Pick n Pay set to diversify operations

File: A general view of a Pick n Pay outlet. Wikimedia Commons/Bl1zz4rd-editor

JOHANNESBURG - Pick n Pay is set to split into three different brands which will serve distinct consumer groups.

The strategy -- which is based on research from thousands of consumers -- will also involve cutting the number of items per store.

READ: Pick n Pay to allow smaller players

The retail giant wants to boost profit margins and grow its market as it tries to keep prices low as inflation rises.

There's also a partnership with Takealot which will see Pick n Pay have a dedicated on-demand delivery service available on Takealot’s Mr D delivery app.

Pick n Pay saw a 14 percent rise in full-year profits despite taking a R2.7-billion knock in lost sales due to the July civil unrest and COVID-19 liquor bans.

Source
eNCA

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