Skip to main content

Shoprite’s growing African footprint

| Retailer trading results

Shoprite CEO Pieter Engelbrecht told investors at its results presentation that it would not have considered Kenya five years ago because it was home to three established retailers.

However, things have changed and the Kenyan retail space is in disarray, Nakumatt, once East Africa’s top retailer, filing for bankruptcy.

Shoprite has been in talks with property owners in Kenya to fill the spaces left by Nakumatt and on Tuesday announced that is had secured seven sites and leases as a result. Shoprite plans to open its doors in Kenya by the end of the year.

Engelbrecht spoke to Business Day TV about the retailer’s plans.

Shoprite CEO Pieter Engelbrecht talks to Business Day TV about the retailer’s plans

Pin It
Whatsapp
Back to Homepage

News Category

Related Articles

Dis-Chem delivers into its strategic growth dri...

In the six-month period ending 31 August 2024, Dis-Chem reported Group revenue growth of 9.6% to R19.6 billion over the corresponding half year period to 31 August 2023.
Read Full Article

Pick n Pay delivers early momentum on its turna...

The Pick n Pay Group’s turnaround strategy is gaining traction with encouraging progress made across a number of key strategic and operational initiatives, including another formidable performance from its Boxer business and an underlying improvem...
Read Full Article

Shoprite Group's affordability focus wins with ...

Reviewed results for the 52 weeks ended 30 June 2024 and cash dividend declaration
Read Full Article

Woolworths expects 19% cut in full-year earnings

By Jacqueline Mackenzie – BusinessLive Woolworths expects to report lower earnings for the full year as challenging trading conditions affected consumer discretionary spend across its businesses,
Read Full Article

Pick n Pay plunges 16% on JSE as stock adjusts ...

By: Tawanda Karombo – IOL Business Report Pick n Pay share price dropped by 16% in mid-morning trade on the JSE yesterday (17/07/2024) before narrowing down to a 14.84% just before lunch time, with analysts saying this was in line with the stock ...
Read Full Article