Shoprite, SA's biggest grocery retailer, will be launching its first standalone clothing store in Cape Town on Thursday. | News24_Business
Called UNIQ, the first branded shop will be situated at Canal Walk Shopping Centre. Including this store, the JSE-listed company is scheduled to open a total of eight shops in the next month.
Market analysts have welcomed the move by Shoprite, saying it had the potential to shake up the clothing sector. "They also have the management skills in place in existing shopping centres too and this is really incremental space and trade that they are adding to an exciting mix. It is a fantastic opportunity and I think the other retailers will be very nervous."
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