PICK N PAY
It was 1967 when consumer champion Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town. Since then the Group’s vision has grown and expanded to encompass stores in South Africa, Namibia, Botswana, Zambia, Swaziland and Lesotho. In addition, Pick n Pay owns a 49% share of a Zimbabwean supermarket chain, TM Supermarkets.
We procure quality products at the best available prices. By operating a lean and efficient business,
supported by a strong and talented team, we are able to provide our customers with a tailored range of high-quality food, grocery and general merchandise products at competitive prices. Through our ongoing investment in the customer offer, we are able to drive sales and grow value for all our stakeholders.
The strategic focus of the business:
GROW SALES IN LINE WITH, OR AHEAD OF THE MARKET, BY PROVIDING GREAT VALUE, SERVICE AND INNOVATION FOR CUSTOMERS
Focus here is on delivering a first-class fresh, convenience and grocery offer, which gives customers unbeatable prices, value and service. The business is also developing a strong multi-platform and multi-channel retail offer, including standalone clothing and liquor stores and a burgeoning online business. In addition, the Group aims to continue to build its Boxer business into a thriving national limited-range discount format, and to continue to grow sales outside South Africa in a planned and prudent way.
ACHIEVE HIGH LEVELS OF OPERATING EFFICIENCY AND LOWER COSTS TO ENABLE
MAXIMUM REINVESTMENT IN THE CUSTOMER OFFER:
Focus here is on completing the centralisation of the Group’s supply chain and other services,
reducing the cost and improving the accuracy and responsiveness of distribution. The Group also aims to improve the efficiency and cost-effectiveness of its employee costs, both in stores and in its head office structures, while minimising increases in rentals, rates, electricity, water and other charges.
RESTORE THE UNDERLYING PROFIT MARGIN TO A HISTORICALLY SUSTAINABLE LEVEL:
The Group regards a sustained improvement in its underlying profit margin as a lead indicator of
progress in achieving a balanced turnaround characterised both by sustained sales growth and
greater operating efficiency.
Our banners / stores
Pick n Pay unveils its revamped "On Nicol" flagship store
18/10/2019 - 10:59
Pick n Pay’s flagship store On Nicol officially welcomed customers after a comprehensive revamp. The refurbished store has an exciting array of new offerings with the very best in retail concepts developed in South Africa and from around the world. Customers can expect an enhanced fresh food experience, a huge focus on product quality, a much-improved range, innovative third-party services, and refreshed customer service.
UK supermarkets join the nude-food revolution
16/10/2019 - 10:28
British supermarkets are starting to go “nude”.
Sainsbury's best performing of the big four but discounters still gaining ground
16/10/2019 - 09:17
Latest grocery market share figures from Kantar show total supermarket sales grew by 1.3% year-on-year over the 12 weeks to 6 October with Sainsbury’s continuing its recent run of better performance following investment in cutting prices and improving its offer.
Smart Shopper named SA’s favourite loyalty programme for seven years running
02/10/2019 - 13:03
Pick n Pay’s Smart Shopper loyalty programme has been named South Africa’s favourite loyalty programme for yet another year.
Tesco's Chief Executive to step down
02/10/2019 - 08:42
Tesco has made the surprise announcement that its Chief Executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, a renowned executive working for Walgreens Boots Alliance.
Pick n Pay runs trial Black Friday deals
26/09/2019 - 11:22
Ahead of Black Friday 2019, Pick n Pay will run its “Black Friday Trial Run” deals tomorrow. These will test the new systems Pick n Pay has put place to make sure customers can take full advantage of its big deals on Black Friday at the end of November.
Pick n Pay debt jumps after accounting changes
26/09/2019 - 09:44
Retailer Pick n Pay said its total debt had increased to R17bn from R1.6bn for the 53 weeks ended March 3, as a result of accounting changes.
Pick n Pay rolls out R4 lifetime reusable bag made from recycled plastic bottles
20/09/2019 - 14:14
Pick n Pay is rolling out its new budget green People n Planet reusable bag nationally after a successful trial with customers earlier this year. The bag is expected to be in all stores by mid-October.
Pick n Pay launches collectable Rugby Super Cards
19/09/2019 - 11:28
Local sports fans can once again feel part of the upcoming rugby tournament thanks to the launch of Pick n Pay’s new Rugby Super Cards.
Profits fall at Aldi UK but continuing expansion drive
18/09/2019 - 10:35
Aldi’s British and Irish arm saw its profits fall by more than a quarter last year due to price cuts and investment in its infrastructure. However, the discounter reaffirmed its plans to continue its rapid expansion, with London now a key area of focus.