CHRIS GILMOUR: What went wrong for Pick n Pay and right for Shoprite?

CHRIS GILMOUR: What went wrong for Pick n Pay and right for Shoprite? 🔒

2021-10-27 07:48:00 AM

CHRIS GILMOUR: What went wrong for Pick n Pay and right for Shoprite? 🔒

What has become clear over the long term is that Shoprite has been more consistent in turnover, margin and earnings growth than Pick n Pay

CHRIS GILMOURIt might seem hard to believe at current share prices, but there was a time not so long ago that Pick n Pay and Shoprite were of comparable size, based on their relative turnovers.Fifteen years ago, in 2006, Pick n Pay had a turnover of R36.7bn, while Shoprite’s turnover was R33.5bn. However, in the intervening years, Shoprite’s turnover has grown 11.3% compounded to the current figure of R168.03bn, while Pick n Pay’s turnover has only grown 6.4% compounded over the same period, to a current annual figure of R93.1bn. ..

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CoruscaKhaya The fact that Shoprite can pass increases in prices to its customers should be worrying. Why? Look at this graph below. Why SA cannot compete on labour costs vs other countries Our manufacturing declining. Not fault of trade unions but monopolists here. MYANC any comments? Pick n Pay silences victims of sexual harassment

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