Browsing: Pick n Pay

Pick n Pay has warned of a slump in profits in the first four months of the trading year even as online sales surged.

Rand Merchant Bank expects e-commerce adoption in South Africa to achieve “developed market penetration levels” by then.

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.

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.