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
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Denne historien er fra August 29, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Writing on the wall for O'Shea
Approaching the halfway point of the season, UAE champion jockey Tadhg O'Shea is facing a tough battle in his bid for a 13th title.
Early selections for Sha Tin Sunday
Luke Middlebrook's tips and race-by-race preview from Idol Horse for Sha Tin's Sunday racemeeting.
Greaterix to finally have his day
QUALITY: THREE OUTSTANDING FEATURES ADDED TO MAKE A GREAT TURFFONTEIN CARD
Luna Halo to keep bracelet at home
The Lady's Bracelet has always been one of the popular events on the Fairview calendar and has won by some decent runners.
Buyer splashes out R24m for Tokyo new year tuna
The top bidder at a Tokyo fish market said they paid $1.3 million (about R24 million) for a tuna on Sunday, the second highest price ever paid at an annual prestigious new year auction.
Ten Commandments tablet sells for R94m
BIBLICAL: HIGH FIGURE NOTCHED DESPITE DOUBTS OVER AUTHENTICITY
PVA Revved Up and Rearing to Go
Park Village Auctions (PVA) is starting 2025 in full throttle with back-to-back Absa repossessed vehicle auctions next Wednesday and Thursday.
MI GOODNESS
Potgieter shines with the ball and Brevis with the bat in opening match in Gqeberha.
Chiefs have plenty to 'fix'
Nasreddine Nabi (below) has admitted Kaizer Chiefs are not where he wants them to be \"in some areas\" after his first five months in charge at Naturena.
Jose left at a loss for words
Orlando Pirates coach Jose Riveiro (above) battled to explain how his dominant side lost the Betway Premiership match against Cape Town City.
