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.
بالفعل مشترك ? تسجيل الدخول
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.
بالفعل مشترك? تسجيل الدخول
'Musica' headed for SA
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Museum of military history
Symbolic home of soldiers and veterans worldwide
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Boks are fully loaded
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India draw first blood
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Make-or-break for Bok five
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Some game-changing boxes still left for coach Rassie to tick
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Drafting Suaalii was never a risk
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