Shrinking Pick n Pay still on the margin
South Africa’s third-largest retailer is going all out to win back customers — but will its desperate bid to regain market share succeed?
05 September 2024 - 05:01
The Pick n Pay store in Hyde Park Corner shopping centre has been a stalwart in one of Joburg’s most affluent areas for decades. But its performance has been lacklustre for years it and will close later this year. Checkers is in discussions to take over that store.
It’s a sign of the times. Where Checkers continues to pop up with new outlets in its aggressive expansion, Pick n Pay is to close a tenth of its corporate supermarket base over the next two years. A further 70 stores or so will be converted to the mass-market Boxer brand or to franchises...
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