South African group Shoprite Holdings plans to double its network of furniture stores, OK Furniture, by opening new store sin small towns in South Africa and in countries such as Angola and Mozambique, the group’s director said.
Aubrey Karp told financial news agency Bloomberg that revenues see “two-digit growth each month” at OK Furniture, which ahs a network of 303 operating shops, which will be increased by 20 to 30 new points of sale by 2017.
The brand’s sales rise by 11 percent per months in the second half of last year and 9.8 percent on an annual basis, according to the company, which expects high growth outside South Africa, “given that sales in foreign markets have risen at a rate of 20 percent.”
Shoprite has OK Furniture stores in Lesotho, Swaziland and in Zambia and in Angola, where it is the only South African furniture group, it ahs its own fleet, “despite roads being bad,” said Karp.
In the home goods segment the Shoprite group, as well as OK Furniture, also has the Home & Home chain. (macauhub/MZ/AO)