Shoprite’s Checkers and Hyper post growth in sluggish SA
15 February 2021 - 10:56
Shoprite’s trading update shows how much harder lower-end consumers were hit by 2020’s pandemic and lockdown restrictions, with its lower-income Usave stores growing at a much slower pace than middle-income Checkers stores.
The group, which owns Shoprite and Checkers, issued a voluntary trading update for the six months to December 27 that showed a 7.8% growth in SA led by the increase in food prices and opening of new stores. ..
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