New Pick n Pay CEO Pieter Boone’s got his hands full

It might be telling that while Shoprite makes much of its trading profit margin right upfront, you have to wade through 12 pages of numbers before you get to Pick n Pay’s.

And a direct comparison is hardly flattering: Shoprite pulled off a 6.1% trading margin for the year ended July, but Pick n Pay remained a considerable laggard with just 2.3% at the half-year ended August. Once again, its shares lag its fiercest rival: Pick n Pay stock has gained 18% year to date, but Shoprite shares are up 37%...