Profitable market share gains results in strong H2 performance This morning the group released its FY2024 year end results, reporting revenue growth of 15.5% to R37.bn, annual market share gains of 30bps and operating profit which exceeded R5bn for the first time. CEO Mark Blair said, “Over the last year, we have had a great deal to contend with. Despite the challenges our team has remained focused on execution, while remaining agile in responding to the volatility of the trading environment, which has reflected in the performance of the second half. By focusing on delivering value to our customers, the group has strengthened its market position, as evidenced by gaining market share for 7 consecutive months at better margins.” Focus in the year ahead will be on the group’s existing operations, raising customer service levels, and investing appropriately to ensure that their overall experience meets their expectations. Profitable market share gains and retaining strong operating and balance sheet metrics will be key outcomes. For further performance details click here: https://lnkd.in/dCTMndqc
Mr Price Group
Retail
Durban, KwaZulu Natal 535,498 followers
We love where we work, and we think you will, too. We’re on a mission. A mission to be the best.
About us
Mr Price Group Limited is an omni-channel, fashion value retailer. The Group retails Apparel, Homeware and Sportsware and is one of the fastest growing retailers in South Africa. Our History: 1885 - The first John Orrs store opens 1934 - The first Hub store opens 1952 - John Orrs is listed on the JSE 1967 - Acquisition of two Miladys stores 1986 - Laurie Chiappini and Stewart Cohen, together with BOE, acquire a major shareholding in John Orr Holdings 1987 - The first Mr Price store opens 1991 - Laurie Chiappini and Stewart Cohen acquire control of the Group from BOE 1993 - Launch of the Mr Price Group Share Partnership Initiative 1996 - Acquisition of Galaxy & Co. and Sheet Street 1997 - Alastair McArthur is appointed as CEO 1998 - Mr Price Home launched 2000 - Mr Price opens stores in Botswana and Namibia 2001 - Specialty Stores becomes MR Price Group 2005 - Over 100 million units are sold across the group 2006 - Sale of the Hub and Galaxy divisions 2007 - Launch of Mr Price Sport stores and Mr Price Franchising 2008 - Miladys wins the Orange Index award for excellence in customer service 2008 - Mr Price Apparel is voted the most loved and most frequented retail apparel brand for the first time 2008 - This year Mr Price Home is voted the most loved and most frequented homeware retailer 2011 - Retail sales exceed R10 billion and profit attributable to shareholders exceeds R1 billion for the first time 2011 - The group celebrates the 25th anniversary of change in control, recording a CAGR share of 25.3% and headline earnings per share of 23.5% over this period 2012 - First Corporate owned Mr Price store opens in Lagos, Nigeria 2013 - Mr Price launches its online store
- Website
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http://www.mrpricegroup.com/
External link for Mr Price Group
- Industry
- Retail
- Company size
- 10,001+ employees
- Headquarters
- Durban, KwaZulu Natal
- Type
- Public Company
- Founded
- 1985
- Specialties
- Fashion Value Retail, Apparel, Homeware, Sportsware, Mr Price Money (Account Services), MRP Mobile (Buy Airtime), Online Shopping, Merchandise Buying, Merchandise Planning, Information Technology, Supply Chain, Retail Operations, Logistics, Supply Chain, Data Science, Graphic Design, Finance, Marketing, Call Centre, Customer Experience, and Omni Channel
Locations
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Primary
Get directions
65 NMR Avenue
Durban, KwaZulu Natal 4001, ZA
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Get directions
Masabalala Yengwa Ave
Durban, Kwazulu Natal 4001, ZA
Employees at Mr Price Group
Updates
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An incredible milestone for our Regional Risk Manager, Maria Van den Heever!
Celebrating My 27th Year at the Mr Price Group!!! People often ask: How can you stay in one business for SO long and not get bored? The answer is quite simple. MRP Never allowed me to get bored! It's an ever changing, forever evolving Company, that engages people to be Part of Everything they achieve. When I started working here, I said "I love my Job"! And for the past 27 years, I still say it every day - I LOVE MY JOB!! Passion - Value - Partnership - Cheers to the next 27 years!
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Is this the sign you’ve been waiting for? Join our Talent Community and find your new hustle! https://lnkd.in/dEaV-84E #MrPriceCareers #CareerGoals
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Mr Price Group reposted this
Welcoming the Comrades Marathon 2024 runners #MrPriceSport Going beyond and above our daily work lives 🥳🥳 Mr Price Group Nicolette Channell
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Mr Price Group reposted this
Junior Location Planner@ Mr Price Group | BCom Strategic Management Graduate (Cum Laude) | EBA
You don’t have to be crazy to work here, We’ll train you!😁🔥 Come and spend the day with me as an employee at Mr Price Group. #Mrpricegroup #Workfam #workwithus #team #MondayMotivation #careergoals #officecoffee Nicolette Channell Zinhle Sithole Theodorah Precious Mahlangu Farah Mahomed
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From management to marketing, finance to fashion, our team loves to upskill and try new career paths within Mr Price Group! Have you ever made a career switch? #Careergoals #Careerswitch
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Mr Price Group reposted this
A typical Day in the life of a Supply Chain Trainee at the Mr Price Group involves delivery/sustainability management, supplier onboarding and so much more! The culture and work friends make everyday better! #mrpricegroup #workfam #workwithus #mrpcareers Nicolette Channell
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We asked our Trainee Buyers and Trainee Planners what they noticed about the culture at Mr Price Group and they weren’t afraid to spill! What do you value about your work culture? #MrPriceGroup #careergoals #workculture
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Mr Price Group reposted this
To bean or not to bean 🤭 Getting a fresh morning fix from the Coffee Queen Fikile Fiks 😊 made with love and an amazing smile. All about sustainability 😅😅 #ForTheFoundation #WorkWithUs #MrPriceCareers Nicolette Channell Mr Price Group
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Why start your career at Mr Price Group? Our Trainee Planners and Buyers have 3 good reasons for you! #CareerGoals #Buyer #Planner
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