Retailer Pick n Pay says civil unrest and restrictions on the sale of alcohol cost it about R1.7bn in lost sales in its first half, marring what was otherwise a strong start to its 2022 year.
Group turnover rose 4.1% to R46bn in Pick n Pay’s six months ending on August 29, but 212 stores, a 10th of the group’s base, were hit by looting and destruction in July, with second-quarter sales falling 0.7%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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