HARARE – Choppies Enterprises Limited, the Botswana-based retail giant, has experienced mixed financial outcomes since exiting Zimbabwe in December 2024, reflecting both challenges and ongoing focus on core markets. This exit was driven by adverse market conditions that favored informal traders over formal retail, making the Zimbabwe segment a financial liability with diminishing returns and rising operational costs. Following the Zimbabwe exit, Choppies reported steady retail sales growth in its core Botswana market for the year ended June 2025.
Group revenue from continuing operations grew by approximately 14.6%, with like-for-like retail sales up 8.6%, supported by improved gross profit margins in most segments except Liquorama, which faced heightened competition and illicit imports. The company, however, highlighted rising expenses up 21.8%, including costs related to the Zimbabwe disposal, new store openings, inflation, and operational overheads. Modi acquires Choppies Zimbabwe for US$260,000 after initial…Apr 16, 2025133 Modi acquires Choppies Zimbabwe for US$260,000 after initial… WATCH: Armed robbers pounce on Choppies Supermarket in…May 27, 202129,118 WATCH: Armed robbers pounce on Choppies Supermarket in… Choppies relists on Botswana Stock ExchangeJul 28, 20208,797
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