The retailer, with over 2,900 stores across Africa, said group sales for the six months ended December 31 rose to R121.1 billion ($6.44 billion). Second quarter sales, which include November and the Christmas holiday period, rose by 14.6%.
Cash strapped shoppers, hit by high interest rates and inflation, are spending less on discretionary items like clothes and shoes, spending their money on food and essentials.
--Reuters--
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Black Friday, holiday sales spur demand at South Africa's Shoprite

Date: Jan 30, 2024
South Africa's biggest supermarket group Shoprite, opens new tab reported this Tuesday a 13.9% jump in half-year sales, supported by a record Black Friday and festive season as shoppers went after food deals.
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