Mr Price rakes in R1.2bn from telecoms

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Mr Price rakes in R1.2bn from telecoms
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Mr Price has seen growth in its telecoms segment and completed the implementation of Oracle ERP system. MrPrice RetailTechnology Oracle

Retailer Mr Price has seen growth in its telecoms segment, and it has completed the implementation of an Oracle merchandise enterprise resource planning system after some hiccups.

According to the retailer, group revenue was up 17% to R32.9 billion, aided by the inclusion of the acquisition of 70% of the Studio 88 Group , effective 4 October 2022, which brought the total number of stores in the group to 2 702.Its instore cellular merchandise presence increased to a total of 465 stores and the 12 standalone stores continue to perform strongly, it notes.

Mr Price points out the completion of the Oracle ERP system was a significant milestone for the group, de-risking its legacy, home-grown IT environment and building a firm platform for its growth ambitions.

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