South African retailers Pick n Pay and Pepkor have reported mixed financial results. Pick n Pay is undergoing a revamp, while Pepkor's half-year earnings declined by 3.1%. Pepkor attributes the fall to import disruptions but notes revenue growth of almost 10% due to market share gains and strong performance in Brazil.
Pepkor, which already has almost 6 000 stores across brands such as Ackermans and PEP, says continued market share gains in the lower end of the market and a robust result in Brazil have helped it achieve almost 10% interim revenue growth. https://t.co/WzQUbOmo7G
South Africa's Pepkor posts earnings fall citing further import disruptions https://t.co/igcgLUBdIl https://t.co/jKV4gUATfY
South Africa's Pepkor half-year earnings fall 3.1% https://t.co/VYzqSMQ2aY https://t.co/LTSKdjYPAZ
[ICYMI] Pick 'n Pay results | Ackerman family to give up power https://t.co/J9ZZIluNRn
Explainer: South African retailer Pick n Pay's revamp up close https://t.co/yBhFisMs8m https://t.co/Gkp9mvim8Q