Pick n Pay Stores Limited (OTCMKTS:PKPYY) is a leading South African retail grocery chain offering a broad range of food, household and general merchandise products. Headquartered in Cape Town, the company operates company-owned and franchise stores under various formats, including hypermarkets, supermarkets, convenience outlets and an online retail platform. Pick n Pay’s operations are supported by a central distribution network and loyalty programme, which together help maintain product availability and foster customer retention.
The company’s product portfolio spans fresh produce, meat and seafood, bakery goods, pantry staples, non-food household items and selected apparel. In addition to its core grocery business, Pick n Pay is actively developing its digital channels, including a click-and-collect service and home delivery options. Through its franchise model, the retailer extends its reach into underserved urban and rural markets, enabling independent owners to benefit from Pick n Pay’s procurement, branding and operational capabilities.
Founded in 1967 by Raymond Ackerman, Pick n Pay has grown from a single store in Cape Town to one of South Africa’s largest food retailers. Over the decades, the company has expanded beyond national borders, establishing a presence in several neighbouring African countries. This regional footprint supports local sourcing initiatives and contributes to the group’s goal of providing affordable essentials to diverse communities. Pick n Pay has also pursued partnerships and joint ventures to enhance its procurement power and operational efficiencies.
Since December 2020, Pieter Boone has served as Chief Executive Officer, focusing on strategic growth, sustainability and digital innovation. Under his leadership, Pick n Pay has intensified efforts to reduce waste, lower its environmental footprint and support small-scale farmers. The company remains committed to delivering value to shareholders and customers alike by combining competitive pricing with a comprehensive retail offering across physical stores and online channels.
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