Group profile
Pick n Pay is a family-controlled business. Four small stores were purchased in
1967 and the Group was listed on the JSE Limited, the recognised stock exchange
in South Africa, in 1968 (as Pick n Pay Stores Limited).
Over four decades we have built a well-respected business. The growth and success
of Pick n Pay is attributable to two fundamental principles - an unwavering belief in
consumer sovereignty and the application of the “four legs of the table” principle.
At Pick n Pay we strive for
consumerism - to interpret
and
satisfy customers’ needs
These principles were put into practice at foundation, and continue to be the
cornerstone of our business. We believe that the application of these fundamentals,
gives a solid platform for a truly sustainable business.
The “four legs of the table” principle follows a simple analogy. The business is
a table supported by four legs on top of which the consumer sits. Each leg needs
to be equally strong in order for the table to remain balanced and upright. The four
legs of the table are:
Administration
Merchandise
Promotion and social responsibility
People
Each leg is equally important to the success and continued sustainability of the
business. Each requires, and has received, equal focus and management support.
The Pick n Pay Group is one of Africa’s largest and most consistently successful
retailers, with 794 stores (466 corporate, 328 franchise), excluding in-store
pharmacies and our investment in TM, a summary of which is presented below.
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