Pick n Pay Stores Limited (JSE:PIK)
Pick n Pay (JSE:PIK) is a retail business in the fast-moving consumer goods industry. The company operates through multiple store formats under three brands – Pick n Pay, Boxer and TM Supermarkets – and have the largest online grocery business in Africa.
Pick n Pay
Pick n Pay is a multi-format, multi-channel retailer with a strong and diverse portfolio of stores.
Pick n Pay is an inclusive brand focused on being the retailer for all – from the most affluent in society to those who are less fortunate and for whom price is of the utmost importance. Middle-income South African consumers make up the largest portion of the customer base. Pick n Pay operates on an owned and franchise basis and provides a wide range of products and value-added services that include an online offering. Pick n Pay is focused on delivering an exceptional customer offer, including range, quality, price, availability and service. Pick n Pay has a strong growth plan that benefits from flexible formats and a leaner operating model. Pick n Pay is focused on bringing its offer to communities where it is not yet well represented, including through small convenience stores.
Boxer stores provide a “one-stop shop” for middle to lower-income shoppers in South Africa and Eswatini (previously Swaziland) and is fast becoming South Africa’s leading limited-range discount supermarket.
Boxer offers a tight range of quality products and services at affordable prices. Stores offer essential daily commodities such as maize meal, rice, samp, sugar, oil and beans, as well as perishables, health and beauty products, general merchandise and bulk-buy offers. Butcheries, bakeries and deli sections provide a choice of prepared convenience meals.
There are no franchise stores under this brand. While Boxer has reach across all nine provinces in South Africa, its geographical heartland is KwaZulu-Natal and the Eastern Cape. Boxer will continue to grow and expand in areas where the Group knows it can serve the needs of communities through its wide product range, affordable prices and community-rooted staff.
The Group has a 49% investment in its associate TM Supermarkets in Zimbabwe.
TM Supermarkets, trading under TM and Pick n Pay, is one of the most trusted retailers in Zimbabwe, recognised in 2019 as Zimbabwe’s “Coolest Supermarket Brand” at the Generation Next Awards, and as the Marketers Association of Zimbabwe’s “Retail Superbrand of the year”. With its pay-off line, “Real Value Always”, customers are offered a wide range of groceries and perishables and a limited range of general merchandise. The fresh offering caters specifically for the communities they serve, at competitive prices. TM Supermarkets draws its customers from all communities and income groups across Zimbabwe, while store formats range from convenient small supermarkets to larger supermarkets.