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Pick n Pay’s results for the year ended February 28 were notable from a variety of perspectives; they coincided with the 55th anniversary of Pick n Pay’s founding in 1967, the low-end Boxer chain has now been around for 45 years and the group’s new strategy was unveiled. The actual results, as good as they were in such a challenging retail environment, seemed to be of secondary importance to the new strategy that management will be judged on.

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