Shoprite is once again stepping up to enable entrepreneurs to grow their businesses with the Shoprite Hustle competition. The annual competition boosts small business development and will celebrate established and promising small business owners who stand to win a share of more than R1 million in prizes. The Shoprite Group has launched an internationally-endorsed Master Meat Artisan Programme for its qualifying butchery managers, and will train its initial intake of 52 people to join the exclusive global club of Master Butchers.
The Shoprite Group distributed thousands of hampers following the unrest, vandalism and arson in KwaZulu-Natal and Gauteng. The Group has also donated R1 million to the Shoprite Act For Change Fund for use by vetted organisations involved in relief efforts to help communities rebuild.
The Group has made significant strides in embracing and executing an evolved business strategy focused on innovation and growth. Increased competition in the retail sector provides more product and shopping options to customers, and this continues to drive the Group to develop and implement innovative solutions within our systems and support functions to meet consumer expectations.
Since the start of the pandemic, the Group has done whatever is in its power to help combat the spread of the virus and assist those in need. A Corporate Gift Card is a versatile way to say thank you. Join us as:. We work with a strong network of suppliers to provide our customers with the products and services they need and want. The Money Market Account, which has attracted users since it launched just over a year ago, now provides customers with transactional banking functionalities, including sending money and making withdrawals.
The Shoprite Group is the first retailer to recycle wipes from its 1 supermarkets nationwide. X Your browser is not supported For an optimal experience, please use one of these browsers: Google Chrome. Mozilla Firefox. Its key objective is to control its supply chain. This has been a winning recipe for maintaining customer loyalty and boosting sales growth at minimal cost.
The Group also continues to actively manage and control its value chain while maintaining a strong drive to improve efficiencies. The focus has been on four primary areas namely inventory management, transport optimisation, operational productivity and store processes. These efficiencies continue to drive costs down and improve cash flow. Although inventory levels have increased, a scientific approach to forward buying was adopted. As early as October management decided to reduce selling prices, particularly on the staple foods sustaining lower income groups.
This led to the growth in value per transaction remaining below the food inflation rate. With operating costs meticulously controlled, the increase in sales considerably exceeded the increase in expenses resulting in a strong rise in trading profit. Outside South Africa, Shoprite is focusing on markets with growth potential and rich natural resources, which will drive future economic growth and therefore increased GDP per capita and consumer spending figures.
Shoprite models its cross-border investments on its shopping centre developments in South Africa, featuring a Shoprite supermarket as the anchor store. These shopping malls change local consumption and urban environments dramatically.
Locally-owned internet stores and music outlets often make up part of this cluster. In a number of cases, the Shoprite Group establishes partnerships with a local group. Its ownership therefore lies in the hands of its almost 5 shareholders. Prior to the privatisation process government agencies and parastatals were operating a number of retail chain stores. These stores were scattered in all provinces of Zambia. The government withdrew from the retailing sector by selling its loss making retail chains to Shoprite.
Shoprite obtained many concessions during this period for example tax holidays and other incentives and this gave them an edge over other local chains. The tax holiday ended after 5 years and meaning that Shoprite had to now compete on an equal footing with the other local chains and independent retailers. After the announcement, the workers sought court action against the supermarket store.
Zambia's High court blocked Shoprite from leaving the country and taking its assets with it, until it paid benefits to its Zambian workers. According to the High Court judge, Shoprite could not transfer its funds and assets back to South Africa - even though it had completed the sale of its shares and wanted to exit Zambia - until some workers received their benefits.
After the judgment, the issue has been silent but Shoprite has continued to operate in Zambia. Shoprite customers can conveniently pay household accounts, buy prepaid services, send and receive money, buy savings stamps, make travel arrangements and even take care of their personal insurance thanks to this popular service.
Selected stores are also complemented by LiquorShops and MediRite Pharmacies for your added convenience. Our commitment to our employees includes recognition for those who go the extra mile with skills development programmes that help employees grow within the organization. In fact, many of our front of store staff have navigated their careers to become leaders who make important decisions about the future of our company.
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