DStv Channel 403 Friday, 13 December 2024

Pick n Pay to review QualiSave brand

JOHANNESBURG - Pick n Pay is reviewing its recently launched QualiSave as it struggles to compete with rival Shoprite USave.

The retail giant released its interim results which showed a tough trading period.

READ: SA'S ELECTRICITY CRISIS | PICK N PAY SPENDS OVER R520M ON DIESEL

The Group's disappointing results led to the share price falling by about 13%.

Pick n Pay says the period was heavily impacted by power cuts and increased competition.

QualiSave was established to service lower-income households as consumers grapple with rising food prices.

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