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Pick N Pay Stores Ltd
JSE:PIK

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Pick N Pay Stores Ltd
JSE:PIK
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Price: 3 127 Zac -1.57% Market Closed
Market Cap: 32.4B Zac
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Pick N Pay Stores Ltd
Investor Relations

Pick N Pay Stores Ltd., a stalwart of South Africa’s retail landscape, traces its roots back to 1967 when it was founded by entrepreneur Raymond Ackerman. Emerging as a family-controlled business, the company quickly gained a foothold in the grocery sector by offering customers quality products at competitive prices. With headquarters in Cape Town, Pick N Pay has expanded its presence across the African continent, operating various store formats including supermarkets, hypermarkets, and convenience stores. Its business model revolves around leveraging economies of scale to provide everyday household items, fresh produce, and groceries, all while maintaining strong supply chain efficiencies. This approach not only ensures affordability for customers but also supports the company's profitability.

Pick N Pay’s revenue streams are diversified beyond direct retail sales, including financial services and property leasing. By integrating a comprehensive range of services such as banking solutions and insurance products through strategic partnerships, Pick N Pay taps into the growing demand for convenient financial solutions in its retail ecosystem. Additionally, the company engages in property management, capitalizing on its extensive real estate portfolio by leasing out commercial spaces to third parties. This multifaceted approach allows Pick N Pay to maintain a robust financial structure, hedging against market volatility and ensuring steady growth while continuing to serve the evolving needs of its customer base.

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Earnings Calls

No Earnings Calls Available

Management

Mr. Sean Robin Summers
CEO & Executive Director
No Bio Available
Ms. Lerena Olivier C.A.
CFO & Executive Director
No Bio Available
Mr. Raymond David Ackerman B.Com
Founder & Advisor
No Bio Available
Andrew Mills
Group Executive of Marketing
No Bio Available
Thembi Mbengashe-Mazibuko
Chief People Officer
No Bio Available
Mr. David North
Chief Strategy Officer
No Bio Available
Mr. Marek Adam Masojada
Managing Director of Boxer
No Bio Available
Iain Bromage
Group Executive of Commercial
No Bio Available

Contacts

Address
WESTERN CAPE
Cape Town
Pick 'n Pay Office Park, 101 Rosmead Avenue, KenilWorth
Contacts