Page 21 - Checkers Hyper News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Spar shares fall despite the group’s positive trading update By Sandile Mchunu Share The Spar Group, yesterday flagged that the ban on alcohol sales and transportation hampered its performance during the 18 weeks to end January 29. Spar said its liquor sales fell after President Cyril Ramaphosa moved the country to level 3 of the national lockdown on December 28 to control the surge of Covid-19 infections. The group saw its shares falling 6 percent on the JSE yesterday, despite a near double-digit growth in sales for the 18 weeks to end January 29. Spar said its sales increased 9.8 perce...

For the first time since 2016, Shoprite’s furniture business has emerged as a bigger sales driver than its core supermarket operations (food and other consumer goods). In 2016, Whitey Basson was still at the helm of Shoprite, and regulations around issuing credit to consumers hadn’t been tightened, allowing SA retailers to easily throw debt at consumers to purchase furniture and other big-ticket home items. Over this period, Shoprite recorded annual growth in furniture sales of 15.3% while supermarket operations grew sales by 10.9%. After 2016, the credit taps started to close as regulato...

Traditionally the mega malls have been home to the group’s larger-format Checkers Hyper stores, which historically included the House & Home furniture section. But Checkers has adapted to changes in the market, with a greater focus on fresh food and smaller destination stores that include pizza and sushi bars. The new Checkers store at Hyprop’s Rosebank Mall even has an in-store Starbucks café, while the outlet at Liberty Two Degrees’ flagship Sandton City shopping centre received a long overdue overhaul last year. It has been converted from a Checkers Hyper to a smaller Fr...

Compared with the same period a year ago.

Adjusted basic headline earnings per share (HEPS) — the main measure of corporate profit in South Africa — will be between 400.1 cents ($0.2762) and 435.7 cents, the company said, driven mainly by sales in its local market.