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<\/a><\/p>\nIn May, the group launched its Ekuseni strategic plan, splitting Pick n Pay supermarkets into two tailored banners: QualiSave, serving lower-to-middle-income customers, and Pick n Pay, serving middle-to-upper-income customers.<\/p>\n
It also launched an accelerated store refurbishment programme to clearly differentiate the two banners. The refurbished stores achieved average weekly <\/span>sales<\/span> growth<\/span> of<\/span> 15%<\/span> year-on-year<\/span> since<\/span> launch, the group said.<\/span><\/p>\n A total of 41 Pick n Pay and Pick n Pay <\/span>QualiSave stores were refurbished to the new CVPs <\/span>by the end of August. <\/span>The Group is <\/span>targeting 130 full CVP upgrades by February 2023.<\/span><\/p>\n Pick n Pay Clothing continued to gain market share with 14.8% sales growth, while online sales growth was up 82%, with future growth to be supported by the recent launch of Pick n Pay groceries on the Mr D app.<\/p>\n Boxer reported H1 FY23 sales of R15.2 billion, up 26.9% year-on-year. Excluding its nine eSwatini stores, Boxer reported South Africa sales of R15 billion (accounting for 30.2% of the group\u2019s South Africa sales). Boxer South Africa’s year-on-year sales growth was 27.2%.<\/p>\n Pick n Pay said that the combined impact of increased load shedding and sharp fuel price increases has been felt particularly hard. The group said it spent R110 million more on energy costs in H1 FY23 than the comparable period, reflecting extra spend on diesel net of electricity cost savings.<\/p>\n This includes both increased trucking costs and increased store-level generator costs. “Given that load shedding accelerated in the latter part of the period, the H2 impact is likely to be more severe,” it warned.<\/p>\n