Black Friday, holiday sales spur demand at South Africa’s Shoprite By Reuters


© Reuters. FILE PHOTO: A man wearing a protective face mask walks outside a Shoprite store in Abuja, Nigeria, August 3, 2020. REUTERS/Afolabi Sotunde/File Photo

JOHANNESBURG (Reuters) – South Africa’s biggest grocery chain Shoprite reported on Tuesday a 16.8% jump in half year sales, supported by a record Black Friday and festive season as both cash-strapped shoppers and upmarket consumers went after food deals.

Shoprite said group sales for the six months ended Jan.1 jumped to 106.3 billion rand ($6.10 billion). Second quarter sales rose by 15.2%.

($1 = 17.4260 rand)

Be the first to comment

Leave a Reply

Your email address will not be published.


*