ARTICLES RELATING TO PICK N PAY STORES

PnP shares down after poor results

2013-04-23 11:01

Pick n Pay shares were down almost 3% after retailer said its full-year profit dropped 31%, hit by investments in its supply chain.

Pick n Pay profit tumbles

2012-10-24 08:27

SA's second-largest grocer Pick n Pay has reported a 34% fall in first-half profit, hit by cautious consumer spending and tougher competition.

New CEO for Pick n Pay

2012-10-03 09:43

Pick n Pay says after an extensive international search, it has appointed former Tesco board member Richard Brasher as its CEO.

Retail sector 'needs BEE charter'

2012-07-12 11:11

Despite black economic empowerment programmes by retail giants such as Pick n Pay, Massmart and Clicks, experts say the sector is not fully compliant.

Ackerman, Rupert in top family business list

2012-03-07 07:37

Two leaders of South African family businesses have made an international list of the top 50 leading family-led companies, according to a report.

Pick n Pay in new cash transfer option

2012-01-18 12:31

Retail giant Pick n Pay says a facility done together with BankservAfrica allows customers without bank accounts to transfer money.

Pick n Pay earnings fall short

2011-10-19 09:09

Pick n Pay has posted a 40% decline in first-half profit, hit by the start-up costs for its newly launched shopper reward programme.

Ackerman speaks out on nationalisation

2011-08-04 10:18
91 comments

Veteran businessman Raymond Ackerman says he is opposed to nationalisation as the state's role is not to run companies.

Cosatu shocked by Pick n Pay job cuts

2011-07-07 11:24

Pick n Pay's plan to retrench more than 3 000 workers is a reaction to the threat posed by Walmart, says Cosatu.

Clicks sees strong full-year growth

2011-04-14 09:19

Retailer Clicks has posted a 22% rise in first-half earnings, driven by a strong performance in its core drug chain store.

Pick n Pay expects steep profit drop

2011-03-31 08:46

Retailer Pick n Pay has warned that a strike and higher costs hurt its bottom line.

Zim wins massive steel deal

2011-03-14 06:44

Zimbabwe last week won its biggest foreign investment in a decade with a $750m steel deal, but that left other firms confused.

Not fair dinkum

2010-12-23 00:00

PICK N PAY’S delicate situation in Australia threatens to create a dilemma for the group: it may be compelled to recommit itself to the loss-making Franklins supermarket chain – at least for a little while – or “give the business away” as a forced seller if the pending sale to Australian wholesaler Metcash eventually fails.

Supermarket passes on bread savings

2010-12-17 12:22

Retail giant Pick n Pay says its customers are benefiting from an obligatory cut in Pioneer's bread price.

New hope for PnP deal in Australia

2010-11-23 09:00

The Australian group Metcash will push ahead with its planned takeover of a Pick n Pay subsidiary - despite opposition from authorities.

Australia sinks Pick n Pay deal

2010-11-17 08:16

The Australian authorities have opposed Pick n Pay's deal to sell the supermarket chain Franklins to a local group.

Pick n Pay boosts Zim investment

2010-11-02 08:46

Pick n Pay has hiked its shareholding in TM Supermarkets, Zimbabwe's largest retail chain, to 49%.

Cosatu call for PnP boycott

2010-10-29 12:06

Trade federation Cosatu says shoppers should stay away from retailer Pick n Pay in solidarity with the strike by Saccawu members.

PnP workers set date for strike

2010-10-25 09:43

Pick n Pay workers nationwide plan to begin a strike over wages and conditions of employment on Friday, says a union spokesperson.

Call to boycott Pick n Pay

2010-10-14 09:40
85 comments

As 27 000 Pick n Pay workers prepare to strike, the Young Communist League has called on consumers not to buy the retailer's products.

Pick n Pay keeps faith in Australia exit

2010-10-11 15:43

Despite hitches, Pick n Pay chairperson Gareth Ackerman is confident of the retail group's departure from Australia in its current financial year.

 

Pick n Pay profit falls as costs bite

2013-04-23 08:20

Pick n Pay has reported a largely expected 31% drop in full-year profit, reflecting a costly strategy to win market share and improve its supply chain.

Zim minister slams PnP deal

2012-11-29 14:50

Zimbabwe's Justice Minister Patrick Chinamasa has singled out Pick n Pay as he castigated foreign direct investment deals that add no value to the economy.

Pick n Pay warns of low stock

2012-10-04 14:01

Retailer Pick n Pay says it is running low on some goods at its stores due to the truck drivers' strike.

Vavi attacks Walmart deal

2012-07-18 17:51

Approving the contentious Walmart-Massmart merger was a serious error by the Competition Commission, says Cosatu general secretary Zwelinzima Vavi.

Pick n Pay posts drop in profit

2012-04-18 08:10

Pick n Pay has reported a 15% fall in full-year profit, missing expectations as it is hit by shopper loyalty programme costs and supply chain investments.

SA firms improve position

2012-01-29 17:15

SA's major retailers have risen in the rankings of the 250 global companies, with Shoprite still leading the local pack, according to a Deloitte report.

PnP ups stake in Zimbabwe chain

2011-12-02 11:31

Zimbabwe has approved Pick n Pay's plans to raise its stake in the country's biggest grocery merchant in a deal that promotes the retailer's Africa expansion aims.

Another Australia hurdle for Pick n Pay

2011-09-09 11:35

Pick n Pay says it is "disappointed" by Australian competition authorities' decision to appeal the dismissal of a bid to block its sale of Franklins to Metcash.

PnP gets extension on Franklin's deal

2011-07-29 10:09

Metcash has extended a deadline to conclude a deal with Pick n Pay to allow a court to review the competition regulator's initial rejection of it.

JSE rebounds on Greek news

2011-06-24 10:16

The JSE has opened sharply firmer, as optimism over the resolution of the Greek debt crisis boosted sentiment.

Ackermans take their pick

2011-05-12 00:00

The market may be less sure these days of Pick n Pay’s prospects, but the Ackerman family last week showed that the founders still have more than a smidgen of faith in the supermarket giant.

Pick n Pay slump worse than expected

2011-04-18 08:50

Pick n Pay has posted a 18% profit decline, missing expectations as results were stung by higher costs and strike action.

Pick n Pay slides on profit warning

2011-03-31 16:26

Shares in Pick n Pay have tumbled after it said it expected a drop in profit due to high costs and a strike.

Pick n Pay raises R500m

2011-03-18 14:34

Retailer Pick n Pay says it has raised an initial R500m through a domestic medium-term note programme it listed on the JSE.

'Grocers cleared of price-fixing'

2010-12-31 09:15

Food retailers have been cleared of price collusion by the country's competition watchdog, reports Business Day.

Food expiry dates 'only a guideline'

2010-12-21 16:15

Amid controversy over a firm's practice of "reworking" frozen chickens, a health department says food is not necessarily unsafe just after its expiry date.

Australia takes Pick n Pay deal to court

2010-12-08 14:02

The Australian Competition and Consumer Commission has started legal proceedings to stop Pick n Pay's sale of its Franklins stores.

PnP: Australians were hoodwinked

2010-11-17 10:03

Pick n Pay says the Australian authorities have been misled by "unnamed parties" to block its deal to sell the supermarket chain Franklins.

Pick n Pay strike over

2010-11-12 09:43

Pick n Pay employees are returning to work after agreeing to a wage hike of R365 a month.

Union to challenge PnP interdict

2010-10-31 16:07

A union has said it would make an urgent court application to contest an interdict granted to Pick n Pay to stop staff from striking.

PnP: 27 000 workers to strike

2010-10-27 09:51

The SA Commercial, Catering and Allied Workers Unions says that more than 27 000 of its members at Pick n Pay will embark on a full-blown strike from Friday.

JSE burdened by Chinese move

2010-10-20 09:43

The JSE is modestly lower, in line with global markets, as the surprise interest rate hike in China continues to weigh on global equities.

Battle heats up at Pick n Pay

2010-10-12 07:00

Some 27 000 Pick n Pay workers are embarking on a lengthy strike amid union allegations that the retailer tried to "bribe" employees with a R4m lunch.

PnP has a plan-B to exit Aus

2010-10-11 11:38

Pick n Pay has put in place an alternative exit strategy in the event the Australian competition regulator does not approve its deal with Metcash.

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