JSE-listed retailer Mr Price has reported remarkable performance for its cellular standalone stores, contributing to the group’s impressive R37.9 billion in revenues for the 52 weeks ending March 30, 2024, an increase of 15.5%.
Today, Mr Price said the Telecoms segment saw a 10.2% increase in retail sales, reaching R1.2 billion, with comparable sales growing by 1.5%.
The Telecoms segment sells cellular products and services.
Mr Price Cellular standalone stores continued to perform strongly, leading to the opening of 30 new standalone stores during the period.
The expansion brought the total footprint, including combo stores, to 804 locations. According to GfK, cellular handsets and accessories gained 80 basis points of market share.
Also read: Mr Price’s Financial Services Division Approaches R1 Billion In Revenue
JSE-listed retailer Mr Price is on the brink of a significant financial milestone as its Financial Services Division approaches R1 billion in revenue.
The achievement emphasises the division’s rapid growth and key role within the company, highlighting Mr Price’s expanding footprint in the financial sector.
