{"id":836590,"date":"2025-09-02T09:00:40","date_gmt":"2025-09-02T07:00:40","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=836590"},"modified":"2025-09-02T09:00:45","modified_gmt":"2025-09-02T07:00:45","slug":"south-africas-biggest-retailer-opening-even-more-stores-across-the-country","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/836590\/south-africas-biggest-retailer-opening-even-more-stores-across-the-country\/","title":{"rendered":"South Africa\u2019s biggest retailer opening even more stores across the country"},"content":{"rendered":"\n

Shoprite has continued its store expansion amid a large rise in earnings, with more store openings planned for the coming year. <\/p>\n\n\n\n

The group surpassed the R250 billion sales mark during the financial year ended 30 June 2025, with sales growth equating to R20.6 billion.\u00a0<\/p>\n\n\n\n

Its core Supermarkets RSA segment saw Shoprite and Usave\u2019s turnover increase by 5.9%, equating to sales growth of R6.5 billion from a substantial base of R110.1 billion.<\/p>\n\n\n\n

Checkers\u2019 value-focused premium offer is also gaining share, evidenced by sales growth of 13.8%, contributing an additional R11.6 billion. <\/p>\n\n\n\n

Checkers opened 68 stores during the year, including 36 LiquorShop stores. This takes the total number of Checkers supermarkets to 350, including 40 Checkers Hypers. <\/p>\n\n\n\n

\u201cWe believe that Checkers\u2019 incredible success in terms of its vision to democratise premium food retail remains underrepresented in the South African market,\u201d said CEO Pieter Engelbrecht. <\/p>\n\n\n\n

\u201cOur strategy to continue the conversion of existing stores to our winning FreshX format, whilst opening stores in areas where we are underrepresented, remains one of our top priorities over the medium term.\u201d <\/p>\n\n\n\n

Overall, across the core Supermarkets RSA business, the group added a net 225 stores to its base, increasing the total number of stores to 2,577. <\/p>\n\n\n\n

223 more stores are lined up to open in the 2026 financial year.<\/p>\n\n\n\n

During the financial year, the group announced that it would sell its furniture business and its stores in Ghana and Malawi.\u00a0<\/p>\n\n\n\n

Despite having 430 stores across these discontinued operations, the group\u2019s total number of stores, including the discontinued operations, still rose by a net 269 to 3,908.<\/p>\n\n\n

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\"\"<\/a><\/figure><\/div>\n\n\n

Sixty60 keeps growing\u00a0<\/h2>\n\n\n\n

Looking elsewhere, the group noted that Sixty60\u2019s sales increased by 47.7%, equating to R18.9 billion this year. <\/p>\n\n\n\n

Outside of sales growth, the group saw improvements in the Sixty60 customer experience, evidenced by its 94.0% on-time deliveries and 96.9% order fulfilment. <\/p>\n\n\n\n

The group also launched a new Checkers transactional website, making its full range of products available on the web, which can be delivered in one hour. <\/p>\n\n\n\n

\u201cIn addition, we re-platformed Sixty60 whilst adding general merchandise delivery from our Checkers Hypers to our on-demand offer,\u201d said Engelbrecht. <\/p>\n\n\n\n

\u201cThese substantial steps build on the strong foundation we have established as we extend our delivery offer across our other categories and trading formats in the future.\u201d\u00a0<\/p>\n\n\n\n

Financials\u00a0<\/h2>\n\n\n
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Overall, Shoprite\u2019s financials remained strong, with the group seeing its earnings per share increase by 22.0% to 1,401.2 when including discontinued operations. <\/p>\n\n\n\n

The group\u2019s total profit increased by 21.9% to R7.6 billion, while revenue increased by 8.6% to R257 billion. <\/p>\n\n\n\n

The group\u2019s total dividend for the year increased by 7.9% to 781 cents over the period. <\/p>\n\n\n\n

Engelbrecht has voiced his displeasure over the sale of the group\u2019s furniture business to Pepkor, which has faced issues with competition authorities.\u00a0<\/p>\n\n\n\n

\u201cThe Competition Tribunal grante a competitor intervention rights at a late stage in the merger proceedings subsequent to the Competition Commission recommending the transaction for approval,\u201d he said.\u00a0<\/p>\n\n\n\n

\u201cWe are entering into a second year of operating a profitable furniture business, which has been classified as discontinued and as such excluded from the group\u2019s profitability on a continuing operations basis, whilst not having received the sale transaction proceeds.\u201d <\/p>\n\n\n\n

\u201cDelays of this nature are unproductive for these businesses and our employees in them, and as a result, we seek transaction conclusion as soon as possible.\u201d <\/p>\n\n\n\n

Metric<\/th>% Change<\/th>2025<\/th>2024<\/th><\/tr><\/thead>
Revenue (Rm)<\/td>8.6<\/td>256 682<\/td>236 328<\/td><\/tr>
Profit\/(loss) for the year including discontinued operations (Rm)<\/td>21.9<\/td>7 583<\/td>6 221<\/td><\/tr>
\u2514 Attributable to owners of the parent (Rm)<\/td><\/td>7 585<\/td>6 248<\/td><\/tr>
\u2514 Attributable to non-controlling interest (Rm)<\/td><\/td>(2)<\/td>(27)<\/td><\/tr>
Headline earnings per share including discontinued operations (cents)<\/td>20.2<\/td>1 431.6<\/td>1 191.4<\/td><\/tr>
Basic earnings per share including discontinued operations (cents)<\/td>22.0<\/td>1 401.2<\/td>1 148.6<\/td><\/tr>
Dividend per share (cents)<\/td>9.7<\/td>781.0<\/td>712.0<\/td><\/tr><\/tbody><\/table><\/div>
Includes discontinued operations <\/figcaption><\/figure>\n\n\n\n
\n","protected":false},"excerpt":{"rendered":"

Shoprite continues to open new stores, but is facing issues with the sale of its furniture business to Pepkor.<\/p>\n","protected":false},"author":95,"featured_media":834188,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[5223,4076,7520],"class_list":["post-836590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-checkers","tag-pepkor","tag-shoprite"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/836590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=836590"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/836590\/revisions"}],"predecessor-version":[{"id":836598,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/836590\/revisions\/836598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834188"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=836590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=836590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=836590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}