Food and clothing retailer Pick n Pay said it is “well advanced” with its turnaround strategy, which aims to increase its profit margins to a sustainable level. In a recent trading statement, the group said it expects headline earnings per share (HEPS) for the 42 weeks to 26 February 2017 to increase by between 15% and 20% year on-year, driven by greater cost control, improvements in its supply chain and higher productivity in stores.
The group is expecting to report turnover growth of 7%, which “reflects a difficult trading environment, alongside some internal disruption from refurbishments and store closures”, it said. Growth plans include improving its customer offering across its Pick n Pay and Boxer formats and enhancing its clothing, online and services offerings.
هذه القصة مأخوذة من طبعة 20 April 2017 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 20 April 2017 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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