Shoprite Holdings was named the leading retailer in Africa anteceding Massmart and Pick n Pay, as indicated by the Deloitte African Powers of Retailing report 2015. Spar Group guaranteed fourth place and Woolworths coming in at number five. Twenty of the main 25 retailers are South African.
Shoprite accomplished the top spot in light of the fact that for the company it is all about price and footprint, Johan Scholtz, associate director of Deloitte in Southern Africa, told news reporters at the World Retail Congress Africa on Tuesday.
“Shoprite finds phenomenal areas which are strategically placed for buyers and it offers a decent client experience for its focus market,” clarified Scholtz. With respect to the report’s number two retailer in Africa, Massmart, it has been battling in SA since the Wal-Mart assume control in 2011, as indicated by Jon Copestake, chief retail and consumer goods analyst at The Economist Intelligence Unit. Five years back Wal-Mart spent $2.4bn on a stake in Massmart.
In Copestake’s perspective the Wal-Mart takeover was to get a toehold in the other high-development markets in sub-Saharan Africa where Massmart as of now had an a dependable balance, than about the South African market.
South African retailers controlled the Africa area in Deloitte report, representing each of the ten of Africa’s main 10 retailers that met all requirements for incorporation in the rundown of the biggest retailers. Retail organizations situated in Africa were incorporated into the report, in view of their non-auto retail income for financial year to the end of June 2014.