{"id":34325,"date":"2022-07-26T09:44:55","date_gmt":"2022-07-26T09:44:55","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales"},"modified":"2022-07-26T10:11:47","modified_gmt":"2022-07-26T10:11:47","slug":"pick-n-pay-sees-big-jump-in-booze-and-clothing-sales","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales","title":{"rendered":"Pick n Pay sees big jump in booze and clothing sales"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>On Tuesday morning, Pick n Pay’s share price jumped 3% after the group posted sales growth of almost 11% for the 18 weeks to 3 July. Its performance was bolstered by increases in liquor and clothing sales, along with an enormous jump in online sales.<\/p>\n

The group’s share price is now up nearly 14% since January.<\/p>\n

Group liquor sales for the period increased 17% year-on-year, while the clothing division\u2019s sales also climbed 17%. Total online sales for the period, including scheduled delivery, click and collect, and asap! (formerly Bottles) \u2013 the group\u2019s on-demand online service, almost doubled.<\/p>\n

“The launch of a dedicated Pick n Pay food and grocery offer on the Mr D App is on track. The initial launch will be in a limited number of stores in August, with national coverage targeted by the end of FY23,” the group said.<\/p>\n

Pick n Pay\u2019s South Africa segment grew sales by 10.5%, while the Rest of Africa\u2019s revenue increased by 18.9%, or 9.5% on a constant currency basis.<\/p>\n

In May, Pick n Pay announced that it was launching the Project Red format as part of its goal to grow its market share. Project Red will fill the gap between traditional Pick n Pay stores – now called Pick n Pay Blue – and the retailer\u2019s 45-year-old Boxer discount store brand. Six stores have been upgraded to the Project Red format.<\/p>\n

Pick n Pay said the new stores show “exceptionally encouraging initial results”.<\/p>\n

It plans to upgrade 150 stores to different formats by February 2023.<\/p>\n

Pick n Pay Clothing meanwhile has 73 new store openings confirmed for 2023 financial year, while Boxer is on track for 61 new stores.<\/p>\n

As part of its aim to reduce costs by R3 billion over the next three years the group announced the closure of its Kensington campus by December 2023.<\/p>\n

“Discussions with unions are progressing on delivering a more flexible and productive workforce which can better serve customers,” it said.<\/p>\n

Pick n Pay said the group is experiencing significant operating cost pressures in the current financial year \u2013 including increases in rates, electricity, utility and fuel costs.<\/p>\n

“The group expects the consumer environment to remain challenging, as a result of globally rising inflation and interest rates, and the ongoing impact of severe load shedding locally,” it said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. On Tuesday morning, Pick n Pay’s share price jumped 3% after the group posted sales growth of almost 11% for the 18 weeks to 3 July. Its performance was bolstered by increases in liquor and clothing sales, along with an enormous jump in online sales. The group’s share price is now up […]<\/p>\n","protected":false},"author":84,"featured_media":34324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,2843,2842,2841,1596,2840,275],"class_list":["post-34325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-boxer","tag-online","tag-pick-n-pay","tag-retail","tag-sales","tag-south-africa-2"],"yoast_head":"\nPick n Pay sees big jump in booze and clothing sales - South Africa<\/title>\n<meta name=\"description\" content=\"On Tuesday morning, Pick n Pay's share price jumped 3% after the group posted sales growth of almost 11% for the 18 week ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pick n Pay sees big jump in booze and clothing sales\" \/>\n<meta property=\"og:description\" content=\"On Tuesday morning, Pick n Pay's share price jumped 3% after the group posted sales growth of almost 11% for the 18 week ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-26T09:44:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-26T10:11:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/07\/postQueueImg_43-62dfbdcad9f17.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"958\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Pick n Pay sees big jump in booze and clothing sales\",\"datePublished\":\"2022-07-26T09:44:55+00:00\",\"dateModified\":\"2022-07-26T10:11:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales\"},\"wordCount\":395,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/07\/postQueueImg_43-62dfbdcad9f17.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"boxer\",\"online\",\"pick n pay\",\"retail\",\"sales\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pick-n-pay-sees-big-jump-in-booze-and-clothing-sales\",\"name\":\"Pick n Pay sees big jump in booze and clothing sales - 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