- CEO
- Mark McNeil Blair
- Full Time Employees
- 20,443
- Sector
- Consumer Cyclical
- Industry
- Apparel - Retail
- Address
- Durban Station Complex Durban South Africa 4001
- IPO Date
- Aug 3, 2012
- Business
- Mr Price Group Limited (JSE: MRP) operates as a leading South African fashion-value retailer, offering apparel, homeware, sportswear, financial services and telecommunications products through an omni-channel model that emphasizes cash-based transactions and low-cost operations. The company retails clothing, footwear, accessories, cosmetics, home textiles, furniture, sporting goods and equipment primarily under brands including Mr Price Apparel, Mr Price Home, Mr Price Sport and Miladys; it provides financial services such as credit, insurance and cellular products via Mr Price Money and Associated Credit Specialists; and extends operations into telecoms alongside online channels contributing 2.1% of total retail sales. Founded in 1985 and headquartered in Durban, KwaZulu-Natal, South Africa, the group maintains over 3,000 stores across 15 trading chains, with 2,771 locations in South Africa and 259 in other African countries including Namibia, Botswana, Lesotho, Eswatini, Mozambique, Zambia, Malawi, Zimbabwe, Kenya, Angola and Tanzania, targeting middle-income customers seeking trend-led merchandise at competitive prices. In recent developments, the company completed the integration of its 2022 acquisition of Studio 88 Group, boosting contributions toward R1 billion in operating profits, while expanding its store footprint by 92 net new stores to reach 2,958 by September 2024 and planning a milestone 3,000th store opening in November 2024; it sustains debt-free status with R2.2 billion in cash resources post-acquisitions and capital investments nearing R10 billion over five years, alongside prudent credit management amid economic pressures and strategic shifts toward organic growth in fiscal 2025 with R1 billion in planned capex for further store expansions and revamps. The group reported interim revenue of R17.6 billion for the 26 weeks ended 28 September 2024, up 5.2% with gross profit margin expansion to 39.7%, headline earnings per share growth of 7.1% to 481.8 cents, and a 7.1% higher interim dividend of 303.6 cents per share, reflecting market share gains of 60 basis points and strong momentum into the second half.