Mr Price Group Limited. JSE: MRP

Mr Price shares

Background of Mr Price

  • Mr Price is one of the biggest public trading retail companies in South Africa. The retail chain has its main focus on clothing, footwear, sportswear, sporting goods, accessories and homeware, for sale to the lower and middle-income markets. The first Mr Price store was established in an old Bakers Biscuits warehouse in Durban in 1885. Its founders, Laurie Chiappini and Stewart Cohen, had a vision of creating factory shops that stocked fashionable clothing at reasonable prices.

  • Mr Price shares have been available to buy on the Johannesburg Stock Exchange (JSE) since 1952, and Mr Price share price has flourished. The company has expanded quickly and today, Mr Price‘s main business is omni-channel retail distribution through 1 150 corporate-owned stores, 15 franchised stores in Africa and its online channels. Their portfolio includes Mr Price, Mr Price Sport, Mr Price Home, Sheet Street and Miladys stores.

  • Mr Price’s business model is synonymous with trendy merchandise sold at excellent value, which has resulted in huge selling volumes. Cash sales make up more than 80% of the group’s total sales. In June 2016, the company announced that sales had exceeded R20 billion for the first time. Mr Price shares also yielded exceptional dividends for shareholders.

Mr Price Shares Growth Driver

  • Sales growth, supported by productive new space with the opening of numerous new stores, together with an expanding local online business has greatly improved the company’s performance and played a part in executing Mr Price’s goal to buy into a omni-channel experience.

  • Expansion into new African markets has seen satisfactory performances in both Nigeria and Zambia. The Ghana market too has been trading very well. Sales and Mr Price share price took dips due to the global and local economic turn down, but the group is recording positive data as economic recovery starts.

  • The group is diversifying into Africa and has just opened test stores in Australia, and aggressive growth is likely to continue into the foreseeable future. Mr Price share price and growth will hinge largely on how the economy influences consumer demand, but the company has forecast that its product prices will rise less when compared to other retailers, which should position it well.

Mr Price Group Investor Tip

  • Mr Price has warned that the consumer environment will remain depressed in the short-term as the economy continues to recover. The company has however been experiencing a boost in sales across most of its divisions, and is well placed to continue delivering above average earnings from both its local and African operations. Despite the economic conditions, Mr Price has been able to open a number of new stores and continue its expansion.

  • The live online stocks chart shows that Mr Price share price is currently at a relatively weak level but is slowly starting to bounce back. This gives investors a good opportunity to purchase a strongly performing share at a low price, which should yield good long-term growth.

Mr Price Major Shareholders

Public Investment Corporation, Capital Group Companies, JP Morgan Chase, GIC Private.

  • Sector

    Consumer Discretionary

  • Industry

    Retail – Discretionary

  • Sub industry

    Specialty Apparel Store

How to buy Mr Price Group Shares

  • Mr Price : How to buy Mr Price Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Mr Price Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Mr Price and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Mr Price Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Mr Price.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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