NewStats: 3,263,859 , 8,181,629 topics. Date: Sunday, 08 June 2025 at 10:12 AM 2u5s4n

Mr Price has seen a rapid expansion in its store network since the start of the network, with the company benefiting from three major acquisitions over the period.

Mr Price sured 3,000 stores during the year ended 29 March 2025, opening 184 stores across its 15 trading chains, expanding its total store footprint to 3,030 stores.

The new stores highlight the rapid expansion of Mr Price stores since mid-2021, which were fuelled by strategic acquisitions and further investment in existing brands.

The group’s total number of stores has more than doubled from its 1,400 stores seen in 2021.

This comes after the group purchased Yuppiechef, Power Fashion and Studio 88 in the period. The group also expanded into standalone Mr Price Kids and Mr Price Baby stores.

The group said that its weighted average trading space increased 4.3% over the 2025 financial year, with new store returns continuing to be closely managed.

These new stores far exceed the group’s Return on Operating Assets (ROOA) thresholds, which exceed its weighted average cost of capital (WACC).

The group’s total revenue for the period increased by 7.9% to R40.9 billion, gaining half a percentage point of market share.

The group’s gross margin expanded to 40.5%, while its operating profit reached a record level of R5.8 billion.

That said, the financial services segment’s revenue increased by 5.7% to R918 million over the period.

The group said that the global economy has been characterised by uncertainty in 2025.

Shifts in trade partnerships and the potential of US-enforced tariffs have threatened growth prospects across markets.

The South African economy was not spared from this impact, and its forecast GDP growth has been revised downwards from the previous positive outlook at the end of 2024.

South Africa’s GDP growth over the previous decade was 0.7% and has not been conducive to fostering a healthy business environment.

Consumer relief has been ed by lower inflation, declining petrol prices and interest rate cuts of 100bps, boosting disposable income.

Real wage growth has also experienced some level of recovery. That said, the sustainability of an improving consumer environment in South Africa is challenging due to the uncertainty.

The group is still confident that its business model and brand power will enable it to outperform the market through varying economic cycles.

“We have a strong but disciplined growth mindset. Our team has evaluated many opportunities and declined most,” said Blair.

“Our three acquisitions in recent years have delivered a combined operating profit of R1.2 billion in FY2025 and continue to be earnings accretive.”

“Our focused research is ongoing to identify the next growth vehicle that will the achievement of our long-term vision.”

https://businesstech.co.za/news/business/827104/major-south-african-retailer-that-added-over-1600-new-stores-in-4-years/

Good for them... Business in Nigeria is for the strong

Good for them.

Mtn and Dstv should follow no problem

Back then when they started operation in Nigeria, I thought Mr P of the defunct Psquare owned the brand.

Any buisness that survive Nigeria environment runs on cracked

I could see they also branched their outfit to baby,kids etc outlets.
Wise business strategy instead of clustering all together plus they purchased studio 88 and power fashion.
They really are making big money.
More profits to come by the end of 2025

Good for them. Nigerian has Bokku mart too.
Let's celebrate them.

Good development

Na southie turn , make them shine . When e reach our turn Las Las , we too go shine aggressively without pity because now , no african countries they pity us

.

Nigerian business terrain is tough due to low purchasing power of Nigerians making Nigerians seekers of cheap articles and products, which most often means the business owners must compromise quality in order to get patronage and meet up with competition in Nigeria.


Aside that, as a Nigerian business owner, you battle staff theft whereby every of your employee is busy looking for Avenue to steal from your business; from managers to departments (the worst of them all) to even security personnel.


Then comes the Nigerian government authorities with their never straightforward taxes, levies and whatnot.


Did I mention the banks and their ridiculous charges?


What about your business rivals and competitors looking for every means to bring your business down, they use all conventional and unconventional methods, including going spiritual diabolism, voodooism, witchcraft and thuggery. It's not easy owning a successful business in Nigeria.



Honestly if you see any business owner or company owner in Nigeria making it big and still operating after 10 years of startup, please respect that person

No surprises there. You need purchasing power to survive as a business not numbers alone . Extreme poverty and business don't work well together . Talk about a worse than deteriorating state . Somalia has tough competition in this one our Africa

So is Robans Stores also expanding in Nigeria 🇳🇬

Lionessza6:
No surprises there. You need purchasing power to survive as a business not numbers alone . Extreme poverty and business don't work well together . Talk about a worse than deteriorating state . Somalia has tough competition in this one our Africa

They have beaten Somalia in domestic terorrism & national security crisis.I trust my western 'brodas' to eclipse them in levels of poverty before 2025 is over...I trust them!🤞

Nawaoh

wiseone28:
Mtn and Dstv should follow no problem

Lol if Dem follow make we go back to stone age...


Abi na 9mobile nd Glo I go dey browse with

I'm hearing this name for the first time.

Even dangote refinery is struggling in Nigeria, without foreign crude they would have closed shop

Wow!

How APC ers can't see how bad things, but because they feel superior.

They will surely come back in the future

Seun, do South Africans pay to promote their country/brand on nairaland?
What is our business with a brand that we no longer have business with?

Also, why are they allowed to talk down on Nigeria, on a Nigerian forum however they please?

lol...Na only brown roof section they always celebrate this kind news....as we no fit do business make every business fail...at least we go dey govt job dey collect crumbles....election, cashout, census cashout, new registration cashout, govt contracts cashout...

RandDigital:


https://businesstech.co.za/news/business/827104/major-south-african-retailer-that-added-over-1600-new-stores-in-4-years/

dawnomike:
Good for them... Business in Nigeria is for the strong

More so than when we had deregulation and privatisation focused PDP capitalists in office for 16 years.

How and why did we allow ebilokan to scam us into replacing Jonathan with his 2011 expired soldier a decade ago?

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

APC ultra bad governance chased Mr Price and Pep store out of Nigeria

Mariangeles:
Seun, do South Africans pay to promote their country/brand on nairaland?
What is our business with a brand that we don't have business with?

Also, why are they allowed to talk down on Nigeria, on a Nigerian forum however they please?

Tell me you are an APC er without telling you are one .

People need to know how APC destroyed Nigeria

The can open one million stores if they like