• Contact
  • Privacy Policy
Blacksonrise.com
DONATE
  • Consultation EST
  • Herbs
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
  • Consultation EST
  • Herbs
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
Blacksonrise.com
No Result
View All Result

Shoprite reports record sales of nearly R157 billion – SABC News

blacksonrise by blacksonrise
September 8, 2020
in Uncategorized
0
Shoprite signals plans to leave Nigeria – SABC News
0
SHARES
273
VIEWS
Share on FacebookShare on Twitter

Retailer Shoprite, the owner of Usave and Checkers, has reported an increase in market share and record revenue for the year ended in June 2020.

The company’s Chief Executive Officer  Pieter Engelbrecht, says despite the COVID-19 pandemic and its significant lockdown restrictions, they did well because they were considered essential services.

Retail giant Shoprite reported record sales of nearly R157 billion for the financial year. The stellar numbers are despite South Africa’s economy shrinking by a 51% annualised decrease in GDP in the second quarter.

Engelbrecht says Shoprite has also opened 147 new stores.

“The whole year was very good for the group. We went into the COVID very strongly. To a large degree, COVID has had its negative effects but we must not discount the fact that there were also some positives as we were very fortunate to be essential service and secondly because of the closure of restaurants and fast food and we benefitted on that sides. Although 147 stores are still a lot it’s about between 2 and 3% off space growth for the group.  We had to slow down in opening stores during the COVID period, we only opened six stores in the last quarter that has been now accelerated after lockdown.”

Credit: Source link

Previous Post

Africa: Attacks on Students, Teachers, and Schools Surge in Africa's Sahel

Next Post

President tests negative for covid19

Next Post
President tests negative for covid19

President tests negative for covid19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

HOT Updates

No Content Available

BlackSonRise.com is an online news portal which aims to provide Caribbean News, African News, Business and much more stuff like that. Feel free to get in touch with us!

Follow us on social media:

Recent News

  • Eyewitness: Christmas Eve… | INews Guyana
  • UK stocks edge higher in muted holiday trading – SABC News
  • History repeats for NYCFC against Costa Rican debutant

Subscribe NOW

Loading
  • Contact
  • Privacy Policy

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

No Result
View All Result
  • Consultation EST
  • Herbs
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

USD $
  • USD USD $
  • EUR EUR €
  • GBP GBP £