Shoprite Company Review & Valuation
About Shoprite Holdings Limited
Shoprite Holdings Limited operates as a food retailer.
The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments.
As of July 2, 2017, it operated 2301 corporate outlets and 388 franchise outlets in 15 countries across Africa and the Indian Ocean Islands.
The company operated 613 Shoprite supermarkets; 209 Checkers supermarkets; 37 Checkers hypers; 367 Usave supermarkets; 197 Hungry Lion fast food outlets; and 390 liquor Shops.
It also operated franchised stores consisting of approximately 388 stores, such as OK Foods supermarkets, OK MiniMark convenience stores, OK Express convenience stores, Megasave wholesale cash and carry outlets, OK Liquor stores, and Sentra stores; 436 OK Furniture outlets that offer bedroom and lounge furniture, entertainment systems, appliances, and home accessories; and 52 House & Home outlets.
In addition, the company operates 35 OK Power Express stores that sell a range of appliances, home entertainment, and cellphones, as well as base sets, bedding, and carpeting; and operates as a wholesale distributor of food products to restaurants, industrial kitchens, institutional caterers, and larger corporate customers, as well as through e-commerce Website.
Further, it provides financial services; and sells and distributes pharmaceutical products through 162 MediRite pharmacies and Transpharm wholesale outlets.
Additionally, the company provides ticketing services to promoters and agents in entertainment industry, as well as travel tickets and packages to consumers through Computicket's 1347 counters in stores and 32 free-standing outlets.
Shoprite Holdings Limited was founded in 1979 and is headquartered in Brackenfell, South Africa.