Retailers The Numbers Game
Fascinating study over here about how the various retailers square up against each other on a range of measures at the end of the FY. So, for example, while Shoprite is far and away the biggest when it comes to turnover (R130.028billion) and operating profit (R7.278billion), SPAR, which measures its success in DC sales rather than retail turnover, is giving them a run for their money when it comes to SA store footprint. And where Massmart – the best payer at an average of R555,000 per head, employ only 13,000-odd people, Shoprite pay their 137,000 employees an average of R75,000 each annually: presumably this takes into account the lower wages north of the border, where Shoprite has more stores than anyone else. Pick n Pay, incidentally, is now the second smallest of SA’s BIG 5 by turnover (R77.500billion) and the smallest by operating profit (R1.774billion).
Comment: You’re never going to get the full story from anyone’s annual report, and that’s a fact.