South Africa’s Pick ‘n Pay Reports a 7% Increase in FY16 Sales

Source: ESM, Wednesday, Apr 19, 2017

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.