The Pick n Pay Group is a South African retail business in the fast-moving consumer goods industry. The Group operates through multiple store formats under 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, South Africa, in 1967 from Jack Goldin.[3] 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 supermarket chain, TM Supermarkets.[4]

Pick n Pay Stores Ltd.
TypePublic
JSE: PIK
IndustryRetail
Founded1967; 56 years ago (1967)[1]
HeadquartersKenilworth, 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)

Pieter Boone: (CEO)

Lerena Olivier: (CFO)
RevenueIncrease R106.6 billion (2023)[2]: 69 
Decrease R1.68 billion (2023)[2]: 69 
Decrease R1.17 billion (2023)[2]: 69 
Total assetsIncrease R42.4 billion (2023)[2]: 73 
Total equityDecrease R3.7 billion (2023)[2]: 73 
Number of employees
90 000 (2023)[2]: 17 
Websitewww.pnp.co.za

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            21          (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

  1. ^ Pick n Pay website, About Us
  2. ^ a b c d e f g h "Integrated Annual Report 2023" (PDF). www.picknpayinvestor.co.za. 26 February 2023. Retrieved 10 September 2023.
  3. ^ Cone, Matteo (2013-12-01). "King of the Clicks' empire". Tribute to Jack Goldin. Retrieved 2022-04-23.
  4. ^ "Pick n Pay Stores Ltd.:Integrated Annual Report 2018" (PDF).

External links Edit