JOHANNESBURG, July 30 (Reuters) - South Africa's biggest
supermarket group Shoprite said on Tuesday that total
sales of merchandise for the full year jumped 12%, buoyed by new
store openings and as the majority of its store brands reported
double digit sales growth.
Shoprite's total sales from continuing operations rose to
240.7 billion rand ($13 billion), including the hyperinflation
impact in Ghana. Like-for-like sales growth for the period
measured 6.3%, with the stores acquired from Walmart ( WMT )-owned
Massmart included in like-for-like sales growth only for the
second half period.
The group's core business, Supermarkets South Africa, grew
sales by 12.3%, contributing 81% to group sales, with its
upmarket grocery chain Checkers growing sales by 12.3%. The
Checkers Sixty60 online grocery delivery business grew sales by
58.1%.
Its discount grocery brands, Shoprite and Usave, which
compete with Pick n Pay's Boxer chain, reported sales
growth of 10.7%.
The retailer, which also operates in nine countries
across Africa, opened 292 stores during the period, including 63
new format, adjacent category specialist stores such as pet,
baby and clothing, to a total of 3,639 stores from continuing
operations, it said.
Grocery retailers are diversifying their revenue streams
and aiming to capture a greater share of the retail consumer
market, spanning outdoor gear to baby clothes, strollers and pet
shops.
($1 = 18.4593 rand)