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Boxer’s growth has been rapid since the business’ formation, as depicted in chart 1. Store numbers have grown at a compound annual growth rate of 14% since the first store opened in 1977. Currently, there are 281 Boxer Superstores, 150 Boxer Liquors, 31 Boxer Build stores and 15 Boxer Punch stores as at 28 February 2024 (Pick ‘n Pay Stores Limited 2024 financial year end).
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