Pick n Pay says turnround efforts are taking hold

Pick n Pay says turnround efforts are taking hold Zandile.Khumalo Mon, 10/26/2026 - 19:53

JOHANNESBURG - Retailer Pick n Pay is still making a loss but there are some encouraging signs.

Pick n Pay group includes Pick n Pay stores and the profitable discounter Boxer.

It reports that headline losses fell by 31.9% to reach R299 million in the half-year that ended in August.

Focusing on Pick n Pay alone, it managed to reduce its trading loss by R105 million to half a billion rand.

**READ | **Pick n Pay reports modest sales growth

Revenue from Pick n Pay stores was fractionally lower and the company says this is partly because six stores were closed down in the six months and 12 over a full year.

Still, Pick n Pay says the loss underscores the scale of work that still needs to be done.

Price inflation was 1.5%, with the retailer saying this reflects its commitment to deliver low prices to consumers.

The group aims to break even in 2029.