- CEO
- Mark McNeil Blair
- Full Time Employees
- 20,443
- Sector
- Retail trade
- Industry
- Apparel/Footwear retail
- Address
- Durban Station Complex Durban NL South Africa 4001
- IPO Date
- Jan 1, 1952
- Business
- Mr Price Group Limited (MRPZF) operates as a South African-based omni-channel fashion value retailer offering apparel, homeware, sportswear, financial services and telecommunications products; its core divisions include Mr Price Apparel retailing clothing, footwear and accessories, Mr Price Home providing contemporary homeware, textiles, kids merchandise and furniture, Mr Price Sport supplying sporting apparel, footwear, equipment and accessories, Miladys offering womens smart casual fashion, intimate wear, footwear and accessories, alongside Mr Price Money for credit and account services and MRP Mobile for cellular airtime and related telecoms. The company targets younger middle-income customers through a low-cost cash-based model with the lowest operating expense per square meter in South African retail, serving 4.1 million customers via 3,030 stores with 2,771 in South Africa, 259 across Africa and online sales at 2.1% of total retail. Founded in 1985 with headquarters in Durban, South Africa at 65 Masabalala Yengwa Avenue, the group maintains operations across six countries primarily in Africa through 36 entities and holds the highest ranking among apparel and homeware retailers on the FTSE/JSE Top 40 Index. Recent developments feature the acquisition of 70% of Blue Falcon 188 Trading Ltd to bolster strategic growth, alongside a new group strategy emphasizing focused retail landscape assessments, organic expansions and partnerships such as with Pargo for over 900 click-and-collect lockers; the company reports strong interim profit growth of 6.5% and sustained metrics including 39-year operating profit expansion at 19.0%.