Pick n Pay loses R4 billion in sales
  • 3 years ago
Retailer Pick 'n Pay's profits were hit hard by the ban on the sale of alcohol. The banks results showing annual earnings were down 21%. The Group lost over 200 liquor trading days over the financial year. It resulted in an estimated R4 billion in lost sales. And R200 million in additional costs arising from the Group’s operational response. Pick 'n Pay says the earnings reflect the full impact of measures taken to contain the spread of the virus. Outgoing CEO Richard Brasher, discusses this. Courtesy #DStv403
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