Shoprite's clothing chain UNIQ plans more stores, local sourcing [Reuters]
SHOPRITE HLDGS LTD S/ADR (SRGHY)
NASDAQ:AMEX Investor Relations:
shopriteholdings.co.za/investor-centre.html
Company Research
Source: Reuters
also looking to source its basics clothing range at home, executives told Reuters on Wednesday as they launched the 20th store. Over recent years, Shoprite has been looking for growth in areas such as pet, baby and outdoor products, launching standalone stores including by branching into clothing in 2023 with UNIQ, its apparel brand under its Checkers upmarket grocery chain. But unlike its grocery rivals Pick n Pay and Game and Makro, both owned by Walmart's Massmart, Shoprite is targeting affluent shoppers with its slightly pricier basic ranges such as jumpers for 369 rand ($19.20), joggers and t-shirts. The group wanted to address the gap in the market for quality, everyday and timeless basics instead of flooding the fast fashion space, Benise Spangenberg, head of buying at UNIQ, told Reuters inside the new store located in upmarket Sandton City Mall in Johannesburg. "There are a lot of retailers that play in the fashion space and basics almost got lost and that is really th
Show less
Read more
Impact Snapshot
Event Time:
SRGHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SRGHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SRGHY alerts
High impacting SHOPRITE HLDGS LTD S/ADR news events
Weekly update
A roundup of the hottest topics
SRGHY
News
- South Africa's SPAR steps up battle for affluent and discount shoppers [Reuters]Reuters
- Spar of South Africa to Focus on Home Market After Poland Exit [BNN Bloomberg (Canada)]BNN Bloomberg
- Africa's Largest Grocer Boosts Sales by Avoiding Price Increases [BNN Bloomberg (Canada)]BNN Bloomberg
- Business Exodus From Nigeria Won't Last, Billionaire Wiese Says [BNN Bloomberg (Canada)]BNN Bloomberg
- South African Shoprite Billionaire Wiese Returns to His Diamond-Hunting Roots [BNN Bloomberg (Canada)]BNN Bloomberg