Parents and soon-to-be moms, we heard you, says Mr Price. Here’s what to expect at the new Mr Price Baby
Nothing says baby season like new stores popping up. After conquering the exercise gear, home and fashion sections, Mr Price is trying something new. The store opened a Mr Price Baby in East Gate, the popular Johannesburg east shopping centre in Bedfordview. In an event attended by parenting influencers and a pop-in by actress Zikhona […]
South Africa’s Mr Price expands baby portfolio with standalone stores
South Africa’s value fashion and homeware retailer Mr Price is testing standalone baby stores, in a push to gain a share of the growing and highly competitive baby care products market, starting with a store it launched on Wednesday, it said. It joins grocer Shoprite’s Checkers and drug store chain Clicks which opened standalone baby […]
Mr Price has been ranked No.1 most valuable fashion apparel retailer
Mr Price has been ranked No.1 most valuable fashion apparel retailer, and 19th overall in South Africa, according to Kantar BrandZ. Being a valuable brand is not just about being popular. It’s about being different, meaningful and salient. Click on the following link to download the Kantar BrandZ South African Brands Report: https://www.kantar.com/campaigns/brandz/south-africa Click […]
Big growth in sales, profits for cash-flush Mr Price
Strong retail sales growth and the acquisitions of Power Fashion and Yuppiechef have boosted Mr Price’s profits for the 52 weeks to end-April. The value retailer’s headline earnings per share grew 20.1% to 1 282.1 cents, and its operating profit exceeded R4 billion for the first time. The group declared a final dividend of 807.7 […]
Mr Price annual earnings jump on rebound from Covid lows
Mr Price Group posted a 20.1% jump in full-year earnings on Thursday, as consumers coming out of the Covid-19 lockdowns revamped their wardrobes and homes, with acquisitions adding a boost. The largely budget clothing and homeware retailer has benefited from its lower-price model, which continues to attract financially constrained consumers seeking value. Mr Price said headline […]
Mr Price flags double-digit profit growth despite July’s civil unrest
Fashion retailer Mr Price has flagged a possible profit rise of more than a fifth for its 2022 year, saying it experienced strong sales growth despite unrest that hit about 7% of its store base. Headline earnings per share (Heps) are expected to rise by between 17% and 22% in the year ending April 2, […]
Mr Price signs R3.3bn deal to take control of Studio 88
Fashion group Mr Price will buy a 70% stake in Studio 88 group, a sneaker and branded clothing retailer, paying R3.3bn in cash in its biggest acquisition to date. The deal will allow it to grow within the burgeoning township and informal economy, which is drawing interest from mainstream retail firms… Click here to read […]
Mr Price in another surprise acquisition, secures R3.3bn controlling stake in Studio 88
JSE-listed clothing, homeware and sport retail giant Mr Price has announced another surprise acquisition. This time it’s a R3.3 billion majority stake in unlisted Johannesburg-based clothing retail group Studio 88. Mr Price confirmed the deal in a Sens statement on Wednesday morning, saying the acquisition represents “a controlling shareholding in the Studio 88 Group”. The […]
Mr Price takes controlling stake in Studio 88
Retailer Mr Price says it has entered into a transaction agreement to acquire 70% of Blue Falcon, which owns the Studio 88 group of businesses, from RMB Ventures and the current management of the Studio 88 Group, for R3.3 billion. The transaction will be fully funded through the existing cash resources of the group, it […]
Mr Price to buy majority of Studio 88 in R3.3bn deal
Value fashion and homeware retailer Mr Price announced on Wednesday that it is acquiring 70% of the owner of Studio 88 Group, which includes the SideStep, John Craig, Skipper Bar brands, for R3.3 billion. Mr Price described the Studio 88 group, which operates over 700 stores, as the “largest independent retailer of branded leisure, lifestyle and […]