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Shoprite, a South African grocery store’s annual sales boosted up

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Shoprite, a South African grocery store, experienced a 20.3% increase in annual earnings. The “annual headline earnings per share (HEPS)” of the grocery store increased up to 956.3 cents. In thirteen African countries, Shoprite has more than 2800 stores and plans to grab Madagascar and Uganda’s markets this year. Sales in the group of general merchandise alone rose by 8.1% due to significant grocery sales.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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