Pick n Pay said it delivered a “resilient” performance in its full-year results, despite the damaging impact of load shedding on its bottom line.
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Energy minister Gwede Mantashe might think South Africa’s load shedding crisis can be solved within 12 months. Pick n Pay is betting big money that he’s wrong.
Consumers will face much higher prices unless the government urgently finds solutions to the power cuts that are crippling the economy, an industry group has warned.
Pick n Pay and Takealot Group have tightened their business partnership by exploring the roll-out of Takealot pick-up points in the grocery retailer’s stores.
Profitability decreased due to higher fuel surcharges, investments in new warehouses and discounted clearance of inventory, parent Naspers said.
Spar Group on-demand shopping platform, Spar2U, is nearing “critical mass” after expanding to 87 stores, it said.
Checkers has opened its first “dark store” to serve on-demand delivery as online grocery shopping continues to enjoy “notably strong growth”.
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.
Pick n Pay will soon allow its consumers to pay for groceries with crypto at 39 stores, and at all stores nationwide within months.
The strategy is to build Massmart into a force able to see off its brick and mortar rivals and then win a looming battle against Amazon.