Shoprite’s Checkers launches Ready to Chef meal kits that makes cooking easier

SOUTH AFRICA - Checkers, a South African FMCG retailer owned by Shoprite has launched Ready to Chef meal kits aimed at making cooking at home much easier, a report by IOL reveals. The meal kits, first for South African retailers have been developed by chefs and each meal kit has fresh and locally-sourced ingredients, a…

Shoprite reports 3.8% drop in annual earnings attributed to inflations

SOUTH AFRICA - Leading supermarket chain and Africa’s largest grocer Shoprite has reported a 3.8% decline in annual earnings for the year ended June 30 showing a dwindling performance in its South African home market and the continent. Reuters reported that the company's drop in diluted headline earnings per share to 968.7c was mainly attributed…

Shoprite opens its 25th grocery and food store in Nigeria

NIGERIA - The South African food and grocery retailer has opened its twenty-fifth store in the newly opened shopping mall, Novare Central, Wuse, Abuja saying the new outlet will offer more choices to customers in the region, reported the Vanguard. Shoprite said it continues to give customers lower prices on grocery items as it strives…

Shoprite reports 3.3% rise in sales despite Angolan hyperinflation

SOUTH AFRICA - Shoprite, one of the largest food retailers in Africa has posted 3.3% increase in sales to US$10.89m for the year ended June despite increasing inflation and a 50% currency devaluation which hit hard its business operations in Angola. Business Day has reported that results of hyperinflation were translated to lower revenues in…

South Africa’s Wiese cuts stake in grocer Shoprite after Steinhoff hit

SOUTH AFRICA - South Africa’s tycoon Christo Wiese has sold part of his stake in one of Africa’s biggest supermarket chain, Shoprite to raise US$264 million, boosting his finances after being dented by links to scandal-hit Steinhoff, according to a Reuters article. He raised the funding through his company, Titan which sold 17 million shares,…

Shoprite’s ‘job-readiness program’ to empower 12,000 youths

SOUTH AFRICA - Shoprite South Africa, one of the largest retailers in Africa aims to empower 12,000 youth in the retail sector under its ‘Retail Readiness programme’ initiative. The programme targets to empower youth between the ages of 18 to 29 years old in Gauteng and the Western Cape through eight-week training, according to Business…

ShopRite launches into meal kit space with new lines of gourmet and specialty food

USA - The retailers’ cooperative of supermarkets, ShopRite has expanded its range of store brands with the launch of private-brand meal kits, a new line of gourmet and specialty food, creating an internationally inspired food brand. According to FoodDive, the new line by the ShopRite Trading Company includes ethnic-inspired private brand meal kits under the…

Choppies half year results show 22% growth in sales and profits

SOUTH AFRICA - Choppies, the Botswana based and JSE listed multinational grocery has reported 22% growth in both sales and net profit and its share price rose 8.3% to US$0.21 for half year results. The trading statement was expected to be announced earlier in March 21 but delayed due to verification and valuation procedure which…

Shoprite’s CFO Marius Bosman to resign in July

SOUTH AFRICA - Shoprite’s Chief Financial Officer Marius Bosman will be stepping down from his position in July, after the retailer completes its financial accounts for the year ending June, reports Business Day. He will however remain as a consultant, according to the market announcement by the firm, as he has served for as long…

Zambeef opens a new outlet to enhance accessibility of meat and dairies

ZAMBIA - Zambeef Products Plc, one of Zambia’s largest producers of beef and other food products including dairy has opened a new macro store, Chalala to enable customers easily access its meat and dairy products. The new Macro outlet adds to the company’s strong retail chain network in Zambia consisting of 78 retail outlets, 19…