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Mr Price spent the lockdown working on a new strategy. This is to leapfrog Shoprite to become Africa’s largest retailer by market value. And its path to doing this is to expand its reach

Mr Price spent the lockdown working on a new strategy. This is to leapfrog Shoprite to become Africas largest retailer by market value. And its path to doing this is to expand its reach into both higher- and lower-priced parts of the market
27 May 2021 – 05:00 Adele Shevel
Mr Price, the value clothing, sport and homeware business, has never suffered from a lack of ambition. The company, which opened its very first Mr Price shop in Klerksdorp in 1985, a year before buying out John Orr Holdings, saw the future in factory shop-style shopping.
Those who bought that vision in 1988, at a share price of 28c, would have seen their investment soar 70,000%. Put another way, R10,000 invested in Mr Price in 1988 would today be worth a not-inconsiderable R7m…