TM Pick n’ Pay profit bulks to $2,4bn
Retail chain — TM Pick n Pay’s profit for the year to March 31, 2022 more than doubled to $2,4 billion as sales volumes improved helping lift parent company — … Read More
Category: FMCG
Pick n Pay QualiSave stores to target middleincome earners
Major food retailer Pick n Pay says around 40 percent of its company-owned supermarkets income customers under the pledge “where prices look better”. This follows the group’s announcement in May … Read More
OKmart launches 2022 Mega Money Maker promotion
ZIMBABWE Stock Exchange (ZSE)-listed OK Zimbabwe’s wholesale unit, OKmart, has launched its 2022 Mega Money Maker promotion under the theme: “Buy Bulk, Save andWin”, which runs from August 1 to … Read More
Inflation boosts OK Zim first quarter sales
OK Zimbabwe saw its sales value increase two fold as inflation hits 191,6 percent in the period ending June 30, 2022. For the first quarter ended June 30, 2022, the … Read More
OK Zim splashes $3,1 billion on capital expenditure
Listed retail giant, OK Zimbabwe, said it spent $3,1 billion in 2022 on capital expenditure as it seeks to bring better customer experience. Capital expenditure for the year was $3,1 … Read More
Pick n Pay saw sales surge in first quarter
South African based retailer Pick n Pay Stores Limited, the parent company to TM Pick n Pay Zimbabwe recorded a 10,7 percent increase in sales for the 18 weeks ended … Read More
Formal retailers’ viability under threat
Zimbabwe’s formal retail and wholesale sector’s viability is under threat from current trading conditions where suppliers are increasingly demanding foreign currency payments for their products. Retailing involves buying from wholesalers … Read More
OK flags ‘excessive’ tax regime
RETAIL giant, OK Zimbabwe yesterday said increased tax-related costs are threatening its profitability. OK said inflation adjusted profit after tax for the year ended March 31, 2022 grew by 48,9% … Read More
Retailers call for co-ordinated approach
THE government needs to work with business to improve the operating environment, according to Confederation of Zimbabwe Retailers (CZR) president, Denford Mutashu. Mutashu, whose organisation represents supermarkets, wholesalers and related … Read More
Plea for price controls as basic goods prices gallop
Bulawayo residents have called for Government controls as prices of basic commodities are increasingly getting out of reach for the majority of citizens, with retailers having adopted different foreign currency … Read More
