Mr Price CEO Scores R60m Payday as Group Hits 3,000 Stores

Mr Price CEO Scores R60 Million Payday as Retailer Hits 3,000 Stores

In mid‑2025, Mr Price Group CEO Mark Blair saw his total remuneration jump from R45 million in 2024 to a staggering R60 million in 2025. This milestone comes amidst the retailer’s rapid expansion, crossing the 3,000‑store mark and cementing its position as South Africa’s value champion

📈 Record-Breaking Remuneration

According to BusinessTech and X reports, Blair’s remuneration surged by 33% to R60 million for the 2025 fiscal year, underpinned by strong performance metrics and expansion outcomes :contentReference[oaicite:2]{index=2}. This significant increase reflects both fixed pay and performance-based incentives, aligning with total shareholder value creation.

3,000+ Stores: A Major Operational Milestone

Mr Price Group officially surpassed 3,000 stores during FY 2025, opening 184 new locations across its 15 brand chains, including MRP, MRP Home, MRP Sport, and Studio 88 :contentReference[oaicite:3]{index=3}. The store rollout more than doubled its footprint from around 1,400 outlets in 2021 to over 3,030 stores today, boosting its market share and brand accessibility :contentReference[oaicite:4]{index=4}.

Financial Highlights & Growth Drivers

  • Revenue: R40.9 billion in FY 2025, up 7.9% year‑on‑year :contentReference[oaicite:5]{index=5}.
  • Operating Profit: Reached a record R5.8 billion, with margin expanding to ~14.2% :contentReference[oaicite:6]{index=6}.
  • Market Share: Increased by 50 basis points, solidifying market leadership :contentReference[oaicite:7]{index=7}.

These gains are attributed to a disciplined low-cost model, bulk purchasing power, and strong cash-based retail strategy embracing clothing, homeware, sports, telecoms and financial services

CEO Pay: Benchmarking & Shareholder Perspective

Blair’s R60 million package is benchmarked against JSE-listed retail peers like Shoprite, Pepkor, and Foschini. The group’s remuneration committee places his total package between the 50th–75th percentile – justified given his performance in boosting returns and shareholder value :contentReference[oaicite:9]{index=9}.

Strategic Expansion and Capital Allocation

In FY 2025, Mr Price invested R830 million to open new stores, with capital expenditure projected to rise to R1.6 billion in fiscal 2026. This includes 200 new outlets, upgraded distribution centres (notably in Gauteng), and investments in digital & omnichannel capabilities :contentReference[oaicite:10]{index=10}.

Challenges & Resilience

The group faces macroeconomic headwinds—slow GDP growth, global uncertainty, and pending policy shifts. Yet cost discipline, optimized inventory turns, and cash sales (roughly 89%) have bolstered performance amid challenging conditions :contentReference[oaicite:11]{index=11}.

SEO Keywords Explained

Keywords embedded naturally include “Mr Price CEO salary”, “Mark Blair remuneration”, “Mr Price 3000 stores”, and “South African retail growth”. These align with trending search terms, ensuring discoverability across Google and Bing.

Conclusion

Mark Blair’s R60 million payout reflects a performance-led governance philosophy. With over 3,000 stores, R40B+ in revenue and nearly R6B operating profit, Mr Price Group’s aggressive expansion strategy appears sustainable and market-leading.

This story sets a benchmark in retail strategy, executive compensation, and balancing shareholder rewards with disciplined growth.

Posted on July 2025 by https://businesstech.co.za

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