Shoprite has released its reviewed annual results for the year ended 30 June 2024, revealing a significant expansion of its Checkers Sixty60 footprint and strong online sales growth.<\/p>\n\n\n\n
The retailer last reported that the on-demand delivery service was available through 505 of its stores nationwide in December 2023. It has added 34 stores in eight months, bringing the footprint to 539 sites.<\/p>\n\n\n\n
Year-on-year, Shoprite added 73 stores to Sixty60’s footprint.<\/p>\n\n\n\n
Shoprite also noted that sales through the on-demand grocery delivery platform increased by 58.1%. This is down from the 81.5% sales growth it reported for the same period last year.<\/p>\n\n\n\n
Despite the lower growth rate, Checkers Sixty60’s sales contributed significantly to the Shoprite Group’s overall sales growth of 12% to R240.7 billion.<\/p>\n\n\n\n
At the same time, the group reported a R6.2 billion profit, representing 4% growth over the previous year.<\/p>\n\n\n\n
Shoprite said it was able to invest R7.8 billion in its Smarter Shoprite strategy, which focuses on new stores, store upgrades, maintenance, digital and e-commerce, information technology, sustainability, and supply chain.<\/p>\n\n\n\n
It expects to invest a further R8 billion in the business during the current financial year.<\/p>\n\n\n\n
Checkers Sixty60 sales have continued to grow year-on-year, and the Shoprite Group launched an e-commerce platform for small and medium-sized businesses to offer them a similar service in July 2024.<\/p>\n\n\n\n