AFRICA

πŸ”’
❌ About FreshRSS
There are new articles available, click to refresh the page.
Yesterday β€” May 13th 2021Your RSS feeds

Checkers crushed Woolworths with Sixty60 – but the online war has only started

May 13th 2021 at 12:28
Checkers’ Sixty60 offers a better service than Woolworths and Pick n Pay’s online services, but this is only the start of the online shopping war.
Before yesterdayYour RSS feeds

Clicks planning to buy Pick n Pay pharmacies

May 10th 2021 at 12:16

Clicks is planning to buy Pick n Pay’s retail pharmacy business, that will include 25 in-store pharmacies. These pharmacies will be rebranded to Clicks, increasing its national presence to 632 pharmacies.

According to a Stock Exchange News Service (SENS0 statement, Clicks will obtain the pharmacy licences and ethical drug stock, and all staff working in the pharmacies will be transferred to Clicks in terms of the proposed transaction.

Clicks is already the biggest pharmacy chain in the country, before adding the Pick n Pay pharmacies.

β€œThe acquisition of the pharmacy chain accelerates our strategy of extending the convenience and accessibility of the Clicks pharmacy network. Currently, 50% of the country’s population live within 6 kilometres of a Clicks pharmacy and we aim to improve this over time as we get closer to customers.

β€œWe welcome the opportunity to bring our experience in retail pharmacy to customers of Pick n Pay,” Vikesh Ramsunder, chief executive officer (CEO) of the Clicks Group said.

ALSO READ: Mzansi reacts to Clicks closing Musica stores

Adrian Naude, CEO of Pick n Pay, said Pick n Pay only held a relatively small number of pharmacies over the years.

β€œWe have recently set out our key strategic objectives in terms of future growth and these do not include the development of a large pharmacy division.

β€œOur main objectives in terms of transferring our pharmacy business have been to ensure that our customers have a seamless transition and maintain the quality of service they have been used to with Pick n Pay and that our pharmacy staff are looked after. We are pleased to have reached an agreement with Clicks which meets both of these objectives.”

The proposed transaction is subject to approval by competition and regulatory authorities.

According to the SENS statement, the transaction will not have a material impact on the earnings and financial position of either company.

ALSO READ: Netcare jobs β€˜safe’ as deal with Clicks is approved

Clicks to acquire Pick n Pay retail pharmacy business

May 10th 2021 at 02:01
Listed pharmacy retailer Clicks says it plans to acquire the retail pharmacy business of Pick n Pay, including 25 in-store pharmacies which will be rebranded to Clicks.

Pandemic boosts rural and township malls

April 28th 2021 at 18:19
JSE-listed Dipula Income Fund has benefitted from this Covid-19 trend. But will it last post-pandemic? The fund’s CEO Izak Petersen shares his views …

New Pick n Pay CEO to target online sales growth

April 21st 2021 at 11:45
Pieter Boone plans to accelerate his predecessor’s eight-year turnaround of the South African grocer by boosting online sales and focusing on stores that cater for lower-to-middle income consumers.

Pick n Pay is targeting these types of shoppers as part of its new growth strategy

April 21st 2021 at 03:38
Retailer Pick n Pay says it plans to invest a further R2.5 billion to deliver on its growth strategy over the next year.

Shopping price war 2021: Woolworths vs PnP vs Checkers vs Spar

April 11th 2021 at 11:30
As South Africans face rising food prices despite low levels of headline inflation, the latest BusinessTech shopping price comparison among the biggest retailers in the country shows that their price-containment measures appear to be working.

Pick n Pay says South Africa’s alcohol and tobacco bans cost it R4 billion in sales

April 8th 2021 at 09:15
Pick n Pay published aΒ trading and earnings update, with the group currently finalising its financial results for the 52 weeks ended 28 February 2021.

TymeBank is onboarding up to 5,000 new customers every day

March 31st 2021 at 04:37
TymeBank says it has reached the 3 million customer milestone, with the digital bank consistently onboarding between 100,000 and 120,000 customers each month – between 3,000 and 5,000 new customers every day.
❌