Pick n Pay Stores
Appearance
(Redirected from Pick 'n Pay Stores)
This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (October 2021) |
Company type | Public |
---|---|
JSE: PIK | |
Industry | Retail |
Founded | 1967[1] |
Founder | Raymond Ackerman |
Headquarters | Kenilworth, Cape Town, South Africa |
Number of locations | 2,204 (957 company-owned and 747 franchised)[2]: 17 |
Area served | Southern Africa |
Key people | Gareth Ackerman: (Non-executive Chairman)
Sean Summers: (CEO)[3] Lerena Olivier: (CFO) |
Revenue | R106.6 billion (2023)[2]: 69 |
R1.68 billion (2023)[2]: 69 | |
R1.17 billion (2023)[2]: 69 | |
Total assets | R42.4 billion (2023)[2]: 73 |
Total equity | R3.7 billion (2023)[2]: 73 |
Number of employees | 90 000 (2023)[2]: 17 |
Website | www |
The Pick n Pay Group is a South African retailer. It operates three brands – Pick n Pay, Boxer and TM Supermarkets. Pick n Pay also operates one of the largest online grocery platforms in sub-Saharan Africa. Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town in 1967 from Jack Goldin.[4] Since then, the Group has grown to encompass stores across South Africa, Namibia, Botswana, Zambia, Nigeria, Eswatini and Lesotho. Pick n Pay also owns a 49% share of Zimbabwean chain TM Supermarkets.[5]
As of 2023, the company was operating at 2,204 locations across eight countries on the African continent.[2]: 17
Store types
[edit]- Pick n Pay Hypermarkets 22 (owned)
- Pick n Pay Supermarkets 530 (287 owned and 243 franchise)
- Pick n Pay Clothing 255 (235 owned and 20 franchise)
- Pick n Pay Liquor 506 (264 owned and 242 franchise)
- Pick n Pay Express 174 (franchise)
- Pick n Pay Market stores 38 (Spaza partners)
- Boxer Supermarkets 208 (owned)
- Boxer Punch 17 (owned)
- Boxer Build 30 (owned)
- Boxer Liquor 87 (owned)
- TM Supermarkets 61 (associate – 33 trading as TM; 28 trading as Pick n Pay)
References
[edit]- ^ Pick n Pay website, About Us
- ^ a b c d e f g h "Integrated Annual Report 2023" (PDF). www.picknpayinvestor.co.za. 26 February 2023. Retrieved 10 September 2023.
- ^ Hogg, Alec (2023-10-02). "Combative Sean Summers is back at Pick 'n Pay - Gareth Ackerman appoints group's ex-CEO in masterful coup". BizNews.com. Retrieved 2024-01-05.
- ^ Cone, Matteo (2013-12-01). "King of the Clicks' empire". Tribute to Jack Goldin. Retrieved 2022-04-23.
- ^ "Pick n Pay Stores Ltd.:Integrated Annual Report 2018" (PDF).