Mr Price Group Limited. JSE: MRP

Background of Mr Price
Mr Price is one of the biggest public trading retail companies in South Africa. The retail chain has its main focus on clothing, footwear, sportswear, sporting goods, accessories and homeware, for sale to the lower and middle-income markets. The first Mr Price store was established in an old Bakers Biscuits warehouse in Durban in 1885. Its founders, Laurie Chiappini and Stewart Cohen, had a vision of creating factory shops that stocked fashionable clothing at reasonable prices.
Mr Price shares have been available to buy on the Johannesburg Stock Exchange (JSE) since 1952, and Mr Price share price has flourished. The company has expanded quickly and today, Mr Price‘s main business is omni-channel retail distribution through 1 150 corporate-owned stores, 15 franchised stores in Africa and its online channels. Their portfolio includes Mr Price, Mr Price Sport, Mr Price Home, Sheet Street and Miladys stores.
Mr Price’s business model is synonymous with trendy merchandise sold at excellent value, which has resulted in huge selling volumes. Cash sales make up more than 80% of the group’s total sales. In June 2016, the company announced that sales had exceeded R20 billion for the first time. Mr Price shares also yielded exceptional dividends for shareholders.
Mr Price Shares Growth Driver
Sales growth, supported by productive new space with the opening of numerous new stores, together with an expanding local online business has greatly improved the company’s performance and played a part in executing Mr Price’s goal to buy into a omni-channel experience.
Expansion into new African markets has seen satisfactory performances in both Nigeria and Zambia. The Ghana market too has been trading very well. Sales and Mr Price share price took dips due to the global and local economic turn down, but the group is recording positive data as economic recovery starts.
The group is diversifying into Africa and has just opened test stores in Australia, and aggressive growth is likely to continue into the foreseeable future. Mr Price share price and growth will hinge largely on how the economy influences consumer demand, but the company has forecast that its product prices will rise less when compared to other retailers, which should position it well.
Mr Price Group Investor Tip
Mr Price has warned that the consumer environment will remain depressed in the short-term as the economy continues to recover. The company has however been experiencing a boost in sales across most of its divisions, and is well placed to continue delivering above average earnings from both its local and African operations. Despite the economic conditions, Mr Price has been able to open a number of new stores and continue its expansion.
The live online stocks chart shows that Mr Price share price is currently at a relatively weak level but is slowly starting to bounce back. This gives investors a good opportunity to purchase a strongly performing share at a low price, which should yield good long-term growth.
Mr Price Major Shareholders
Public Investment Corporation, Capital Group Companies, JP Morgan Chase, GIC Private.
Sector
Consumer Discretionary
Industry
Retail – Discretionary
Sub industry
Specialty Apparel Store
How to buy Mr Price Group Shares
Mr Price : How to buy Mr Price Group Shares Online
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Frequently Asked Questions
What is Mr Price?
A leading public trading retail company in South Africa with primary focus on clothing, sportswear, sporting goods, footwear, homeware and accessories for sale to the lower and middle-income markets.
Can you buy Mr Price shares online?
The website of SA Shares makes it easy for you to buy JSE listed shares online.
Who are the major shareholders in Mr Price?
Public Investment Corporation, Capital Group Companies, JP Morgan Chase, GIC Private.
Is Mr Price a good share to buy?
A good opportunity to buy a strongly performing share at a low price with good looking long-term growth prospects.
When was Mr Price founded?
1985