Retailer says profit grew faster than sales despite restricting its selling price inflation to 6.1% for the year, well below published food inflation of 11% Source: Refurbishing disrupts Pick n Pay’s revenue growth
https://www.youtube.com/watch?v=vZ79iGys4qQ
African expansion is just not something most retailers are speaking of, says EY Source: Retailers shift away from Africa expansion
AN OLD SWARTLAND-BASED farmers’ co-operative – which a dozen years ago barely churned R30m in profits – now looks set to list on the JSE with profits of more than R210m in the year to end September 2016. Source: Kaap Agri’s bountiful harvest - Cape Business News
The firm says it is developing strong pillars for future growth by improving its customer offer across its formats Source: Pick n Pay expects full-year headline earnings to rise 15% to 20%
Pick n Pay has overhauled its Smart Shopper loyalty programme, halving the value of the cash rewards but saying it is making the rewards more personal and easier to access. Source: Pick n Pay cuts Smart Shopper rewards
SA retailers are finding it difficult to deal with inflation, competition and credit restrictions, writes Stafford Thomas Source: Why retail shares are losing their steam
Zimbabwe’s economy may be down and out, but new investment by Pick n Pay, OK Zimbabwe and Botswana-based Choppies points to a fierce battle for retail market share Source: Retailers square off in Zimbabwe
Through the Black Industrialists programme, a Western Cape company has been able to grow its business to become a pet food supplier for one of the country’s giant retailers. Source: Major lift-off for Western Cape pet food business - Cape Business News
As disposable incomes decline and salaries are not keeping up, consumers are cutting back on luxuries and buying in bulk, say analysts Source: Pick n Pay commits R500m to cutting prices on essential items
