Shoprite Holdings Ltd

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

Shoprite Holdings Ltd
Company typePublic
JSE: SHP
IndustryRetail
Founded1979; 45 years ago (1979)
HeadquartersBrackenfell, Western Cape, South Africa
Number of locations
3,543 stores (Distribution of total operations as at 31 December 2023)
Key people
P.C. Engelbrecht (CEO)
Wendy Lucas-Bull (Chairperson)
RevenueIncreaseR123.7 billion (FY 2024 interim financial results) [1]
IncreaseR3.3 billion (FY 2024 interim financial results)[2]
Number of employees
Over 160,000 (as at December 2023)
SubsidiariesCheckers
Websitewww.shopriteholdings.co.za

Shoprite Holdings Ltd (Shoprite) is Africa’s largest supermarket retailer, operating 3,543[3] stores across the continent (distribution of total operations as at 31 December 2023). The company's headquarters are in Brackenfell in the Western Cape province of South Africa. Shoprite is a public company listed on the Johannesburg Stock Exchange and A2X Markets in South Africa, with secondary listings on both the Namibian and Lusaka stock exchanges. The Shoprite Group employs more than 160,000 people and is the largest private sector employer in South Africa.

A Shoprite store in Zeerust.

History

International presence of Shoprite supermarkets

The Shoprite Group of companies was established when PEP Stores purchased a small grocery company with eight stores from the Rogut family in 1979.[4] 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.[5]

In 1997 struggling "OK Bazaars" was acquired by the company from South African Breweries for one rand,[6] adding 139 OK Bazaars stores and 18 Hyperamas to the company.[7] In 2000 the group opened its first supermarkets in Zimbabwe and Uganda.[8][9] 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.[10][11]

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.[12] Deloitte's Global Powers of Retailing 2019 (covering the 2017 financial year) ranked The Shoprite Group as the 86th largest retailer in the world.[13]

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.[14][15]

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.[16]

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.[17]

Brands

Shoprite Holdings Limited comprises the following entities:[18]

Name Description
Shoprite The Group’s original and flagship brand and the biggest food retailer in Africa.
Usave Usave offers basic goods at stripped-to-the-bone prices, focusing on lower-income markets.
Checkers and Checkers Hyper The Checkers brand is defined by convenience, quality and freshness[citation needed], and markets to affluent consumers.
Checkers Foods Checkers Foods, a smaller format focuses on convenience.
Shoprite LiquorShop and Checkers LiquorShop Shoprite and Checkers LiquorShop stores provide alcoholic and non-alcoholic beverages. 
Checkers Sixty60 Checkers Sixty60 is an on-demand service that delivers alcohol and groceries within an hour, and at the same prices as in-store.
Pingo The Group's on-demand delivery platform business following the joint venture with the RTT group.
Petshop Science A specialist petshop.
Little Me A standalone store for parent-customers.
UNIQ clothing by Checkers UNIQ clothing by Checkers is a standalone apparel brand that provides discerning customers with premium quality wardrobe basics.
Checkers Outdoor A standalone outdoor store for nature enthusiasts.
House & Home House & Home caters to consumers in need of homeware, furniture, electrical appliances and more. 
OK Furniture The OK Furniture brand offers furniture, electrical appliances and more to middle-income communities.
Rainmaker Media A precision retail media agency that creates campaigns using data, not guesswork.
K’nect Cellular products and related services. In 2021, the Group launched its own mobile network, K’nect mobile, under this brand. 
Medirite Medirite provides healthcare products.
Transpharm Transpharm Pharmaceutical Wholesalers distributes pharmaceuticals and surgical equipment across South Africa via Shoprite Holdings’ distribution centres.
OK Franchise division The OK Franchise division franchises different retail formats (OK Foods, OK MiniMark, OK Express, OK Grocer, OK Urban and President Hyper), a liquor outlet, OK Liquor, and a wholesale outlet, Megasave.
Red Star Wholesale and Catering Services Red Star Wholesale and Catering Services (formerly known as Checkers Food Services) delivers products to the catering and hospitality industries.
Computicket and Computicket Travel Computicket and Computicket Travel is the largest ticketing service provider in South Africa[citation needed], specialising in tickets for business, entertainment and travel.
Freshmark Freshmark is responsible for the Group’s fruit and vegetable procurement and supplying fresh fruit and vegetables to its stores across South Africa and other parts of Africa.

References

  1. ^ "SHP - Shoprite Holdings - Unaudited Results for the 26 weeks ended 31 December 2023" (PDF). Shoprite Holdings. Retrieved 5 March 2024.
  2. ^ "SHP - Shoprite Holdings - Unaudited Results for the 26 weeks ended 31 December 2023" (PDF). Shoprite Holdings. Retrieved 5 March 2024.
  3. ^ "SHP - Shoprite Holdings - Unaudited Results for the 26 weeks ended 31 December 2023" (PDF). Shoprite Holdings. Retrieved 5 March 2024.
  4. ^ "Shoprite Holdings | Our Story". www.shopriteholdings.co.za. Retrieved 4 March 2022.
  5. ^ "Our Story". Shoprite Holdings. Retrieved 18 November 2019.
  6. ^ Jones, Llewellyn (4 November 1997). "Africa: Shoprite Buys Ailing OK Bazaars For R1". Cape Argus. Cape Town. Retrieved 1 March 2018.
  7. ^ "Shoprite snaps up OK for R1 - News". M&G. 4 November 1997. Retrieved 19 November 2019.
  8. ^ Didas Kisembo, and Mark Keith Muhumuza (28 July 2015). "The Shoprite exit was evident but just delayed". Daily Monitor. Kampala. Retrieved 1 March 2018.
  9. ^ Adengo, Jonathan (30 August 2017). "Shoprite replaces Nakumatt at Acacia Mall". Daily Monitor. Kampala. Archived from the original on 1 March 2018. Retrieved 1 March 2018.
  10. ^ 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.
  11. ^ Odunsi, Wale (22 January 2018). "Shoprite operator in Nigeria ordered to pay $10m for breach of contract". Daily Post. Lagos. Retrieved 1 March 2018.
  12. ^ "These are the Winners of the 2019 Sunday Times Top Brands Awards". Tiso Blackstar Events. 20 September 2019. Retrieved 19 November 2019.
  13. ^ "Global Powers of Retailing Top 250" (PDF). deloitte.com. Deloitte. 2019. Retrieved 19 November 2019.
  14. ^ "Shoprite-Metcash merger approved". IOL Business Report (in Indonesian). 15 November 2019. Retrieved 19 November 2019.
  15. ^ Just-Food.Com (9 March 2011). "South Africa: Shoprite Acquires Metcash's Franchise Division". Just-food.com. Archived from the original on 1 March 2018. Retrieved 1 March 2018.
  16. ^ Douglas, Kate (31 July 2012). "Shoprite takes on the DRC". Howwemadeitinafrica.com. Retrieved 1 March 2018.
  17. ^ Cordeur, Matthew le (31 October 2016). "Whitey Basson to retire as Shoprite CEO". Fin24. Retrieved 19 November 2019.
  18. ^ "Shoprite Holdings | Our Group". www.shopriteholdings.co.za. Retrieved 14 December 2021.
Business positions
Preceded by CEO of Shoprite, P.C. Engelbrecht
2017 – present
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