Shoprite may pull plug on some offshore stores
Underperforming outlets in the rest of Africa tip grocer into a hefty 20% drop in annual profit
05 November 2019 - 05:43
Shoprite will consider pulling the plug on underperforming stores in the rest of Africa, two months after a weak showing in these supermarkets tipped the grocer into a hefty 20% drop in annual profit.
"If we have to close a country we will; we’ll take the decision no matter how hard it is," CEO Pieter Engelbrecht told shareholders at an annual meeting on Monday...
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