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.
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TymeBank nearly at 500,000 clients, ARC Investments says
10/06/2019 - 15:15
TymeBank is on track to have 500,000 clients within the next three weeks, according to parent company African Rainbow Capital Investments (ARC Investments).
Pick n Pay's Richard Brasher earned R32m in year to March
10/06/2019 - 13:09
Pick n Pay CEO Richard Brasher, the former head of Tesco in the UK who is credited with turning around the SA grocery retailer since joining in 2013, was paid R32m for the group’s 2019 financial year.
Pick n Pay commits to monthly beach clean-ups
06/06/2019 - 11:50
Pick n Pay has launched monthly People n Planet Beach Clean-Ups which will see the retailer partner with local organisations across the country to drive public awareness for plastic waste and action for responsible disposal.
Pick n Pay reduces its energy intensity by well over a third
05/06/2019 - 15:47
Since 2008 Pick n Pay has reduced its energy intensity per square metre by 36.9% through both improvements in technology and behavioural change. The group has also expanded its solar installations.
Waitrose trials refill and bring-your-own containers scheme to reduce waste
05/06/2019 - 09:17
Waitrose has launched a new scheme where customers will be able to fill up or refill their own containers with a range of products as part of its ambitions to reduce waste.
More grocery stores in malls on the cards
03/06/2019 - 16:08
The Competition Commission said that it wants Pick n Pay, Woolworths, Spar, and Shoprite to stop enforcing exclusivity clauses in shopping malls they do business to allow for more competition.
Massmart wins grocery store battle
31/05/2019 - 09:22
Massmart, which owns the Game and Makro chains and other smaller retailers, received a major boost after the Competition Commission said Spar, Pick n Pay, Shoprite and Woolworths should be barred from entering into long-term exclusive lease agreements.
Using your smartphone at the supermarket can add 41% to your shopping bill
29/05/2019 - 11:05
A recent study suggests that grocery shoppers who use their phones in the supermarket end up spending, on average, 41% more than those who don’t.
The UK will ban plastic straws and cotton buds by 2020 – here are South Africa’s plans
27/05/2019 - 09:31
The Guardian reports that the move is hoped to vastly reduce the litter and other environmental impacts of the nearly five billion plastic straws currently used each year in the UK, along with more than 300 million plastic stirrers and close to two billion cotton buds with plastic stems.
Pick n Pay's partner Velokhaya expands to include feeding scheme for 200 children daily
21/05/2019 - 15:50
Almost 500 Pick n Pay Head Office employees – in partnership with Mellon Educate – volunteered their time and skills to build a kitchen and dining area at Velokhaya Life Cycling Academy in Khayelitsha last week. With this new facility, Velokhaya will launch a daily feeding scheme for around 200 children.