Shoprite’s merchandise sales for the 52 weeks ending July 2023 reached a staggering R215 billion, marking a 16.9% surge from the previous year.
- The company’s success can be attributed to its multi-year transformation strategy, focusing on smarter Shoprite and core supermarkets segmentation strategies.
- Shoprite’s core operations, including Shoprite, Usave, Checkers, Checkers Hyper, and LiqourShop, contributed to merchandise sales of R173.6 billion, a 17.8% increase from the prior year.
- During the past year, Shoprite opened a record-breaking 340 net new stores, bringing its total store count to 3,326.
- Checkers, Shoprite’s upper market supermarket chain, reported stellar growth with an 18% increase in merchandise sales, driven by its focus on fresh foods and premium brands.
- The on-demand grocery delivery service, Checkers Sixty60, played a significant role in boosting sales, expanding its presence to 466 stores and achieving a remarkable 81.5% increase in sales.
- Despite the impressive sales performance, Shoprite’s gross margins slightly declined to 24.1% due to investments in maintaining lower selling prices and the cost of diesel for backup energy solutions during load shedding.