Blackstar/Sunday Times Top Brand Survey.[10] Deloitte's Global Powers of Retailing 2019 (covering the 2017 financial year) ranked The Shoprite Group as the 86th largest retailer in the world.[11]

In 2011 it was announced that the Shoprite Group entered into an agreement with Metcash Trading Africa (Pty) Limited. Under the terms of that agreement, the franchise division of Metcash was to be sold to Shoprite Checkers, including franchise arrangements with franchisees operating retail stores under registered trademark names such as Friendly and Seven Eleven.[12][13]

On 19 April 2012, Shoprite became the first South African retailer to enter the Democratic Republic of Congo (DRC) as it opened the doors of a new supermarket in Gombe, Kinshasa.[14]

Shoprite Holdings announced at the company's Annual General Meeting held on 31 October 2016 that the company's Chief Executive Officer, Whitey Basson, decided to retire at the end of December 2016. The board appointed Pieter Engelbrecht (born c. 1970), the former Chief Operating Officer, as the incoming CEO as of 1 January 2017. He had been with the company for over 20 years and played a leading role in the company's growth under Basson's leadership.[15]

Brands[]

Shoprite Holdings Limited comprises the following entities:
The Shoprite Checkers Supermarket Group, which consists of:

  • 681 Shoprite supermarkets;
  • 239 Checkers Supermarkets;
  • 38 Checkers Hypers;
  • 448 Usave stores;
  • 426 Furniture outlets (including OK Furniture, OK Power Express, House & Home)
  • 145 MediRite pharmacies and 560 LiquorShops.

It has a ticketing business, Computicket, which operates from counters within Group stores and various free-standing outlets.

Through its OK Franchise Division, the Group procures and distributes stock to:

  • OK MiniMark convenience stores;
  • OK Foods supermarkets;
  • OK Grocer stores;
  • Megasave wholesale stores;
  • OK Value stores;
  • Sentra stores and buying partners,
  • Friendly supermarkets;
  • Friendly Liquor stores;
  • OK Express;
  • OK Liquor stores.

The company has 2 400 corporate stores under various brand names. They consist of:[16] [2][17]

Name Stores Countries
Shoprite 681 Angola, Botswana, Democratic Republic of Congo, Ghana, Lesotho, Madagascar, Malawi, Mozambique, Namibia, Nigeria, South Africa, Eswatini, Uganda, Zambia
Checkers 239 Botswana, Namibia, South Africa
Checkers Hyper 38 South Africa
Usave 448 Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Eswatini,
OK Furniture and Power Express 383 Angola, Botswana, Lesotho, Mozambique, Namibia, South Africa, Eswatini, Zambia
House & Home 43 Botswana, Namibia, South Africa
LiquorShop 560 Lesotho, Namibia, South Africa, Botswana, Mozambique
K'nect 8 South Africa

These numbers exclude the 145 MediRite pharmacies as they are located within stores. The company also owns franchising brands through its OK Franchise Division under different types of retail formats (Foods, OK Grocer, OK MiniMark, OK Express & Sentra), a liquor outlet (OK Liquor) and a wholesale outlet (Megasave), totaling 513 stores in Eswatini, Namibia and South Africa.[17]

Notable Incidents[]

On 24 December 1996, a bomb exploded in a Shoprite store in Worcester, killing 3 people and injuring more than 50. It was a racially motivated act committed during a politically unstable period within South Africa.

References[]

  1. ^ "FY2021 Financial Results" (PDF). Shoprite Holdings. 7 September 2021.
  2. ^ Jump up to: a b c "SENS announcement Shoprite Holdings Limited" (PDF). 2020. Retrieved 8 September 2020.
  3. ^ "Our Story". Shoprite Holdings. Retrieved 18 November 2019.
  4. ^ Jones, Llewellyn (4 November 1997). "Africa: Shoprite Buys Ailing OK Bazaars For R1". Cape Argus. Cape Town. Retrieved 1 March 2018.
  5. ^ "Shoprite snaps up OK for R1 - News". M&G. 4 November 1997. Retrieved 19 November 2019.
  6. ^ Didas Kisembo, and Mark Keith Muhumuza (28 July 2015). "The Shoprite exit was evident but just delayed". Daily Monitor. Kampala. Retrieved 1 March 2018.
  7. ^ Adengo, Jonathan (30 August 2017). "Shoprite replaces Nakumatt at Acacia Mall". Daily Monitor. Kampala. Retrieved 1 March 2018.
  8. ^ Adekunle, Tunmise (9 January 2006). "Shoprite's chances in Lagos' Congested Superstore Business" (PDF). Thisday. Archived from the original (PDF) on 26 October 2007. Retrieved 27 April 2008.
  9. ^ Odunsi, Wale (22 January 2018). "Shoprite operator in Nigeria ordered to pay $10m for breach of contract". Daily Post. Lagos. Retrieved 1 March 2018.
  10. ^ "These are the Winners of the 2019 Sunday Times Top Brands Awards". Tiso Blackstar Events. 20 September 2019. Retrieved 19 November 2019.
  11. ^ "Global Powers of Retailing Top 250" (PDF). deloitte.com. Deloitte. 2019. Retrieved 19 November 2019.
  12. ^ "Shoprite-Metcash merger approved". IOL Business Report (in Indonesian). 15 November 2019. Retrieved 19 November 2019.
  13. ^ Just-Food.Com (9 March 2011). "South Africa: Shoprite Acquires Metcash's Franchise Division". Just-food.com. Retrieved 1 March 2018.
  14. ^ Douglas, Kate (31 July 2012). "Shoprite takes on the DRC". Howwemadeitinafrica.com. Retrieved 1 March 2018.
  15. ^ Cordeur, Matthew le (31 October 2016). "Whitey Basson to retire as Shoprite CEO". Fin24. Retrieved 19 November 2019.
  16. ^ Shoprite Holdings, Sens Announcement (16 March 2021). "Unaudited results for the 26 weeks to 27 December 2020" (PDF).
  17. ^ Jump up to: a b "Integrated Report 2017" (PDF). shopriteholdings.com. Shoprite. 2018. Retrieved 19 November 2019.

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External links[]

Business positions
Preceded by
Whitey Basson 		CEO of Shoprite, P.C. Engelbrecht
2016 – present
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