Shoprite has confirmed it will close its two remaining stores in Kenya, in an otherwise impressive set of annual results that have seen group sales increase by 6.4% to R156.9bn ($9.32bn) in the 52 weeks to 28th June 2020. There is a marked difference between sales growth in its South African supermarkets (+8.7%) compared to its non-SA supermarkets (-1.4% in rand terms). In constant currency terms, non-SA supermarkets have seen sales rise by 6.6%. [...]
FULL CONTENT AVAILABLE TO SUBSCRIBERS ONLY
FULL CONTENT AVAILABLE TO SUBSCRIBERS ONLY
