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. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now