Pick n Pay news

18 January 2021
South Africa-based Pick n Pay have announced that Richard Brasher will retire from his role as chief executive from 21 April 2021. The retailer said that Brasher will be succeeded as CEO by Pieter Boone, who was formerly the chief operating officer of Metro AG. Brasher to leave Pick n Pay in stronger position than when he arrived Brasher leaves after eight years as chief executive of Pick n...
28 October 2020
Following on from its results announcement , Pick n Pay has set out how it is aiming to continue to grow sales, both in South Africa and across the region more widely. To grow presence for Boxer banner Pick n Pay said it could double the number of Boxer stores to 600 in five years as it looks to target underserved low and middle-income shoppers. The retailer believes long-term growth wil...
23 October 2020
Pick n Pay has released interim results for the 26 weeks ending 30 August 2020. Turnover rises in H1… Pick n Pay reported comparable turnover rose 2.6% to ZAR44.2 bn (US$2.7 bn) at a total company level, with like-for-like sales rising by 1.0%. Its performance in South Africa drove its results, with comparable turnover in its home market rising by 3.4% to ZAR42.7 bn (US$2.6 bn), with like-f...
11 August 2020
South Africa-based Pick n Pay has published an earnings update, covering the 26 weeks to 30 August, which it says will ‘ reflect the considerable impact of the crisis to date ’. The retailer said the effect of three factors were expected to see it report a fall of more than 50% in its headline earnings per share. Mixed update highlights progress… In the update Pick n Pay highlighted how ‘ c...
30 July 2020
We round up new initiatives from Pick n Pay, Makro and Delivast, a new delivery start-up. Pick n Pay adds automated personalised discounts… Pick n Pay has added new personalised discounts to its Smart Shoppers loyalty programme. Since 14 July 2020, loyal shoppers receive biweekly discounts tailored to their shopping preferences, which are automatically downloaded to their accounts. The s...
29 June 2020
South Africa-based Pick n Pay has announced price reductions on essential items, a relaunch of its Fresh Living magazine and has opened its 300 th store under the Boxer banner. Price reduction on essential items To help households struggling to deal with the impact of the coronavirus (COVID-19) pandemic, Pick n Pay has announced an investment of ZAR500m (US$28.8m) in price reductions on es...
11 June 2020
We round up ecommerce initiatives from Pick n Pay, Massmart-owned Game, JamboPay, and Sokowatch. Game partners with Uber Eats for essential products South Africa-based, Massmart-owned Game has partnered with Uber Eats to deliver groceries and essential products through its app. The service will be available at 21 Game locations in Cape Town, Durban, Johannesburg, and Pretoria, with further ...
22 May 2020
Pick n Pay and Shoprite have announced they have agreed to drop exclusivity clauses in shopping mall leases with immediate effect. The retailers were suggested to be using the clauses to limit opportunities for small and speciality retailers. They have both have said they will also roll back the effects of the clauses on other businesses over time. Announcement follows 2019 Grocery Retail Mark...
15 May 2020
As part of its full year results announcement , South Africa-based Pick n Pay said the pandemic was expected to affect the margins and profitability in its 2021 financial year. It said the lockdown in its home market had led to the stopping of sales of key items including liquor, tobacco and clothing. Pandemic adding to existing operational pressures Retailers had already highlighted the...
14 May 2020
South Africa-based Pick n Pay said Group turnover rose 4.7% in its full year to 1 March 2020, despite the challenging operating environment. The retailer reported group sales of ZAR89.2 bn (US$4.8 bn) for the year. It highlighted the growth in its home market, where turnover grew 5.1% and comparable profit before tax rose 15.2%. Strength of performance for operations in South Africa… Pick n...