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Headline earnings per share , the main profit measure in SA, for the 52 weeks ended February 28 fell to 229.31 cents from 291.90 cents. Comparable Heps, which excludes hyperinflation accounting, fell by 16.8%. Sales in core food and groceries in SA grew by 10%, while liquor and tobacco sales fell 31%. Clothing sales increased 1.3%.
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Ban on cigarettes and alcohol nailed Pick n Pay annual profitsRetailer Pick n Pay reported a 21.4% decline in annual earnings on Wednesday, weighed down by a ban on the sale of alcohol and other products and by one-off compensation costs.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
CHRIS GILMOUR: Brasher turned Pick n Pay around, but it is still laggingRetailer was especially hard hit by the prohibition of alcohol, tobacco products and clothing sales in lockdown
Source: BDliveSA - 🏆 12. / 63 Read more »
Clicks to hold largest retail pharmacy network in SA after Pick n Pay dealJSE-listed health and beauty retailer Clicks Group is set to hold the largest retail pharmacy network in South Africa, with a portfolio of 632 pharmacies in the country, after it announced the acquisition of the retail pharmacy business of Pick n Pay, including 25 of its in-store pharmacies. busrep This in China won't happen, greed
Source: IOL - 🏆 46. / 51 Read more »
Pick n Pay loses R4bn in sales due to Covid-19 lockdown bansPick n Pay was not permitted to sell liquor for 209 trading days in the year Check out our value-adding match predictions for today in the EPL,La Liga,Serie A, German Bundesliga, French Cup and Russian Cup.100% of our predictions in the EPL have been correct since the 12th of April 2021!!! honestly dont understand is this all cigs and alcohol . would have suspected sales on food would have gone up
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »