S AFRICA: Pick n Pay positive despite FY profits fall
By Katy Askew | 18 April 2012
South African retailer Pick n Pay today (18 April) insisted it was "encouraged" by its improved performance over the past six months despite annual profits falling by more than 10%.
just-food articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
South African retailer Pick n Pay today (18 April) insisted it was "encouraged" by its improved performance over the past six months despite annual profits falling by more than 10%.
- Unlimited access to all the latest global food news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-food market research
- Plus much more
If you’re already a member, login here
More articles related to this one
Editor's choice: the highlights on just-food last week
The IGD's annual convention attracts the leading executives from the UK FMCG sector and last week they heard the likes of Tesco, Sainsbury's, Unilever and Heinz discuss the economy, multichannel strategies, labelling and innovation. Elsewhere, Wal-Mart outlined its expansion plans for next year, Mars called on the chocolate sector to co-operate more on sustainable cocoa (which it said would cost billions) and Kellogg revealed the possible financial impact of its latest recall.
S AFRICA: Pick n Pay records H1 sales increase
South African supermarket operator Pick n Pay has booked an increase in first-half sales.
On the move: Brasher faces challenge as Pick n Pay CEO
The appointment of former Tesco UK chief Richard Brasher as Pick n Pay's new CEO last week may not be enough to turn around the fortunes of the South African supermarket operator, some analysts have suggested.
Market research related to this article
Food Retail in South Africa
Datamonitor's Food Retail in South Africa industry profile is an essential resource for top-level data and analysis covering the Food Retail industry. It includes data on market size and segmentation, plus textual and graphical analysis of the key tr...
Grocery Retailers in South Africa
Since the emergence of the recession in 2009, retailers in South Africa have been making efforts to ensure they gain loyalty from their customers. The year 2011 saw retailers introduce quite a number of loyalty programmes to ensure they retain their ...
The Future of Retailing in India
Synopsis
Summary
This report is the result of World Market intelligence's (WMI) extensive market, company and deals research covering Indian retail market. It provides detailed segmentation of historic and forecast retail sales, segmented to ca...
