Pick n Pay Stores

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Pick 'n Pay Stores Ltd.
Type Public
Traded as JSE: PIK
Industry Retail
Founded 1967[1]
Headquarters Kenilworth, Cape Town, South Africa
Key people Gareth Ackerman
(Executive chairman)
Richard Brasher
(CEO)
Revenue Increase R54.7 Billion(FY 2009)[2]
Net income R1.19 Billion
Total assets R11.19 Billion
Total equity R2.14 Billion
Employees 50,000[3]
Website http://www.picknpay.co.za

Pick 'n Pay is the second largest supermarket chain store in South Africa, established in 1967. It can also be found in other regions of southern Africa, such as Botswana, Mozambique, Zambia, Zimbabwe, Lesotho, and Namibia as well as Mauritius and soon to open in Malawi. The founder of the chain was Jack Goldin. Raymond Ackerman purchased three Pick 'n Pay supermarkets (in Cape Town) from Goldin, and served as executive chairman until his retirement in 2010. His eldest son, Gareth, is the current chairman.[4]

Other supermarket store chains in South Africa that are part of the Pick 'n Pay group are Score Supermarkets and Boxer. However, Pick 'n Pay is currently converting Score supermarkets into Pick 'n Pay franchises. This initiative forms the core of Pick 'n Pay's economic empowerment scheme.

Due to a slump in profits, in July 2011 the company told labour unions that it would lay off 3,137 of its 36,673 staff.[5]

Rebranding[edit]

Pick 'n Pay store in Windhoek, Namibia

On 12 November 2007, Pick 'n Pay announced a brand transformation in the form of a brand redesign (which has largely remained unchanged since the 70s), new uniforms, advertising campaigns, and the slogan "Inspired by You". our slogan means to us we are inspired by consumers to give them the best affordable prices , at pick n pay the shopper is always valueble to us . so be smart shopper pick n pay with the smart shopper card . unbelievable savings.[citation needed]This rebranding of the iconic Pick n Pay brand led to the disappearance of the apostrophe which appeared before the "n".

Store Types[edit]

  • Pick n' Pay Supermarkets
  • Pick n' Pay Liquor is teaming up with sabs miller to bring even more affordable alcohol price . drink responsible
  • Pick n' Pay Clothing our clothin shops are not whre we want them to be yet in the nest 3yrs we will be opening more shops
  • Pick n' Pay Hyper
  • Pick n' Pay Express
  • Pick n' Pay Pharmacie (included in some supermarkets and Hyper markets)

Australia[edit]

In 1984 a Pick 'n Pay Hypermarket was opened in Aspley, Queensland, and in Sunnybank Hills, Queensland, Australia in 1994. It was bought by Coles Myer in the 1990s.

Pick 'n Pay owns the remaining Franklins supermarkets in Australia, which were sold off by Dairy Farm International Holdings Limited in 2001 after the store's mass-expansion had landed the store in financial trouble. Other Franklins stores were bought by Coles Myer and Woolworths Limited and re branded under their respective supermarket brands.

References[edit]

External links[edit]