Pick n Pay Stores Ltd 2018 IR
The report highlights Pick n Pay's financial and operational performance for the 52 weeks ended 25 February 2018. Despite a challenging economic environment, the company took decisive action to reduce costs, including a voluntary severance programme that streamlined the workforce by 10%. These efficiency gains allowed for significant price investments across 2,000 everyday items, restricting selling price inflation to 2.2%. The company expanded its footprint to 1,685 stores, including 124 net new stores, and achieved market-beating sales growth of 8.0% in South Africa during the final quarter. Additionally, Pick n Pay advanced its sustainability goals by reducing energy use per square metre by 37% from its 2008 baseline and diverting 54% of waste from landfills.
Company: Pick n Pay Stores Ltd
Sector: Consumer Staples
Country: South Africa
Year: 2018
Type: IR
Pages: 111
Pick n Pay Stores Ltd
Integrated Annual Report
The report highlights Pick n Pay's financial and operational performance for the 52 weeks ended 25 February 2018. Despite a challenging economic environment, the company took decisive action to reduce costs, including a voluntary severance programme that streamlined the workforce by 10%. These efficiency gains allowed for significant price investments across 2,000 everyday items, restricting selling price inflation to 2.2%. The company expanded its footprint to 1,685 stores, including 124 net new stores, and achieved market-beating sales growth of 8.0% in South Africa during the final quarter. Additionally, Pick n Pay advanced its sustainability goals by reducing energy use per square metre by 37% from its 2008 baseline and diverting 54% of waste from landfills.
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Document Details
Report Year
2018
Reporting Period
Feb 27, 2017 - Feb 25, 2018
Fiscal Year
2018
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Water Consumption
Employees