Shoprite
Coverage of Shoprite in the Nexus archive.
- South Africa: Shoprite in the Spotlight As Human Rights Commission Grills Food Giants On Pricing
The South African Human Rights Commission (SAHRC) is concluding its national food systems inquiry, during which Shoprite faces scrutiny over pricing practices. A 20,000-signature petition demanding lower food prices has been ignored by Shoprite.
- I'm a 75-year-old retiree in Newark. My partner and I spend $150 a week on groceries and save money by skipping meat.
John Goldstein, a 75-year-old retiree in Newark, New Jersey, spends $150 weekly on groceries by skipping meat and avoiding restaurants to manage rising healthcare costs. He saves money through coupon use, shopping at specific stores like ShopRite, and growing fresh herbs and vegetables at home.
- South African grocer Pick n Pay raises nearly $300M
South African supermarket chain Pick n Pay raised approximately $300 million by selling a 12.5% stake in its discount subsidiary Boxer to address financial losses. The capital injection will support CEO Sean Summers' restructuring efforts including cost cutting and store closures. This share sale reduces Pick n Pay's ownership stake in Boxer to about 53% following Boxer's 2024 IPO.