Mr Price Group
Overview
Mr Price Group Limited and its subsidiaries operate 989 retail stores across Southern Africa.
Mr Price Group consists of five retail chains, focusing on clothing, footwear, accessories and homewares.
- Mr Price is about casual fun and relaxed fashion for the whole family.
- The Mr Price Sport range comprises sporting apparel, footwear, equipment and accessories.
- At Miladys the belief is that fashion isn’t about age, it’s about attitude. This fashion retailer provides classic and updated classic clothing, footwear, intimate wear and accessories to women throughout South Africa, Swaziland, Botswana and Namibia.
- From kitchenware to lounge living, Mr Price Home is about affordable modern living. Launched in 1998 and located throughout Southern Africa, Mr Price Home offers customers the latest in contemporary home textiles, kitchenware and home accessories.
- Sheet Street is a leading retail brand of ready-made home textiles in five Southern African countries, with over 240 stores in total. Sheet Street’s wide range of quality home fashions and everyday basics targets the Southern African customer who wants to co-ordinate their home both tastefully and responsibly.
Our Story:
Mr Price Group Limited is an omni-channel, fashion value retailer. The Group retails Apparel, Homeware and Sportsware and is one of the fastest growing retailers in South Africa.
Our History:
1885 – The first John Orrs store opens
1934 – The first Hub store opens
1952 – John Orrs is listed on the JSE
1967 – Acquisition of two Miladys stores
1986 – Laurie Chiappini and Stewart Cohen, together with BOE, acquire a major shareholding in John Orr Holdings
1987 – The first Mr Price store opens
1991 – Laurie Chiappini and Stewart Cohen acquire control of the Group from BOE
1993 – Launch of the Mr Price Group Share Partnership Initiative
1996 – Acquisition of Galaxy & Co. and Sheet Street
1997 – Alastair McArthur is appointed as CEO
1998 – Mr Price Home launched
2000 – Mr Price opens stores in Botswana and Namibia
2001 – Specialty Stores becomes MR Price Group
2005 – Over 100 million units are sold across the group
2006 – Sale of the Hub and Galaxy divisions
2007 – Launch of Mr Price Sport stores and Mr Price Franchising
2008 – Miladys wins the Orange Index award for excellence in customer service
2008 – Mr Price Apparel is voted the most loved and most frequented retail apparel brand
for the first time
2008 – This year Mr Price Home is voted the most loved and most frequented homeware retailer
2011 – Retail sales exceed R10 billion and profit attributable to shareholders exceeds R1 billion
for the first time
2011 – The group celebrates the 25th anniversary of change in control, recording a CAGR share of 25.3% and headline earnings per share of 23.5% over this period
2012 – First Corporate owned Mr Price store opens in Lagos, Nigeria
2013 – Mr Price launches its online store