Shoprite (Isle of Man)

Shoprite (Isle of Man) Limited
Supermarket
Industry Retail (Grocery)
Founded 1972
Headquarters Little Switzerland, Douglas,
Isle of Man
Number of locations
 12
Area served
 Isle of Man
Key people
 Andrew Thomas
(Chief Executive Officer)
Deryck Nicholson
(Executive Chairman)
Products Groceries, consumer goods
£357,180 (as of 2011)[1]
£39.1 million (as of 2011)[2]
Owner Nicholson Investments Ltd.[3]
Number of employees
 600+
Website www.manxshoprite.com

Shoprite (Isle of Man) Limited (trading as Shoprite) is a supermarket chain in the Isle of Man. It is a wholly owned subsidiary of Isle of Man Enterprises plc (formerly Shoprite Group plc).[4] The holding company shares were traded on the PLUS Stock Exchange but were delisted with effect from 3 January 2012. On 1 November 2011, the company announced an offer to buy back many shares along with an invitation to subscribe for Shoprite bonds paying 2% cash interest per annum plus 3% Grocery Vouchers per annum.[5]

Shoprite currently owns 12 supermarkets in the major towns of the Isle of Man. Three are located in Douglas, two in Peel, two in Ramsey, three in Port Erin, one in Onchan and one in Castletown. One of the Port Erin supermarkets is branded as Iceland[6] and another as Shoprite Living.[7] One of the Douglas stores trades as Winerite Extra.[8]

Shoprite store in Port Erin.

The supermarkets in Port Erin and Peel have a Subway café. There is also a Subway unit in Iceland, Douglas.

Its major competitors are Tesco (one store in Douglas) and Manx Co-op (ten supermarkets, mostly convenience stores, across the Isle of Man).[9]

The company slogan is "The Difference Every Day"[10] and is the main supporter of the Isle of Man Food and Drink industry. It is the only supermarket in the Isle of Man that stocks food from Waitrose (UK supermarket chain),[11] Iceland (UK discount supermarket chain),[12] Subway (US owned fast food franchise, currently the largest in the world),[13] Wilkinson (UK based high street discount store), Cook (UK frozen ready meal supplier),[14] Peacocks (UK "value" fashion retailer),[15] and Lloyds Pharmacy (UK pharmacy chain).[16] Shoprite previously also had concessions from German company Tchibo[17] prior to the withdrawal of Tchibo from the Isle of Man market parallel to its withdrawal from the UK market. Tchibo's lack of success in the British market was summarized in the Retail Week 14 February 2008 issue, in which Tchibo was described as "a glorified pound shop". In 2009 Tchibo closed its own stores and supermarket concessions across the UK.[18]

Shoprite store, Derby Road, Peel

References

External links

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