Shoprite says that it is planning for rapid expansion in South Africa, adding hundreds of new stores, and building a massive new campus in Johannesburg.
Retail giant Shoprite says that it is planning for rapid expansion in South Africa, adding hundreds of new stores, and building a new campus in Johannesburg.
Speaking in terms of its retail store-based operations, Shoprite is targeting a record 275 store openings in 2023, across the group. Within this, the Supermarkets RSA segment plans to open 220 stores, of which 95 stores will serve the mid-to-lower segment customers. “I sincerely hope this transaction can be finalised during the first half of the 2023 financial year to allow us the opportunity to integrate these businesses and their employees into our South African Shoprite supermarkets’ operations.”
“We have much to do in terms of executing our strategy to grow the business in the years ahead, this is just one of our initiatives, and we look forward to reporting on our progress on this and our other plans during 2023,” Engelbrecht said.
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