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Pick n Pay cuts headline loss to R299m as turnaround continues
🇿🇦 South Africa · Economy · 11 h ago
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26.10 05:46 UTC
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Turnover in the Pick n Pay segment, which excludes the Boxer discount chain, was flat at R36.4-billion.
It is targeting break-even at the Pick n Pay business by FY2029. – (c) 2026 NewsCentral Media
Pick n Pay cuts headline loss to R299m as turnaround continues
Labour changes start in November Pick n Pay said an agreement reached last week had enabled it to withdraw its store labour consultation process.
Its gross margin expanded 0.7 percentage points to 18.8%, supported by a better product mix and supply-chain improvements.
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