Steinhoff Africa Retail (Star) is South Africa’s leading non-grocery retailer, with a market share of over 11%. It is divided into two divisions, discount/ value and speciality.
The discount/value retailers division contributes 77% of Star revenue and 95% of profit. It includes Pep South Africa, by far the largest company, with 2 039 stores. Pep SA contributed 49% of division revenue in 2016. Other important players in the division are Ackermans (25%), furniture (11%) and Pep Africa (9%).
Speciality retailers contribute 23% to Star revenue and 5% to profit. DIY is the largest division by revenue, contributing 41%. It is made up of 129 stores across Timber City, The Tile House, Buco and Hardware Warehouse.
Clothing, footwear and homeware (CFH), which is made up of 833 stores across Shoe City, Dunns, Refinery, John…
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Finweek - English (Digital) - 1 Issue, 19-oct-17