As South Africa’s fastest-growing discount supermarket chain, Boxer Retail opened 19 new stores were opened, consisting of 6 Superstores and 13 liquor stores in the 20 weeks to July 29, 2026.
Boxer Retail’s share price fell 3.3% on Tuesday morning after the value retailer said its trading margin was likely to be flat in the 20 weeks to July 19 due to selling price deflation across its shopping basket.
The JSE-listed Pick n Pay subsidiary stated in a trading statement on Tuesday that they were operating in an environment of “slowing momentum in a highly constrained trading environment.”
The reported deflation resulted from deflation across key commodity categories, particularly maizemeal, rice, and flour, which all experienced double-digit deflation during the period.
The share price was trading at R73.18 on Tuesday morning, 4.8% higher than the R69.89 it was trading at a year ago.
