Mr Price Group is a fashion value retailer, selling predominantly for cash. The group retails apparel, homeware and sportsware and is one of the fastest growing retailers in South Africa.
our business model is synonymous with offering fashionable merchandise at excellent value.
the value model is at the very core of the group’s existence. Being a value retailer means lower markups and selling higher volumes in order to offer ‘everyday low prices’.
cash sales constitute 80.4% of total sales and the group is focused on remaining a cash-driven retailer. This will continue to differentiate the group from its competitors and produce cash flows that will fund our continued growth and enable an attractive dividend cover.