Pick n Pay
The Pick n Pay Group is one of Africa's largest and most consistently successful retailers of food, general merchandise and clothing.
Today, the Pick n Pay Group has a total of 775 stores, made up of Hypermarkets, Supermarkets and Family Stores (which are franchise stores). Pick n Pay employs over 42 000 people, and generates an annual turnover of R55.3 billion.
It wasn't always this way, though. In 1967, Pick n Pay was founded as a family controlled business with four small stores in the Western Cape. The next year, the company listed on The JSE Limited Securities Exchange, and from there Pick n Pay grew into the leading retail group it is today. Concentrating on food, clothing and general merchandise, the Pick n Pay Group is managed through two divisions: Pick n Pay Retail Division and the Group Enterprises Division. Each division has its own management board.
To find out more about the beating heart of Pick n Pay, read about our Fundamental Principles, our Sustainable Development projects and the people who make Pick n Pay the brand it is today.
The spirit that guides the Company and gives it its unique character is driven by the values and principles that inspired Raymond Ackerman to establish Pick n Pay in 1967.Those values and principles are considered sacrosanct and, despite changing times, new developments, improved technology and radical strategies, they remain consistent.
Core principles
The core principles that constitute Pick n Pay's business activities include:
* Maintaining abiding values, in spite of business practices changing with time.
* Fostering respect for individuals, not as a strategic advantage, but because it is morally correct.
* Acknowledging the difference between timeless principles and daily business practices.
* Sticking to values – even if this appears to put us at a competitive disadvantage.
Sustainable business
For over four decades we have built a truly sustainable business. The growth and...