PnP's franchise horror
The Citizen|August 29, 2024
Since February, the retailer has shut four corporate stores and 12 franchise ones.
PnP's franchise horror

IMPLEMENTATION MID-2025: WORK ON A NEW BUSINESS MODEL IS UNDERWAY

Pick n Pay has revealed the extent of the struggles in its franchise supermarket business, with sales down by 0.8% in the 21 weeks ending 21 July. It described this performance as "disappointing".

However, it needs to be seen in the context of internal selling price inflation of 4.7%, which means volumes through its franchise supermarkets were down by 5.5% versus last year over the March to July period.

The struggles across its franchisee base compare with sales growth of 3.6% across its company-owned supermarkets (and hypermarkets), excluding standalone clothing outlets.

It said "improved retail disciplines" has meant a strong turnaround from -0.5% in the second half of its previous financial year to the 3.6% level for the bulk of the first half of FY25.

It added: "The return of Pick n Pay Hypermarkets to positive sales growth after a sustained period of underperformance is particularly noteworthy."

Unboxing Boxer

هذه القصة مأخوذة من طبعة August 29, 2024 من The Citizen.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 29, 2024 من The Citizen.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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