MR PRICE GROUP
Shop in Durban

The Group retails apparel, homeware and sportsware through owned and franchised stores and online channels in Africa and Australia. This will continue to differentiate the group from its competitors and produce cash flows that will fund our continued growth and enable an attractive dividend cover. Slow moving merchandise cleared to make way for fresh, new merchandise. The value model is at the very core of the group’s existence. Strong cash flows will support future growth and maintain an appropriate dividend payout ratio. Voted leader in Reporting and Communication in the Retail Services sector as well as overall winner across all sectors. The Group continues to remain committed to talent management and excellence in the employer framework, therefore enabling the group to remain one of the best companies to work for in South Africa. TGI (Target Group Index) SA Superior consumer trend profiling: Icon brands are brands that exist in every home in South Africa, they are brands that people not only know about, they actually own and use them. Orange Index Award for Excellence in Customer Service: Miladys was placed first in the Clothing Retail Industry category. The Orange index is an independent benchmark of service levels and best-in-class companies. Value is the heart of our business and we strive to add value in everything we do. It is more than just product, it is the way we service the business, each other and our customers. Value is about doing more than what is expected or required. Mr Price Group's corporate history began in 1885 with the opening of the first John Orrs stores. On the ground experience is proving invaluable, and each season is enabling us to develop a deeper understanding of the Australian consumers’ merchandise needs. Further attention is being focused on enhancing the supply chain and store operating metrics, so that a clear, scalable blueprint can be established. To date, the focus has been on post-paid contracts, offering competitive smart phones and tablets to creditworthy store card customers. Future opportunities, which include the sale of prepaid airtime products to Group cash customers, an online offering and valueadded services like wi-fi hotspot, streaming music and device insurance, provide additional benefits and derive good margins. Mr Price online goes global and also becomes the first international online store to launch in Nigeria. Demand for retail outlets in Africa’s most densely populated country, Nigeria, has increased significantly over recent years, driven by rising urbanisation and consumerism, as well as the swelling middle class. The lifting of the ban on imported goods in Nigeria last year, provided the opportunity to trade in this growing economy and the Group’s first test store in Lagos opened in March We are committed to the advancement of Sustainable Development. The division expects to record further gains in market share as consumers continue to respond to the authentic value-driven offer. The successful launch of the first Mr Price franchise store in Zambia in October 2007 has opened another new growth opportunity for the Group.