Tag: Shoprite

Shoprite finds buyer for Nigerian unit, awaits regulatory approval

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NIGERIA – Africa’s largest retailer Shoprite Holdings is said to have found a buyer for its Nigerian subsidiary, Retail Supermarkets Nigeria Limited. Reports by Reuters indicate that Nigerian property group Persianas emerged the winner of a bidding process organized to find a buyer for the business. The Palms shopping mall owner who also houses a Shoprite store in the West African country’s commercial capital, Lagos, is arranging debt for the buyout. While the asset has been valued by the seller at N30 billion (US$73 million), it’s not yet clear how…

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Shoprite offers uncompromised indulgence with launch of premium food range endorsed by SA’s top Chef

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SOUTH AFRICA – Shoprite owned Checkers, has launches an exclusive new premium food range called Forage & Feast, consisting of only the finest quality ingredients. This unique range includes some of the very best foods which have, until now, typically only been found at speciality delis and food emporiums, consisting of only the finest products to deliver uncompromised indulgence. Standout products include an authentic Sicilia passata sauce made with sun-ripened Datterino tomatoes; vinegar made from Italian Prosecco; rusks made with real butter and filled with wholesome ingredients such as almonds…

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Shoprite soars above COVID-19 hiccups reporting 4.7% rise in half year sales, banking on home market

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SOUTH AFRICA – South African retailer Shoprite has eased Africa push to focus on domestic market gains with the supermarket chain owner revealing that it closed the last of its Kenyan stores in February 2021 and terms of sale of 100% stake in its Retail Supermarkets Nigeria Ltd subsidiary have been concluded. This was indicated in the group’s half year results for the period ended December 2020, highlighting that the transaction has been lodged with the Nigerian Federal Competition and Consumer Protection Commission (FCCPC) for approval. Management expects the transaction…

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Shoprite collaborates with South African wine farmers to launch new private label wine brand, rescuing ailing industry

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SOUTH AFRICA – Leading African retailer, Shoprite has once again come to the rescue of South Africa’s wine industry with the introduction of a new exclusive private label wine brand known as Elephant’s Cousin. The new wines with unique flavour profiles and easy drinkability i.e., a sauvignon blanc, merlot and shiraz, will be widely available in Shoprites and Checker’s LiquorShops. Much like the supermarket’s popular Odd Bins range, the exact origin of the wine is kept secret to ensure it remains both affordable and accessible. Shoprite has indicated that the…

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Checkers expands Sixty60 grocery delivery service to Northern Cape, launches paper packaging recycling initiative

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SOUTH AFRICA – Checkers, a supermarket chain owned by Shoprite has launched its Sixty60 on demand one-hour grocery delivery service in the Northern Cape. Since first launching in late 2019 in a few neighbourhoods in the Western Cape and Gauteng, Checkers has rapidly expanded Sixty60 throughout the country. With more than 1 million app downloads, over 15 000 groceries to choose from on the Sixty60 app and delivery done under 60 minutes, the service remains South Africa’s reliable grocery delivery service. “Customer response has been exceptional due to the service’s…

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Shoprite furthers commitment to use sustainable energy, installs solar pv projects

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SOUTH AFRICA – Shoprite, Africa’s largest retailer has inked an agreement which will see the group procure 434 000 MWh of renewable energy per year for the next seven years, a first of its kind in Africa by any retailer. Further to that, the supermarket chain owner has made strides in reducing green-gas emissions by installing rooftop photovoltaic panels at 19 sites in South Africa and Namibia, generating 12 300 MWh of electricity – a year. Its largest installation is at its Basson distribution centre in Brackenfell, South Africa, covering…

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Shoprite’s half year total sales rise despite alcohol sales plunging by 21.8%

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SOUTH AFRICA – Africa’s largest retailer Shoprite, has indicated they are going a head with plans of exiting the Nigerian market with the sale of stake of its subsidiary, Retail Supermarkets Nigeria Limited. In a trading update, the supermarket chain owner highlighted that the terms of sale of the West African business had been concluded and that the transaction had been lodged with the Nigerian Federal Competition and Consumer Protection Commission for approval. “Management expects the transaction to be approved by the end of the 2021 financial year,” said Shoprite.…

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Shoprite taken to court by aggrieved workers in Namibia as it inches closer to its official exit from Kenya

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NAMIBIA – Workers of giant retailer Shoprite in Namibia are hopeful things will turn in their favour after the High Court ordered the retailer to stop hiring seasonal workers to perform the duties of aggrieved employees currently on a nationwide strike. The company recruited 390 new employees to replace the workers who have been striking since 27 December last year due to low wages and unfair working conditions, reports The Namibian. To this end the Namibian Food and Allied Workers Union (Nafau) took the retailer to court stating that it…

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Shoprite levels playing field by agreeing to drop exclusive lease agreements

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SOUTH AFRICA – South African retailer Shoprite has entered into a consent agreement with Competition Commission to immediately stop enforcing exclusivity provisions in its long-term lease agreements with its landlords against small, medium and micro enterprises (SMMEs) and speciality and limited line stores. This was confirmed by the Competition Tribunal of South stating that the agreement stops Shoprite from excluding competition from smaller suppliers who will now have better access to letting space in shopping centres where a Shoprite-owned store is located. Long-term exclusive lease agreements, entered into between property…

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Shoprite names first female Chair Wendy Lucas-Bull, ending Christo Wiese’s reign

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SOUTH AFRICA – Shoprite’s long-serving Chairman Christo Wiese will retire as the chair of the retail chain in November after four decades at the helm. Wiese, has been Shoprite’s chairperson since 1979 when his Pep Stores acquired the food retailer, growing it from a small supermarket chain with eight stores to the pan-African food retailer that it is today, reports Fin24. He will step down from his position after the company’s annual general meeting (AGM) scheduled for the 16th of November, but will remain on the board as a non-executive…

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