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Shoprite concludes sale of Nigerian subsidiaries theadvocatengr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadvocatengr.com Daily Mail and Mail on Sunday newspapers.
Shoprite concludes sale of Nigerian subsidiaries punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
Shoprite concludes sale of Nigerian subsidiaries theadvocatengr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadvocatengr.com Daily Mail and Mail on Sunday newspapers.
Photo: Netwerk24 Food and furniture retailer Shoprite said liquor sales declined by 21.8% due to Covid-19 nationwide lockdown regulations with outlets closed for a total of 79 days over six months. The group released a trading update for the six months ended 27 December 2020 on Monday where it was also announced that the group incurred Covid-19 related costs which amounted to approximately R180.1 million. The group s LiquorShop business was required to close for trade on Fridays and weekends and more recently, close completely. The total number of days our liquor business was closed totalled 79 days over the six months: 60 days during the first quarter and 19 days during the second quarter, said the group in the update. ....
Shoprite shares climb as the retailer delivers growth Operational update for the six months ended 27 December 2020 For the six months to 27 December 2020 the Shoprite Group increased total sale of merchandise by 4.7% to approximately R83.4bn. Excluding the impact of the closure of the RSA LiquorShop business due to COVID-19 lockdown regulations, the Group increased total sale of merchandise by 6.3%. The following information provides context to the overall sales growth: Supermarkets RSA The Group’s core business, Supermarkets RSA, contributing 78.0% to Group sales, achieved sales growth of 5.6% (like-for-like 4.8%). Supermarkets RSA, excluding LiquorShop sales, achieved sales growth of 7.8% (like-for-like 5.7%). Checkers and Checkers Hyper reported sales growth of 11.1%. ....