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South Africa-based Woolworths has reported a 20-week trading update, saying group sales rose contracted by 2.0% in constant currency terms as restrictions implemented because of COVID-19 affected results. It said restrictions had caused lower footfall at stores that were open, while they led to unplanned store closures too.

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SPAR South Africa has published full year results for the year ending September 2020, saying turnover rose 13.5% to ZAR124.3 bn (US$8.1 bn). The company’s operating profit increased by 15.6% to ZAR3.4 bn (US$220.6m), with its profitability ‘ positively impacted by a change in sales mix as increased home consumption drove higher-margin grocery and fresh categories ’. ‘ A year in crisis ’ SPA...
Shoprite has reported sales growth of 3% in the first quarter of 2021, a performance that was heavily impacted by restrictions on its business in South Africa due to COVID-19. The results were a marked slowdown on its performance in the same quarter in 2019, when sales grew by 7.3%. Shoprite sees sales growth slow in Q1… Shoprite reported total sales growth of 6.0%, excluding its LiquorShop...
Following updates from South Africa-based Woolworths and Walmart-owned Massmart, we round up news from the retailers. Woolworths SA invests in prices… Woolworths is to invest ZAR1.0 bn (US$61.4m) in prices over the next two to three years. ZAR750m (US$46.0m) will be invested in its food business and ZAR250m (US$15.3m) in its fashion business. In the first phase Woolworths will invest ZAR500...

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This guide to South Africa explores the key trends in grocery retail, the outlook for the market over the five year forecast period and the growth strategies of country’s leading retailers.
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Key presentation

This in-depth guide to South Africa explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

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