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I wonder how long the outraged moms managed to stick to their plans to boycott Woolworths following the Ubuntu Baba saga?
We may never know, but do we know that the Woolworths share price hit a real dip last week, so perhaps there is some karma in play.
When it comes to the battle to dominate the local retail sector, Woolies finds itself up against its traditional adversaries in Spar, Pick n Pay and Shoprite. Thanks to Deloitte’s annual Global Powers of Retail report, we can now see who’s winning that battle.
Before we look at the numbers, here’s some of the report’s methodology via BusinessTech:
The ranking is based on publicly available data for FY2017, covering fiscal years ended through June 2018. Deloitte analyses a company’s performance across geographies, sectors, and channels.
In previous years, five South African retailers were ranked, with the 2019 reporting marking the first time multinational retail group Steinhoff has dropped off the list, following its accounting fraud scandal that emerged in 2017/18.
Yet Markus Jooste is still out there, living life as a free man.
Before we get to the SA retail showdown, let’s see which global giants are topping the report:
Walmart is going to take some catching.
OK, time to separate the big four:
Among South Africa’s biggest retailers, Shoprite is followed by Spar, Pick n Pay, and then Woolworths. Shoprite ranked 86th overall – far ahead of Spar (140th) and Pick n Pay (160th) and Woolworths (179th), which were outside the top 100.
Over a five year period, Spar has shown the highest CAGR of 17.4%, with Woolworths following at an annual growth rate of 14.3%.
Shoprite’s CAGR since 2012 has been 9.4%, with Pick n Pay showing the lowest growth at 6.6% – though this is above local inflation.
Woolies (38th) and Spar (29) both managed to crack the ‘top 50 fastest-growing retailers’ list, but they still trail Shoprite by quite some margin:
The people have spoken.
Constantia Village is shook, with (skinny) latte-clutching and athleisure-wearing customers trading downtrodden glances.
They will rebuild.
[source:bustech]
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