Industry | Clothing, Retail, Accessories |
---|---|
Founded | 1965 [1] |
Headquarters | , |
Number of locations | 5,830 stores (2022) |
Area served | Southern Africa, Botswana, Lesotho, Namibia, Eswatini, Nigeria, Malawi, Mozambique, Angola, Zambia, Brazil |
Key people | P J Erasmus (CEO) [2] |
Revenue | EUR 4.53 billion [3] |
Number of employees | 49,700 (2022) |
Parent | Steinhoff International (43.8%) [4] |
Subsidiaries | PEP stores, Ackermans, Dunns, Incredible Connection, Shoe City, Refinery, Tekkie Town, Bradlows, BUCO |
Website | pepkor |
Pepkor is a South African-based investment and holding company focused on the discount and value consumer retail and fintech markets. The majority of operations are in South Africa, and operations extend to other African countries and Brazil. It manages retail brands, selling predominantly clothing, footwear, and homeware products, in addition to household furniture, appliances, consumer electronics, and building materials.
Its retail brands include PEP, Ackermans, Shoe City, Dunns, Tekkie Town, Refinery, S.P.C.C, CODE, Bradlows, Rochester, Sleepmasters, Incredible Connection, HiFi Corp, and BUCO. Its fintech operations provide financial and telecommunications services to customers in the formal and informal markets. Its Flash business supports 200 000 small-business traders in the informal market. Pepkor`s internally developed PAXI parcel delivery service very effectively leverages its expansive retail store footprint. [5]
The company was founded in 1956 by His first chain store opened in 1978, and was the start of PEP Reef. [6] [7] Formerly known as PEP stores the company changed its name to Pepkor Limited in 1982 and PEP stores became a subsidiary company. [1]
In 1998, Pepkor acquired Australian retailer Best & Less. [8]
In 2011, private equity company Brait bought a 24.6% stake in Pepkor for R4,18bn, valuing the company at about R17bn. [9]
In 2012, Pepkor purchased Australian department store chain Harris Scarfe from investment company Momentum Capital. [10]
In November 2014, Steinhoff International acquired Pepkor for US$5.7 billion. [11]
Pepkor was listed on the Johannesburg Stock Exchange in September 2017. [12] [13]
Pepkor expanded in the segment of sales of affordable mobile phones and sells 12 million cellular handsets per year. [14]
In February 2022, Pepkor acquired a majority stake in Brazilian retailer Grupo Avenida. The transaction, marked the company's first foray into Latin America. [15]
PEP retail stores focus on selling clothing, footwear, textiles, homeware, and cellular products to the lower end of the market that aims to sell items at the lowest possible price in large volumes in both rural and urban areas. They are Pepkor's largest and first subsidiary, with over 1,500 stores in countries across Southern Africa. [16] [17] [18]
Ackermans focuses on selling clothing, footwear and household textiles to the middle market from 953 stores across South Africa.
Dunns focuses on selling adult clothing, footwear and accessories to the middle income market from its 200 stores across Southern Africa. [19]
Shoe City focuses on selling footwear from 86 stores in South Africa. Like most Pepkor subsidiaries it focuses on selling to the mid-market segment of the retail industry in large volumes at low prices. [20]
Tekkie Town is a South African shoe retailer, offering a range of shoes, apparel, and accessories for men, women, and children. The retail chain has 400 stores across South Africa, with the majority of them located in Gauteng, the Western Cape, and KwaZulu-Natal. The company also has an online store. [21]
Genesco Inc. is an American publicly owned specialty retailer of branded footwear and accessories and is a wholesaler of branded and licensed footwear based in Nashville, Tennessee. Founded as the Jarman Shoe Company in 1924 as a footwear manufacturer, the company changed its name to the General Shoe Company in 1931 and became a public company in 1939. The company took its current name, Genesco, in 1959. Genesco exited footwear manufacturing in 2002 and now contracts with independent, third parties located outside the United States to manufacture its branded and licensed footwear. In June 2011, Genesco acquired U.K. retail chain and web business Schuh, which gave them an already well-established grounding in a market outside of the U.S.
Postie, formerly Postie Plus, is a New Zealand clothing store chain. It was founded in 1909 by Thomas Dellaca. As of October 2022, Postie has 61 stores as well as an online platform. Together with Australian retailer Best & Less, it forms the Best & Less Group.
Harris Scarfe is an Australian retailer that sells bed linen, kitchenware, homewares, electrical appliances and apparel. It was founded in 1849 in Adelaide, South Australia and has more than 50 stores nationally.
Shoe Carnival Inc. is an American retailer of family footwear. The company operates 429 stores throughout the midwest, south, and southeast regions, and Puerto Rico. It was founded by David Russell in 1978 and is headquartered in Evansville, Indiana.
Best & Less is an Australian retailer of clothing and household linens. As of October 2022, Best & Less has 182 stores as well as an online platform.
Poundland Limited is a British variety store chain founded in 1990. It once sold most items at the single price of £1, including clearance items and proprietary brands. The first pilot store opened in December 1990 following numerous rejections by landlords who had reservations about allowing a single-price store to operate, fearing it could adversely affect the local competition. An estimated 7 million customers shopped in Poundland every week in 2016, many being female shoppers in the C1, C2, D and E categories. Following a drop in share price of over 50%, Poundland was acquired in August 2016 by Steinhoff International for £610 million.
Thom McAn is an American brand of shoes and was formerly a retail chain. Its shoes have been sold in Kmart and Sears stores. It consists of leather-dress, casual, and athletic shoes. Until the 1990s, Thom McAn had hundreds of retail stores in the US, and was one of the oldest and best-known shoe retailers in the country. As of late 2008, the brand was controlled by Sears Brands, LLC.
...instore was a chain of retail stores in the United Kingdom, selling a range of products and principally concentrating on value homeware items.
Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 branches. In 2020, the Competition Tribunal approved the sale of the Edgars division to Retailability (pty) Ltd, and Jet to The Foschini Group.
PEP is a multinational retail company based in Cape Town, South Africa. Founded in 1965, PEP operated in 11 countries in Southern Africa with the opening of an outlet in Lobito, Angola in November 2008. As of November 2009, the company reported over 1400 stores in operation, with total employment equalling 14,000 employees. It also owns and runs the largest clothing factory in southern Africa, where it manufactures much of its clothing.
Cotton On Group is an Australian retail company known for its fashion, clothing and stationery brands. As of 2020, it has over 1,500 stores in 18 countries employing 22,000 people across eight brands: Cotton On, Cotton On Kids, Cotton On Body, Factorie, Typo, Rubi, Supré, Ceres and Cotton On Foundation.
Christoffel F. Hendrik Wiese is a South African businessman and billionaire. His source of wealth is consumer retail.
Steinhoff International was a multinational holding company that was dual listed in Germany and South Africa. It was officially liquidated on 13 October 2023. Its holdings were in the retail sector, primarily in furniture and household goods, and included a 43,8% stake in South Africa's Pepkor group. The company operated in Europe, Africa, Asia, the United States, Australia, and New Zealand. It was well known for an accounting scandal which led to criminal charges against its former chief executive, Markus Jooste.
Pep&Co was a British discount fashion retail chain, owned by the South African company Pepkor and based in Watford, England.
Edison Brothers Stores, Inc., was a retail conglomerate based in St. Louis, Missouri. It operated numerous retail chains mainly located in shopping malls, mostly in the fields of shoes, clothing and entertainment, with Bakers Shoes as its flagship chain. The company was liquidated in 1999, though some of the chains it operated continued under different owners.
James Wellwood "Whitey" Basson is a South African businessman and billionaire who was largely responsible for growing a small business called Shoprite from an 8-store chain valued at R1 million into an international retail conglomerate with revenue in 2019 of R150 billion, market capitalisation of R114 billion, more than 2 300 stores and 140 000 employees across 15 African countries. Deloitte's Global Powers of Retailing 2019 ranked The Shoprite Group as the 86th largest retailer in the world.
Edgars is a Johannesburg-based chain of stores present all over Southern Africa. The department store was previously selling clothing, shoes, homeware & beauty and under new leadership has recently shifted its focus to mass-market fashion and beauty products.
Retailing in New Zealand is an important sector in the economy of New Zealand, as a channel for a large proportion of household spending and international visitor spending.
Accent Group Limited is an Australian and New Zealand footwear and clothing retail, wholesaling and distribution company. It has more than 800 retail stores, along with 19 brands, and more than 20 online platforms.
Pepco is a Polish variety store chain with stores across Europe. It is part of the London headquartered and Polish listed 'Pepco Group' alongside sister brands Poundland and Dealz. Pepco stores account for most of the group's stores with 3500 branches across Europe, and has replaced Dealz completely in most European countries, except for Poland and Ireland.