Creativity is vital in coming up with business ideas. Business owners want their label to provide unique products and services so that consumers chose them. Shoprite (South Africa) is the largest retailers in South Africa from where you can buy anything at an affordable price. With so many outlets across the country, you can buy anything anytime. Who owns Shoprite? Who started this brilliant retail brand where you can buy anything anytime? Read on to find out.
Shoprite Holdings LTD is an African retailer that operates in countries across Africa and the Indian Ocean Islands. The primary business of the company is related to food retailing, house products, pharmacies, and other services.
The Shoprite Group started from humble beginnings from an 8-store shop valued at R1 million in Capetown in 1979. Through the investments and leadership of Whitney Basson, the retired Managing Director and Chief Executive of the Group, the 8-store chain was transformed into multi-billion international retail with over 2,998 stores, and more than 147,268 employees from over 15 countries in Africa including Zambia, Botswana, Kenya, Nigeria, among others.
Who owns Shoprite holdings?
So who is Shoprite owned by? The Shoprite Group does not have one owner as it is owned by a big number of different shareholders. However, the company has some key people. Pieter Engelbrecht is the current Shoprite CEO who assumed office on January 1st, 2017. With 20 years of experience, he is an expert in extensive operations and management; therefore, the Shoprite Group is in capable hands. With Pieter Engelbrecht in control, the Group has become the largest food retailer in Africa, the largest private employer, and the most profitable retail brand with the lowest prices in South Africa.
In 1991, the Group acquired the Checkers supermarket chain, which focuses mainly on fresh produce and other food items. Together, they formed the Shoprite Checkers Supermarket Group, an entity which up to date comprises of 228 Checkers supermarkets and 37 Checkers hypermarkets.
The Shoprite liquor store department has many shops open in the country that offer all kinds of beverages from cold beer, whiskey, top local and international wines, premium spirits, as well as an exquisite House of Fine Whiskey selection. Most of the liquor stores are located near Shoprite supermarkets for easy access.
Checkers LiquorShop also has a wide selection of wine, beer, spirits, and other alcoholic beverages. The first LiquorShop was opened in 2005, and the company currently has 490 stores.
There are 16 Shoprite South Africa brands, including:
- Checkers Hyper
- Usave stores
- Shoprite LiquorShop
- Checkers LiquorShop
- OK Furniture chain
- House & Home
- MediRite pharmacies
- TransPharm pharmaceutical wholesalers
- Checkers Food Services
- Computicket Travel
- K’nect stores
- OK Franchise Division franchises (OK Foods, OK Grocer, OK MiniMark, OK Express & Sentra, OK Liquor, Megasave)
Shoprite business hours
Most of the Shoprite stores and supermarkets operate daily from 07:00 to 19:00. The stores offer essential facilities such as ATMs, free parking, restaurants, toilets, and wheelchair friendly equipment.
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Shoprite share price
The Group is one of the most extensive JSE stocks with a market cap of R3.283 billion for June 1, 2020. The supermarket department generates over 83% of the total trading profits, having dominated the food retailing business in the country with millions of their loyal customers. Their growth is owed to their consideration in prices for low, middle, and high-income groups.
Shoprite share price can be found on its share price graph on the website of the company. You can also buy the Shoprite Holdings shares with the help of a stock advisor or your bank.
Shoprite near me
The company has embraced the use of technology by creating a PNP to promote shopping on its website, shoprite.co.za. This way, customers get to know the stores close to them as well as the products in stock with their prices.
Thanks to the able leadership in the firm as well as the support of their loyal customers, the company has received several awards, including:
1. The Number one Food Retailer award from the TGI Icon Brands
2. The Number one Toy Retailer award from the TGI Icon Brands
3. Number 1. Grocery Retailer from the Times Sowetan Retail Awards
4. South Africa's Number one Supermarket by the Sunday Times Top Brands Survey
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Here are the answers to the most asked questions about the company.
Who is the real owner of Shoprite?
The company does not have a single Shoprite owner. It has multiple shareholders.
Is Shoprite a franchise?
Shoprite is not a franchise but it includes a franchise brand named OK Franchise Division. Now, the company has 6 unique franchise formats, but it is growing its franchise options. There are 398 franchise stores across South Africa and 62 in other countries.
Shoprite has established itself as the go-to store for any product by creating a friendly environment for its customers. The corporate has stood the test of time over the years, all thanks to the excellent leadership with the help of all their workers and support of their loyal customers.
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