Pick n Pay deputy CEO stays on
I-Net Bridge - Feb 27th, 14:19
Johannesburg - Retailer Pick n Pay Stores said on Wednesday that deputy CEO Richard van Rensburg will stay on a deputy CEO.
Johannesburg - Retailer Pick n Pay Stores [JSE:PIK] said on Wednesday that deputy CEO Richard van Rensburg will stay on a deputy CEO.
He was appointed to the executive position of deputy CEO for a three year period‚ effective from October 1 2011‚ so that the company could benefit from his experience in the implementation of strategy.
In this function‚ the IT‚ supply chain and property functions reported directly to him. Following the resignation of Nick Badminton as CEO‚ he assisted acting CEO‚ Gareth Ackerman‚ in the day-to-day administration of the company whilst a search was conducted for the company’s new CEO.
Van Rensburg will‚ in addition to IT‚ supply chain and property‚ now also focus on critical areas that are important to increasing efficiencies and finding further opportunities for growth.
Namibia: Pick n Pay benefits from anonymous tip-off line
20/05/2013 - 11:42
Shrinkage costs Pick n Pay During the financial year 2011/2012, Pick n Pay lost almost N$8million as a result of theft and pilferage which took place in a number of Pick n Pay stores across the country. In a bid to bring down shrinkage in its stores, the retailer introduced an anonymous tip-off line for the public and its stakeholders.
Zimbabwe: Big brands knock out small retailers
06/05/2013 - 10:36
Experts contend that the introduction of the multiple-currency system in 2009 has seen low income retail shops which thrived during the years of economic meltdown scale down their operations due to heightened competition.
V&A Waterfront reports strong growth in 2013
03/05/2013 - 10:21
New developments, refurbishments and an increase in international brands set to drive continued growth Cape Town, 02 May 2013: The V&A Waterfront continues to track ahead of national retail growth figures in 2013. According to the latest report by Statistics SA, results for the national average sales growth in January indicate a 6.8% increase while the V&A reports show a growth of 11.64% increase for January.
Nedbank backs Tembisa's new MegaMart with R238m Loan facility
29/04/2013 - 08:39
Tembisa in the East Rand, will soon get a new shopping mall by November 2013, thanks to the development of the Tembisa MegaMart following Nedbank Corporate Property Finance’s recent approval of a R238 million finance facility.
Pick n Pay shares down after poor results
24/04/2013 - 10:01
Johannesburg - Pick n Pay Stores [JSE:PIK] retailers were down almost 3% on Tuesday morning following the release of their annual results.