Search:  
Western Cape Business News
639
VIEWS

Send  Share  RSS  Twitter  09 Jul 2009

RETAILING: Shoprite's Turnover Up 25%

 



Recent Western Cape Business News

For the 12 months to end June 2009 the Cape Town-based Shoprite Group increased total turnover by 24,5% to about R59,3 billion. Growth on a like-for-like basis was 19,1%. During this period internal food inflation rose to 15,8% compared to 10,6% during the corresponding 12 months.

Turnover growth slowed in the second half of the year to 21,8% from 27,3%. Management ascribes the slower turnover growth to the increasing pressure on the disposable income of consumers and the lower internal food inflation which reduced from 16,9% in the first six months to 14,7% in the second.

The South African supermarket division, the core operation of the Group, increased sales by 22,8%. This division continued its policy of cutting margins on basic foodstuffs to alleviate the impact of food price increases on consumers.

The 102 supermarkets the Group operates outside the borders of South Africa grew turnover by 39,9% compared to the previous year. The growth achieved on a like-for-like basis was 36,7%. Lower turnover growth in the second half of the year resulted from the strengthening of the rand against the currencies of some of the countries in which it trades in Africa.

The Franchise Division, trading mainly under the OK banner, reported a turnover increase for the 12 months of 26,6%.

Despite reduced consumer spending on durable goods the Furniture Division succeeded in growing turnover by 13,9% in a relatively low inflationary environment.


 
 
 
calvert-gasBusiness ProfilesMerchant Commercial Finance  (Pty) LtdAfriwire and Steel (Pty) Ltdsolid-wood-furniture-western-cape
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2017 www.wcbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Western Cape Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: