Pick ‘n Pay To Roll Out 59 New Stores

Busrep:

Johannesburg - Pick ‘n Pay released its annual report on Tuesday, with one of the major highlights the fact that 49 new stores were opened in the year, with 59 confirmed for next year.

Chairman Raymond Ackerman said: “It is important to note that the entire group is very focused on the future. Whether through the continued investment in Franklins, the capital expenditure programme undertaken this year, our capital commitments for new stores across all brands over the next few years, or our investment in a new fresh distribution facility in Gauteng, we are actively focused on building future capacity.”

He said one of the primary goals of Pick ‘n Pay’s investment in Franklins was around the opportunity they saw for franchising in Australia.

“Our first franchise store started operating in April 2006. We are quietly confident that our franchise model will work and look forward to an improved performance at Franklins in the coming year,” said Ackerman.

He said the strike at Pick ‘n Pay stores mid-year had impacted predominantly on turnover and while the company had mostly recovered their top line sales, some divisions and select regions had fought hard to recover turnover.