Woolies, Spar, Shoprite & JDG

February 25, 2013 |

CEO Ian Moir of Woolies tables outstanding results. Headline earnings per share up by 21%; Revenue up by 18% and return on equity (ROE) increased to 58%. Woolies trying to now get shoppers to go from being basket shoppers to being trolley shoppers by increasing its pack sizes and offering bulk and new brands. Time will tell if this strategy will eat into Pick n Pay’s market share.

Spar Group on the other hand has reported that due to fuel and utility cost increases that they have experienced tougher trading conditions with turnover coming in at R15.8bn, a growth of 10.7%

Shoprite Africa’s biggest grocer posted a turnover of R46.7bn, a growth of 13.8% increase for the six months ending December 2012.
It is with sadness that the JD Group CEO Grattan Kirk who is also the chairperson of the SA Retail Council has resigned as CEO from JDG. David Sussman the JDG founder will step in as the acting CEO.  David is also a board member of Steinhoff UK and Steinhoff has a 51% stake of JDG. Henk Greeff who is the executive director for strategy and human resources also tabled his resignation.

Category: Blog

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