South Africa’s Pick ‘n Pay has reported a 7% increase in FY16 sales to 77.5 billion South African rand ($5.8 billion USD) amid weak consumer spending in South Africa. The retailer attributed the sales increase to its extended fresh produce range, new stores opened, and focus on keeping prices low.
Tags: Financials & Results, Middle East & Africa, Pick 'n Pay Stores Ltd, South Africa, Store Expansion
Based on: Financials & Results, Store Expansion
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