South Africa's SPAR steps up battle for affluent and discount shoppers [Reuters]
SHOPRITE HLDGS LTD S/ADR (SRGHY)
NASDAQ:AMEX Investor Relations:
shopriteholdings.co.za/investor-centre.html
Company Research
Source: Reuters
and discount grocery stores while also entering new niche retail markets, its chief executive said on Thursday. South African grocery retailers have been refining their strategies to appeal to both affluent and low-income customers, to gain a bigger share of customers' wallets. They are also moving into new non-food markets by opening standalone stores for such items as pet and baby supplies, clothing and outdoor adventure products to help diversify and generate additional income. While rivals including the country's leading grocer, Shoprite (SHPJ.J) , opens new tab , and Pick n Pay have distinctive brands that serve the different income groups, SPAR has fallen behind. "With SPAR, what we have been struggling with in the last while is that, because we tried to cover both markets with one brand, being able to draw that distinction has probably been a challenge in the last while," SPAR Group's CEO, Angelo Swartz, told reporters. "So we've found ourselves at the crossroads."
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
- Shoprite's clothing chain UNIQ plans more stores, local sourcing [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