PICK N PAY NEWS ON FASTMOVING

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.  read more

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. read more

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.  read more

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. read more

Johannesburg - Pick n Pay Stores [JSE:PIK] retailers were down almost 3% on Tuesday morning following the release of their annual results. read more

Recognising the strong buying power of emerging markets in Durban’s outer lying suburbs, Pick n Pay has acquired a property in Chatsworth which will see it go head-to-head with competitor Shoprite’s store on the opposite side of the road.  read more

Johannesburg - Popular supermarkets including Pick n Pay, Shoprite, Woolworths and Spar have responded to a City Press report that identified them as stocking incorrectly labelled meat products. read more

Zimbabwe's TM Supermarkets, in which Pick n Pay is a partner, has invested a further $25m into the retail chain, with the money aimed at transforming its retail outlets through refurbishment of the group’s 50 stores across the country. read more

Johannesburg - SA stocks recovered slightly from last week’s declines on Monday‚ as retailers and industrials led the market higher.  read more

[Cape Town, 21 March 2013] As part of its strategic expansion into Africa Pick n Pay will open its sixth Zambian store in Luanshya – in the country’s Copper Belt Province. This is a signal of confidence in Zambia’s economic future and takes the total number of Pick n Pay stores outside of South Africa to 95, across eight countries.  read more

South African grocery retail giant, Pick n Pay, has completed the takeover of OK Grocer at Keetmanshoop.  read more

Johannesburg - Retailer Pick n Pay Stores said on Wednesday that deputy CEO Richard van Rensburg will stay on a deputy CEO. read more

Development is underway at the V&A Waterfront for a new generation, flagship Pick n Pay store, expected to open in December 2013.  read more

Pick n Pay, has developed two new stand-alone retail centres situated in Chatsworth, Kwazulu Natal and in Roodepoort, Johannesburg. read more

Pick n Pay (PIK) has named Paul Marsh as divisional manager‚ groceries and perishables retail in the merchandise division. read more

Johannesburg - The JSE closed Tuesday’s session in the red with platinums making gains due to potential supply constraints‚ while retailers took a beating on market expectations that retail earnings could be lower than previously expected. read more

Zimbabwe Stock Exchange-listed diversified entity Meikles Limited is this week set to unveil is its second state-of-the-art Pick ’n’ Pay supermarket bringing to two such branches in the country. read more

Pick n Pay Zambia has opened its outlet in Kitwe with the Government commending the chain store for investing over K132 billion into the country. read more

MTN and Pick n Pay are poised to launch a mobile bank. Called Tyme, which stands for “take your money everywhere”, the venture will piggyback on the banking licence held by Bank of Athens. read more

The Kobo Touch e-reader has been released in SA as part of an exclusive partnership between Pick 'n Pay and Kobo.  read more

Pretoria - Government is pursuing a strategy of linking small producers with major retailers such as Wallmart, Pick n Pay and Spar to sell their produce directly to them, says Minister of Agriculture Tina Joemat-Pettersson. read more

Protea Glen Mall, which opened for business on Thursday 27th September, is set to become the suburb’s leading shopping centre, boasting 30 000m2 of popular retail stores. read more

Pick n Pay may take longer than expected to return to strong turnover growth as it was still paying for its past mistakes, a retail analyst said on Friday after the supermarket group released a trading statement that indicated a tumble in earnings.  read more

Pick n Pay on Friday said it expected headline earnings per share (HEPS) and diluted HEPS from total operations to decrease by between 10% and 20% for the 6 month period ended August 31.  read more

Johannesburg - Retailer Pick n Pay Stores warned on Thursday that it was running low on some goods at its stores due to the truck drivers' strike.  read more

Shares of South Africa's Pick n Pay surge nearly 7 percent, becoming the top percentage gainer on the All-share index after the grocer names the former head of Tesco's UK business as its next chief executive.  read more

Johannesburg - Pick n Pay Stores [JSE:PIK] announced on Wednesday that after an extensive international search, it has appointed Richard Brasher, the former Tesco board member, as Pick n CEO effective from February 2013.  read more

As food prices soar because of the ailing global and domestic economies, South Africans should also start worrying about the availability of something to eat. read more

Mike Cotterell, GM of online shopping at listed retailer Pick ‘n Pay, says the group continues to invest significantly in upgrading and improving its online shopping offering. read more

Turnover at Meikles for the quarter to 30 June 2012 was up 15% to $89m compared to the same period in 2011.  read more

Shoprite, the sponsor of the Woman of the Year competition, has announced the appointment of its first female director. Anna Mokgokong, who has a medical degree, is the co-founder and executive chairwoman of Community Investment Holdings and was South African Business Woman of the Year in 1999. read more

Africa’s largest supermarket group, Shoprite, entered the Democratic Republic of the Congo (DRC) with the opening of a supermarket in the capital Kinshasa. The South African company has been planning to enter the DRC since 2007, according to a report by Cedric Bra, retailing analyst at Euromonitor International. read more

Major local and international leading retail names have expressed confidence that Mall of the North, will be a significant driver for their growth adding more shopping variety to the region's super shopping centre in Polokwane, Limpopo.  read more

The share price of upmarket retailer Woolworths slipped as much as 3% yesterday after the group released a tepid sales update that fell short of the market’s expectations. read more

The Government must introduce a broad-based black economic empowerment (BEE) charter for retailers to ensure they were fully compliant with BEE codes of practice, empowerment experts said yesterday.  read more

The continent, long shrouded in scepticism and instability has become a modern day mecca for consumer facing multinationals in search of higher yield.  read more

SA’s supermarket chains were becoming increasingly aware of the importance of maintaining the health of SA’s, and the world’s, fish stocks and would soon demand Marine Stewardship Council (MSC) accreditation for the fish products they sold, the World Wide Fund for Nature SA (WWF SA) said yesterday. read more

Retailer Pick n Pay opened its first supermarket in Kamfinsa, Zimbabwe, on Thursday.  read more

Woolworths has saved itself about R80m since 2007 by adopting "sustainability initiatives" such as energy efficiency, and plans to save R100m more this way by 2015, says the retailer’s sustainability head Justin Smith.  read more

The country’s second-largest retailer, Pick n Pay (PIK), is operating in a time of tightened consumer spending, increased competition in the retail sector, and increased food inflation and utility costs, the retailer’s chairman, Gareth Ackerman, said on Friday. read more

From an operational perspective it is evident that Pick n Pay has been knocked off the top perch that it had effortlessly dominated for a few decades. But one top perch from which it is unlikely to be knocked is corporate social investment (CSI). read more

Former Pick n Pay CEO Nick Badminton was integral to the development strategy being implemented by the group and, as such, received a R10,1m restraint of trade payment, Pick n Pay’s annual report revealed on Friday. read more

SA retailers are aware that local consumers are becoming more cyber-savvy and are upgrading their online shopping capabilities in response, but they still have some way to go. read more

Despite growing concerns over Zimbabwe’s continuing 51% indigenisation programme that has ruffled the feathers of foreign investors, South African retail giant Pick n Pay is expanding in Zimbabwe, with plans to open a new supermarket in Harare at the end of the month. read more

Pick n Pay has made another large purchase of warehouse equipment from Goscor Lift Truck Company. This brings the total to more than 500 Crown electric material handling machines bought by the retailer from Goscor.  read more

Zimbabwe Stock Exchange-listed conglomerate Meikles Limited is set to open the first Pick’n Pay Supermarket in Kamfinsa, Harare, this month following the injection of $13 million into the group. read more

Johannesburg - Retailer Pick n Pay agreed to change its labelling next year after a complaint over the amount of candy-coated chocolate buttons inside an Easter egg, the Advertising Standards Authority (ASA) said on Tuesday. read more

Sprawling Chatsworth is set to have a new R150 million shopping centre by this time next year. read more

Johannesburg - Pick n Pay opened its second centralised distribution centre in Cape Town on Wednesday. read more

Local high-end retailer Woolworths came one step closer in its bid to lure what CEO Ian Moir calls "trolley shoppers" away from rival Pick n Pay by opening its first supermarket on Friday.  read more

Pick n Pay was now "well placed" to fulfil its founder Raymond Ackerman’s dream of free-market petrol prices, thanks to a deal with BP Southern Africa, a company spokeswoman said yesterday.  read more

Five million active users of Pick n Pay’s Smart Shopper card received combined benefits worth R350 million from the retailer during the 12 months to February. While the total cost of these benefits was not carried by Pick n Pay, the non-recurring set-up costs relating to the card appear to have been a major factor in the group’s weaker-than-expected performance for the year. read more

Johannesburg - South Africa’s No2 food retailer, Pick n Pay Stores [JSE:PIK], reported a 15% fall in full-year profit on Wednesday, missing expectations, hit by costs related to its shopper loyalty programme and investments in its supply chain. read more

Though operational results for the second half of Pick n Pay's financial year are expected to show an improvement, the group's fervent investment in its turnaround strategy is likely to have had a negative impact on profit growth for the year.  read more

During the 3rd annual Climate Change Leadership Awards held in Sandton, PnP was the winner in the Private Sector Retail category. read more

As the advertising world emerges from a torrid financial period characterised by recession and global instability that forced companies to cut marketing budgets, it faces a very different consumer environment.  read more

Pick n Pay exceeded the estimated number of Smart Shopper cardholders by 2 million. The food retailer had estimated that the loyalty programme would reach 3 million customers in its first year, but by yesterday the store recorded just over 5 million. read more

Taking a taxi to go shopping some distance away from their homes will be a thing of the past for the community of Protea Glen, as a huge new mall with almost all major retailers is to open on 27 September.  read more

Advertising spend jumped 11% to R32.1-billion last year from R28.9-billion the previous year, according to figures released this week by researcher Nielsen. read more

Pick n Pay (PIK) on Friday said headline earnings per share (HEPS) and diluted HEPS from continuing and total operations would decrease by between 10% and 20% for the year ended February 29. read more

Bytes Managed Solutions has a longstanding business relationship with Pick n Pay, and has recently been instrumental in delivering on a major project to enhance the customer experience and boost sales. read more

Woolworths Australia has been in discussions with local retailer Pick n Pay with a view to buying a stake in the group, according to local sources. read more

Smallholder farming continues to be on the agricultural development agenda as the government seeks to stimulate the agro-processing sector to kick-start its job creation drive. read more

Soon the trouble of having to commute to town for basic necessities will be a thing of the past for the Duncan Village community, as a new shopping centre will be opening in their township in a few weeks. read more

Johannesburg - Two leaders of South African family businesses have made an international list of the top 50 leading family-led companies, according to a report on Wednesday. read more

Bytes Managed Solutions has been awarded a contract, worth over R100 million in total, to refresh the existing point-of-sale (POS) hardware infrastructure at all Pick n Pay stores over a two-year period. read more

Kenyan retail chains that have gone aggressive in their regional expansions are expected to meet stiff competition from South African retailers such as Massmart, Shoprite, Pick n Pay and Spar.  read more

In an innovative joint venture Atterbury Properties and Pick n Pay will create a R160 million flagship 10,000sqm next-generation ‘green’ store for the leading retailer. read more

Cape Town-based Pick n Pay announced the appointment of Rod Salmon, who will take the position of Divisional Manager, General Merchandise at the retailer from 1 March 2012. read more

Pick n Pay Stores Ltd.’s Ackerman family should loosen its hold over South Africa’s second-largest supermarket chain if a new chief executive officer is to ward off competition from Wal-Mart Stores Inc. (WMT), analysts and fund managers said. read more

High-end retailer Woolworths will be opening 10 new bigger-format supermarkets in the medium term, CEO Ian Moir said yesterday, the first of which will be on William Nicol Drive in Bryanston, Johannesburg, the street where competitor Pick n Pay has set up its premium offering. read more

Spar, Shoprite and Pick n Pay have shrugged off an indigenisation broadside from the Zimbabwean government, which was reported to have issued a directive yesterday that licences for foreign-based chains not be renewed to facilitate localisation of the businesses. read more

[Cape Town, 08 February 2012] Pick n Pay announced today that CEO Nick Badminton would resign from the board of Pick n Pay effective the end of the financial year but would be available to assist the company and its chairman in the transition period.  read more

The retail environment in SA will see big changes within the next year or so, experts say. The cellphone will be at the centre of the revolution.  read more

Metcash has reached an agreement with Ritchies for the sale of nine Franklins stores, which will be rebranded under the IGA banner read more

In a rare case of consumer empathy, retailer Pick n Pay has reportedly boycotted some of its suppliers who did not agree “to drop their prices so that customers can benefit”. read more

Cape Town – South Africa's major retailers have risen in the rankings of the 250 global companies. Shoprite Holdings [JSE:SHP] still leads the local choir at No 92. This can be seen in Deloitte’s latest annual global retail report, Global Powers of Retailing 2012: Switching Channels.  read more

Pick n Pay has announced that it is currently experiencing a shortage of some products. read more

South Africa’s Pick ‘n Pay has outlined plans to rebrand TM stores countrywide. This will give an economic boost of about $13 million and create employment, “Our new investment in Zimbabwe will pump $13 million into the economy. read more

Retailer Pick n Pay announced on Tuesday that international retail professional Helmut Hoerz would join the company for a two-year assignment as head of merchandising. read more

A new soft drink - now at PnP stores in the Western Cape - talks directly to the SA youth market read more

As competition intensifies in SA, local retailers have looked offshore for growth and many have also understandably set their eyes on the rest of Africa.  read more

Cape Town - Pick n Pay recently launched its fourth Zambian store. Pick n Pay opened its first store in Lusaka in July 2010; its second store in Ndola in March 2011; and the third in Levy in November 2011. The fourth store, which will be situated in Makeni, is one of five planned for the country over the next four years. read more

Harare - Zimbabwe's competition regulator approved Pick n Pay Stores [JSE:PIK] plans to raise its stake in that country’s biggest grocery merchant, a $13m deal that forms part of the South African food retailer’s expansion plans across the continent. read more

Johannesburg - Retailer Pick n Pay Stores [JSE:PIK] said on Thursday it had reached an agreement with the SA Commercial, Catering and Allied Workers Union (Saccawu) that would result in no forcible retrenchments.  read more

An Australian court overturned a decision by the country's competition watchdog to block wholesale firm Metcash buying stores from South Pick n Pay Stores [JSE:PIK] - a precedent that may make it harder to challenge future deals. read more

Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs. read more

Retailer Pick n Pay has announced the opening of its third Zambian store in Lusaka, further signalling the group's confidence in the Zambian economy.  read more

In line with its aggressive African expansion plans, retailer Pick n Pay (PIK) on Friday announced the opening of its second Mauritian store at Cascavelle in Mauritius. read more

Pick n Pay founder Raymond Ackerman yesterday received the CNBC Africa All Africa Business Leaders Awards’ (AABLA) Lifetime Achievement award for having achieved phenomenal success as a businessman and for highlighting the importance of philanthropy in business. read more

[Cape Town, 19 October 2011] Pick n Pay today announced the launch of a brand new Private Label brand, “Finest”, positioned as the ultimate offering in the Pick n Pay-branded range of products. Finest has been developed as an exceptional range of sophisticated food products made from premium ingredients, raw materials and delicious flavours sourced from around the world.  read more

Pick n Pay interim results show 7.4% increase in turnover; R270m invested in transformation; Smart shopper loyalty programme exceeds expectations - annual cardholder targets beaten by 30% in the first six months  read more

If the adage of admitting one's mistakes is the first step to improving, then embattled retailer Pick n Pay could well be on the road to recovery, despite being far behind the curve with a 40% decline in first-half profits.  read more

Pick n Pay, SA’s second-largest grocer, may spend as much as R250m to cut 10% of its workforce and is casting its eye over the rest of the company as it implements its transformation programme aimed at bringing global best practices into the group.  read more

Johannesburg - Pick n Pay Stores [JSE:PIK], South Africa's second-biggest grocery retailer, reported a 40% decline in first-half profit on Wednesday, hit by the start-up costs for its newly launched shopper reward programme and investments in its distribution system. read more

Pick n Pay’s (PIK) significant investment to transform into a globally competitive retailer will have a material impact on its half-year profit, which it sees as being 35%-45% lower than last year. read more

Africa makes up 21 % of the World’s population, but contributes less than 4% to formal grocery sales globally. However, this is set to change as South African retailers gear up for growth in the rest of the continent.  read more

Large-scale retrenchments at Pick n Pay have raised questions about the company’s leadership, but analysts say its problems are not entirely the fault of those at the helm. read more

8 July 2011 - Nyon, Switzerland: UNI Global Union said today that the announcement from South African supermarket chain Pick n Pay that it plans to cut about 3137 jobs from its workforce is a clear sign of the “Walmart effect” it believes the world’s biggest retailer will have on South Africa as it prepares to enter the country.  read more

[Cape Town, 06 July 2011] Pick n Pay announced today that it had communicated with SACCAWU in terms of Section 189A and 189 (3) of the Labour Relations Act, that due to operational requirements, it was contemplating the retrenchment of approximately 3137 workers at the company within the non-management bargaining unit (NMBU). read more