RETAILER Shoprite, in an operational update for the quarter ended September 2022, said yesterday its market share gains measured 1.4%, extending the period of uninterrupted market share gains in its core South African supermarket business to 43 months.
Shoprite’s core Supermarkets RSA segment, including the Shoprite, Usave, Checkers, Checkers Hyper and LiquorShop brands, grew in sales by 19.9% for the first quarter – boosted by increased customer volume growth and higher average basket spend.
SA’s largest grocer said selling prices rose by 8.2% compared to the previous year. Its furniture segment’s sales in- creased by 5.2% during the first quarter and remained mostly cash sales based, with credit sales participation measuring 14.9% of sales for the first quarter.
Shoprite’s other operating segments, made up of OK Franchise, Transpharm and Medirite…