Quickmart Sustaining Growth in a Challenging Economic Environment Ramon CasadesusMasanell Kuria Kamau
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Quickmart is a leading South African company offering food, grocery, and household products across South Africa’s most affluent and diverse cities. The company is a market leader in the industry with a portfolio of over 2400 stores and a turnover of R23.5 billion in 2018. The company was founded in 1985 by A. G. (Ags) Smit and, over the years, has been expanding rapidly by introducing new and unique product offerings, expanding
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In the first quarter of 2019, Quickmart’s consolidated revenue was at P7.7 billion, up 2.7% compared to P7.5 billion in the same quarter a year earlier. Weaker foreign exchange rate on the back of lower demand for the South African Rand, impacted revenue, while the company also faced high interest costs on its over-borrowed debt, including non-performing debts. In addition to this, the company was impacted by a supply disruption and the resulting higher
Case Study Analysis
Section: Case Study Analysis In the world of business, there is always a struggle between the short-term profitability and the long-term growth. This struggle has been happening throughout history, but the economic landscape today is shifting in such a way that sustaining growth amidst challenging economic environments is getting more complex. One case study I chose to analyze, Quickmart, a leading supermarket chain in Kenya, illustrates how a business can sustain growth even in challenging economic environments. Firstly, the Kenyan economy has been marked by high inflation,
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I am happy to present my case study on “Quickmart Sustaining Growth in a Challenging Economic Environment”. Visit Website As a graduate in Economics, I know that it is not an easy task to gather data and information related to the topic. So I made my case study based on my personal experiences as a Quickmart store manager, my observations from the industry, and my analysis of the economic landscape in the past decade. helpful site My research showed that the economy experienced significant growth during 2009-2013, especially in
Financial Analysis
Economic challenges in 2015: The global economy continued to experience slow growth in 2015. In the first quarter, growth was recorded at 1.4% across the world, marking the slowest pace since 2009. The United States, the world’s largest economy, recorded a GDP growth of 2.2% during the first quarter, compared to the previous quarter’s 0.5%. In the euro area, the GDP growth came in at 1.1%, compared to the
PESTEL Analysis
In 2000, the world economy was struggling to cope with the Asian financial crisis and global recession, but Quickmart (the largest discount retailer in East Africa) kept on growing and maintaining a high level of profitability. In 2007, a new period of global economic instability started with the 2008 global financial crisis, and the world’s economy plunged into a deep recession. However, Quickmart managed to remain profitable and expand their sales in East Africa, despite the global economic crisis.