Mr Price Group reports R13.1 billion first-quarter retail turnover
Africa’s retail market has delivered stronger-than-expected growth for South Africa-based fashion and value retailer Mr Price Group, with sales performance across the continent outperforming broader retail market growth during the first quarter of its 2027 financial year.
Staff Writer
Africa’s retail market has delivered stronger-than-expected growth for South Africa-based fashion and value retailer Mr Price Group, with sales performance across the continent outperforming broader retail market growth during the first quarter of its 2027 financial year.
The group reported that retail sales in Africa, excluding its newly acquired European business NKD, increased by 3.2% to R9.3 billion for the 13 weeks ended 27 June 2026, ahead of the Retailers’ Liaison Committee (RLC) retail sales growth of 0.8%.
Mr Price Group’s overall retail sales surged 45.3% to R13.1 billion, boosted by the acquisition of Pegasus Group Holding GmbH, which operates the NKD retail business in Europe. Other income increased 12.5% to R352 million during the period.
