The Top 25 African Retailers And What They Earn

Financial advisory consultant Deloitte on Tuesday released its inaugural African Powers of Retailing 2015 report Tuesday, listing the top 25 African retailers and what they earn.

South African retailers took the top 10 positions.

Southern African markets are more mature and more saturated than West and East African markets, and South African companies are looking at opportunities there.

Of the top 25 African retailers, with a combined presence in 21 countries, 10 come from countries outside South Africa, with three Zimbabwean retailers, two from Botswana and one each from Kenya, Morocco, Tunisia, Nigeria and Zambia.

Choppies is the fastest growing African retailer recording 24.4 percent year-on-year revenue growth from fiscal year 2012 to 2013.

The food and beverage sector accounted for 52.5 percent of the top 25 collective revenue and nine of the top 25 retailers. It is also the most lucrative sector with the highest average retail revenues.

Most of the top 25 African retailers – 17 of them — are in Southern Africa and they control 93.7 percent of total retail sales.

Egypt has the highest e-commerce sales at US$2.54 billion, accounting for 2.16 percent of total retail sales in fiscal year 2013. However, Nigeria growing fastest in e-commerce with 63.2 percent of compound annual growth rate revenue for fiscal years 2011-2013.

South Africa’s retailers compete in very tough operating environments, said Dylan Piatti, Africa Consumer Business chief at Deloitte.

While South African retailers have expanded aggressively in sub-Saharan Africa, the shortage of retail locations and high transportation costs have led them to target expansion outside Africa.

Because the Southern African markets are more mature and more saturated than West and East Africa, South African companies are looking at opportunities there, according to Claire Hoy, Deloitte, a Western Cape regional leader.

Companies are looking to expand in Rwanda, Ethiopia, Tanzania, Kenya, Nigeria and Ghana, Hoy said.

Check out this list of the top 25 African retailers and what they earn.

Rex Trueform 1939 building, Photo: Francois Swanepoel

25. Rex Trueform Clothing, South Africa

Clothing and accessories

Fiscal year 2013 revenue: $47.4 million US

Fiscal year 2013 revenue growth: 3.7%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): -3.7%

 

Thank U Loyalty Card Edgars - Edcon

24. Edgars Stores (Edcon), Zimbabwe

Clothing and accessories

Fiscal year 2013 revenue: $64.8 million US

Fiscal year 2013 revenue growth: 7.6%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 12.6%

 

Funmart store in Molepolole, Botswana. Photo: gazettebw.com

23. Furnmart South Africa

Furniture and home furnishings

Fiscal year 2013 revenue: $131.6 million US

Fiscal year 2013 revenue growth: 8.9%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 13.4%

 

AVI 2013 results. Image: slideshare.net

22. AVI, South Africa

Food and beverage

Fiscal year 2013 revenue: $155.7 million US

Fiscal year 2013 revenue growth: 5.2%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 21.9%

 

UCHUMI

21. Uchumi Supermarkets, Kenya

Food and beverage

Fiscal year 2013 revenue: $163.8 million US

Fiscal year 2013 revenue growth: 0.7%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 2%

 

Zambeef. Photo: daily-mail.co.zm

20. Zambeef, Zambia

Food and beverage

Fiscal year 2013 revenue: $171.8 million US

Fiscal year 2013 revenue growth: 23%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 27.4%

 

Sefalana, en.africatime.com

19. Sefalana Holding Company, Botswana

General merchandise

Fiscal year 2013 revenue: $229.6 million US

Fiscal year 2013 revenue growth: 7%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 11.7%

 

Meikles. businessdaily.co.zw

18. Meikles, Zimbabwe

Food and beverage

Fiscal year 2013 revenue: $346.4 million US

Fiscal year 2013 revenue growth: -2.3%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 4%

 

PZ Cussons. Photo: thisismoney.co.uk

17. PZ Cussons, Nigeria

Electronics and appliances

Fiscal year 2013 revenue: $444.7 million US

Fiscal year 2013 revenue growth: 2.2%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 0.5%

 

Société Magasin Général. Photo: groupe-auchan.com

16. Société Magasin Général, Tunisia

General merchandise

Fiscal year 2013 revenue: $454.5 million US

Fiscal year 2013 revenue growth: 11.3%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 19.5%

 

Iliad Africa. Photo: financialresults.co.za

15. Iliad Africa, South Africa

Building materials

Fiscal year 2013 revenue: $464.2 million US

Fiscal year 2013 revenue growth: -0.6%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 2.7%

 

OK Zimbabwe. Photo: thestandard.co.zw

14. OK, Zimbabwe

Food and beverage

Fiscal year 2013 revenue: $483.7 million US

Fiscal year 2013 revenue growth: 0.8%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 8.3%

 

Lewis Group. Photo: reports.lewisgroup.co.za

13. Lewis Group, South Africa

Electronics and appliances

Fiscal year 2013 revenue: $523.4 million US

Fiscal year 2013 revenue growth: 1.8%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 4.3%

 

choppies_4

12. Choppies, Botswana

Food and beverage

Fiscal year 2013 revenue: $567.9 million US

Fiscal year 2013 revenue growth: 24.4%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 23.2%

 

Label’Vie. Photo: skyscrapercity.com

11. Label’Vie, Morocco

General merchandise

Fiscal year 2013 revenue: $681.9 million US

Fiscal year 2013 revenue growth: 2.1%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 3.5%

 

Truworths. Photo: tolajob.co.za

10. Truworths, South Africa

Clothing and accessories

Fiscal year 2013 revenue: $1 .0082 billion US

Fiscal year 2013 revenue growth: 7.1%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 8.8%

 

JD Group. Photo: iol

9. JD Group Ltd (Steinhoff International), South Africa

Furniture and home furnishings

Fiscal year 2013 revenue: $1. 1413 billion US

Fiscal year 2013 revenue growth: -5.8%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 2.5%

 

Clicks. sunridgevillage.co.za

8. Clicks, South Africa

Health and personal care

Fiscal year 2013 revenue: $1.3497 billion US

Fiscal year 2013 revenue growth: 7.9%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 6.7%

 

Mr Price

7. Mr Price, South Africa

Clothing and accessories

Fiscal year 2013 revenue: $1.5577 billion US

Fiscal year 2013 revenue growth: 15.0%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 14.1%

 

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6. Foschini, South Africa

Clothing and accessories

Fiscal year 2013 revenue: $1.5941 billion US

Fiscal year 2013 revenue growth: 13.6%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 11.7%

 

woolworths

5. Woolworths, South Africa

Clothing and accessories

Fiscal year 2013 revenue: $3.8278 million US

Fiscal year 2013 revenue growth: 12.7%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 17.8%

 

SPAR South Afric. Photo: planetretail.net

4. SPAR, South Africa

Food and beverage

Fiscal year 2013 revenue: $5.1667 billion US

Fiscal year 2013 revenue growth: 10.7%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 11.5%

 

Pick n Pay.

3. Pick n Pay, South Africa

Food and beverage

Fiscal year 2013 revenue: $6.3433 billion US

Fiscal year 2013 revenue growth: 6.5%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 6.8%

 

Massmart. Photo: businessdailyafrica.com

2. Massmart, South Africa

General merchandise

Fiscal year 2013 revenue: $7.5299 billion US

Fiscal year 2013 revenue growth: 9.8%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 8.7%

 

Massmart. Photo: businessdailyafrica.com

2. Massmart, South Africa

General merchandise

Fiscal year 2013 revenue: $7.5299 billion US

Fiscal year 2013 revenue growth: 9.8%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 8.7%

 

Ecomi.org

1. Shoprite, South Africa

Food and beverage

Fiscal year 2013 revenue: $9.8525 billion US

Fiscal year 2013 revenue growth: 10.5%

Fiscal year 2011-2013 revenue compound annual growth rate (CAGR): 11.1%

Source: AFK Insider

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