The shopping trip we offer customers is improving, and our next generation stores are giving our customers confidence in our offer and in the future of Pick n Pay. Product and services expansion 4. Feedback from customers is positive at a time when shoppers are eeking more immediate help to balance their household budgets.
We need transparency on policy which directly affects manufacturers, retailers and consumers, such as the sugar tax, which allowed for virtually no consultation prior to implementation. Acknowledging the difference between timeless principles and daily business practices.
Building of sustainable communities Sustainability businesses have an important role to play in the building of sustainable communities — a responsibility Pick n Pay embraces wholeheartedly. It has developed its own next generation format, with a very strong meat, produce and deli offer. In looking to our future, we need to work hard, together, to transform our economy.
Beyond the top line growth, the illuminating figure is trading profit, which rose by When they are big enough, our national supply chain gives them a route to market which would not be available without us.
Administration Promotion and social responsibility People Each leg is equally important to the success and continued sustainability of the business.
Headline earnings per share rose by The conventional wisdom has it that as competition intensifies, informal traders find it harder to compete.
Over the past year, sales grew at 7. Sticking to values — even if this appears to put us at a competitive disadvantage.
Our Zambia business was resilient in the face of tough economic conditions, responding with strong financial discipline and cost control. And we need a joint and honest commitment to making South Africa the economic success her people deserve to have. We procure quality products at the best available prices.
And we need government departments to talk to each other to avoid the negative ripple effect of legislation with unintended consequences we can ill afford.
By running a better business, we were able to restrict selling price inflation within our business to 6. The Boxer offer was extended to more customers with 25 new stores opened through the year, and more planned for this year.
But for us and others to grow, we need certainty. We have always and will continue to take the longer-term view: Investment in new stores provides employment and confidence for others to invest and grow or regenerate local economies.
The growth and success of Pick n Pay is attributable to two fundamental principles: We have made a steady and sustained improvement in the way we run our business over the past four years.
After implementing a more than two-year turnaround strategy to return to its once dominant retail status, Pick n Pay management believe that its recovery is gaining momentum.
South Africa has never been an easy place to do business. We have recorded eight consecutive reporting periods of turnover and profit growth. Contact us Fundamental principles The spirit that guides the Company and gives it its unique character is driven by the values and principles that inspired Raymond Ackerman to establish Pick n Pay in Strong brand equity developed due to long heritage and presence in over 10 countries 5.
The business is essentially likened to a table supported by four legs, on top of which the consumer is positioned. The simplified Group structure is more cost effective to administer and has substantially increased our free float of shares. Each leg is required to be equally strong so that the table may remain balanced and upright.
Consumer sovereignty demands that we help customers more in tough times and we have accelerated our plan to do so.
The brand change is one of the largest in South Africa to date and funding will be a combination of new investment and allocated refurbishment costs. The most important thing is to ensure we are relevant.
External Changes like changing tax policies, government regulations, etc. Economic slowdown Lower cost competitors or imports 4. Its objectives for stage two is to improve the customer shopping experience, accelerate sales growth, and maintain profit growth and margins.
Adding new exclusive brands and products to improve sales Threats 1.Pick n Pay is a retail business in the fast moving consumer goods industry on the African continent – that believes doing good, is good business.
It was when consumer champion Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town. Pick n Pay’s premium strategy falls into place The launch of The Falls in Johannesburg marks the beginning of how Pick n Pay plans to tackle fresh in the future Store: Pick n Pay The Falls Location: Roodepoort, Gauteng Trading area: 4 m2 Back end: m2 Staff complement: The challenge: Pick n Pay’s offer to the customer focuses on groceries but also goes on to providing other products to their customers such as: The marketing strategy also specifies that growth is to be achieved by improving the number of products each member of the target audience consumes.
In addition to this, it is stated that growth. Pick n Pay’s move to stage two of its next phase of growth is starting to bear fruit. After implementing a more than two-year turnaround strategy to. Discounts and a more competitive pricing structure saw Pick n Pay growing half-year profits after tax by 18% Pick n Pay’s turnaround strategy yields dividends.
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