Pick n Pay online growth surges
Retail giant Pick ‘n Pay has recorded 24% growth in its online business, it noted in announcing its interim results ended September 1, 2013.
“We have grown Pick ‘n Pay Online into one of South Africa’s top online businesses, with turnover growth of 24% on last year and an increase in online shoppers of 15.8%. We are the first retailer in South Africa to offer 1 hour delivery time slots for groceries,” the group said.
Pick ‘n Pay said it was making 1,500 deliveries per week through its online facility – up 28% on last year – with registered customers up 16% since March.
The group offers a list of the areas to which it delivers on its website. The delivery cost is determined by address and time slot and starts at R60.
Overall, the group said that total till sales were up 8.1% to R35.0 billion, while turnover of R30.1 billion was 7.5% better than R28.0 billion recorded in 2012.
“We are serving more customers than ever before, increasing our customer count by 3.3% during the period, while processing 380 million transactions through our tills,” Pick ‘n Pay said.
Trading profit improved 34.8% to R317.5 million, with a dividend per share of 14.80 cents declared, up a fraction from 14.75 cents in 2012.
The group pointed out that its 2014 interim financial period consists of 26 weeks, which is two trading days fewer than the comparative period last year. It therefore presented its results on a comparable pro-forma basis.
“We opened 44 new stores across all formats during the period, and closed nine under-performing stores in order to maintain the quality of our offering.”
“We now have more than 1,000 stores, consisting of 594 owned and 433 franchise stores, across multiple formats and in eight countries,” Pick ‘n Pay said.