SA retailers: who has the biggest share?
The recent standoff between retail giants, Pick n Pay and Shoprite, over which group has the bigger market share has been cleared up by new information released by research firm Nielsen, revealing Pick n Pay as the market leader with 34.7%.
Information released by Nielsen shows Pick n Pay’s share had dropped slightly from 34.8% to 34.7% in the year to October, while Shoprite’s had grown from 28.8% to 29.4% in the same period. According to the Nielsen report, the Spar group’s market share decreased from 25.6% to 25.5% while Woolworths’ share fell from 10.9% to 10.5% in the year to October.
Pick n Pay’s chief executive, Nick Badminton (left), responded to the new information saying the disagreement it had with Shoprite was now over: ”We are unsure how this confusion arose and we were certain our our numbers at the time which have now been proved to have been correct.”
The Shoprite group said that as far as it was concerned, the matter had been dealt with in October last year. “We have no further comment,” the group said.
Nielsen’s research included Hypermarkets, Super, Score and Boxer stores for Pick n Pay and Shoprite, Checkers, Checker Hyper, U-Save and OK Foods for Shoprite.
The battle over retail market share between the groups started in October last year when Shoprite claimed it had the largest share of all supermarket groups in the country, with a 31.67% and which was vehemently denied by Pick n Pay.
Source: Business Report
Trackback from your site.207 Views