Sector: Consumer Services
The company is available at Interactive Brokers
Pick n Pay (JSE:PIK) is a retail business in the fast-moving consumer goods industry. The company operates through multiple store formats under three brands – Pick n Pay, Boxer and TM Supermarkets – and have the largest online grocery business in Africa.
Pick n Pay
Pick n Pay is a multi-format, multi-channel retailer with a strong and diverse portfolio of stores.
Pick n Pay is an inclusive brand focused on being the retailer for all – from the most affluent in society to those who are less fortunate and for whom price is of the utmost importance. Middle-income South African consumers make up the largest portion of the customer base. Pick n Pay operates on an owned and franchise basis and provides a wide range of products and value-added services that include an online offering. Pick n Pay is focused on delivering an exceptional customer offer, including range, quality, price, availability and service. Pick n Pay has a strong growth plan that benefits from flexible formats and a leaner operating model. Pick n Pay is focused on bringing its offer to communities where it is not yet well represented, including through small convenience stores.
Boxer
Boxer stores provide a “one-stop shop” for middle to lower-income shoppers in South Africa and Eswatini (previously Swaziland) and is fast becoming South Africa’s leading limited-range discount supermarket.
Boxer offers a tight range of quality products and services at affordable prices. Stores offer essential daily commodities such as maize meal, rice, samp, sugar, oil and beans, as well as perishables, health and beauty products, general merchandise and bulk-buy offers. Butcheries, bakeries and deli sections provide a choice of prepared convenience meals.
There are no franchise stores under this brand. While Boxer has reach across all nine provinces in South Africa, its geographical heartland is KwaZulu-Natal and the Eastern Cape. Boxer will continue to grow and expand in areas where the Group knows it can serve the needs of communities through its wide product range, affordable prices and community-rooted staff.
TM Supermarkets
The Group has a 49% investment in its associate TM Supermarkets in Zimbabwe.
TM Supermarkets, trading under TM and Pick n Pay, is one of the most trusted retailers in Zimbabwe, recognised in 2019 as Zimbabwe’s “Coolest Supermarket Brand” at the Generation Next Awards, and as the Marketers Association of Zimbabwe’s “Retail Superbrand of the year”. With its pay-off line, “Real Value Always”, customers are offered a wide range of groceries and perishables and a limited range of general merchandise. The fresh offering caters specifically for the communities they serve, at competitive prices. TM Supermarkets draws its customers from all communities and income groups across Zimbabwe, while store formats range from convenient small supermarkets to larger supermarkets.
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Potential dynamics
South Africans with a Luno wallet or VALR Pay will soon be able to use bitcoin to buy their groceries.
2023-09-04 13:05 +02:00
Government incompetence has left critical infrastructure in tatters, forcing companies to step into the breach.
2023-07-21 09:21 +02:00JSE:GLN JSE:AGL JSE:SBK JSE:NED JSE:DSY JSE:INP JSE:INL JSE:TBS JSE:PIK JSE:AVI JSE:MPT JSE:ARH JSE:ISA
Pick n Pay has warned of a slump in profits in the first four months of the trading year even as online sales surged.
2023-07-19 11:11 +02:00
Pick n Pay has launched an online homeware store, setting itself for a clash for with the likes of Yuppie Chef and Mr Price Home.
2022-11-08 13:33 +02:00
In a virtual strategy update event on Friday, Standard Bank Group revealed that it plans to cut head office and branch space by as much as a quarter by 2025.
2021-08-23 17:00 +02:00
South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks.
2021-07-14 06:40 +02:00
Telkom will charge users of its new Telkom Pay wallet, which is built on top of WhatsApp, a flat fee of 2.5% for transactions and card top-ups.
2020-12-03 07:36 +02:00
Pick n Pay now allows customers to deposit money directly into their own bank accounts at till points thanks to a partnership with Mastercard, Visa and Absa.
2020-07-08 08:18 +02:00
Pick n Pay has announced that its customers can now send digital grocery vouchers, allowing others to have access to essential items and encouraging contactless transactions during this time.
2020-04-21 07:08 +02:00
In the midst of the Covid-19 lockdown, supermarket giant Pick n Pay is upping the ante in South Africa’s online retail game by launching a same-day grocery delivery service in partnership with Bottles.
2020-04-08 06:18 +02:00
South Africa`s Pick N Pay Stores Ltd said on Tuesday inflation and power cuts in the second half of the year would add to the cost pressures the grocery retailer is already facing.
2022-10-18With two days to go until opening to the public, workers rush to put the finishing touches on the Kwena Square shopping complex, a shiny $13 million sign that South Africans are defying the global "retail apocalypse".
2022-06-29South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in the next three years and grow its market share by 3% under a new strategy, CEO Pieter Boone said on Tuesday.
2022-05-17JOHANNESBURG (Reuters) -South Africa deployed soldiers on Monday to quell violence that erupted following the jailing of former President Jacob Zuma, after days of riots left at least six people dead.
2021-07-12
South Africa`s luxury game lodges are empty and safari vehicles gather dust, with borders closed and airlines struggling due to the coronavirus crisis.
2020-08-19South Africa`s Pick n Pay Stores Ltd said on Tuesday the COVID-19 pandemic is likely to hit its margins and profitability this year as lockdown measures prohibit the sale of some items including liquor, tobacco and clothing.
2020-05-12
South Africa`s biggest supermarket chains could be forced to drop exclusivity clauses in shopping mall leases if they fail to do so voluntarily, the country`s competition watchdog said in findings from a sector inquiry published on Monday.
2019-11-25A focus on low prices and cutting costs helped drive a 9.5% rise in first-half earnings at Pick n Pay Stores Ltd , bucking the downward trend at other South African retailers and giving the biggest daily boost to its shares in 11 years.
2019-10-22
South African retailer Pick n Pay Stores Ltd on Friday reported an 18 percent jump in full-year earnings, as price cuts helped it attract highly cost-conscious shoppers and cope with the difficult trading conditions that have hit other retailers.
2019-04-26
South African supermarket chain Pick n Pay Stores on Tuesday said half-year profit before tax jumped 19.1 percent as price cuts attracted more shoppers to its stores.
2018-10-16
