Number of the Day | 31.9% | 26 October 2026
Pick n Pay has reduced its headline losses by 31.9%, but the retailer remains R299 million in the red. Gareth Edwards and Francis Herd unpack the company’s financial recovery, its agreement with labour unions to avert retrenchments, and the difficult decisions behind its turnaround strategy.
With profitability targeted for 2029 and Checkers Sixty60 intensifying competition in online grocery shopping, the stakes extend beyond Pick n Pay’s balance sheet. Can the retailer protect jobs, win back customers and regain its competitive edge?
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Chapter List
(00:00) Pick n Pay’s Losses Fall 31.9%
(01:13) Store Closures And Pick n Pay’s Restructuring
(01:34) The SACWU Labour Deal And Jobs At Risk
(03:32) Can Pick n Pay Break Even By 2029?
(03:59) Pick n Pay asap! Versus Checkers Sixty60
