Despite a robust turnover and strategic capital raise, Pick N Pay Stores Ltd (STU:PIK) faces profitability pressures and operational hurdles.

Summers added that the business’s balance sheet supports its return to profitability, “but achieving break-even at Pick n Pay ...

Pick n Pay shut down 56 stores across South Africa during its 2026 financial year as part of its ongoing turnaround strategy.

Pick n Pay has recorded a R185 million loss for the 2026 financial year, with the group benefitting from the strong ...

Pick n Pay plans to open seven new stores in South Africa this year as it moves beyond a period of closures and conversions ...

The South African Commercial Catering and Allied Workers Union (SACCAWU) has accused Pick n Pay of sacrificing 22 000 employees rather than restructuring the pay of the retailers ...

Pick n Pay’s systematic execution across its six strategic priorities announced in 2024 is strengthening the foundation for a ...

Boxer posted 12.3% turnover growth, while the Pick n Pay segment recorded a 1.6% decline due to store closures and ...

SACCAWU has condemned Pick n Pay’s restructuring plans, warning over proposed pay cuts, reduced benefits and possible retrenchments.

Is this part of a smart stategy or a warning sign? The move sees the struggling retailer left with around 54% of Boxer, its 'golden goose'.

Pick n Pay is taking another stride towards environmental sustainability by introducing 10 more Reverse Vending Machines (RVMs) in stores across Gauteng, Eastern, and Western Cape, which will soon be ...