{"id":805293,"date":"2025-01-06T09:43:27","date_gmt":"2025-01-06T07:43:27","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=805293"},"modified":"2025-01-06T09:43:31","modified_gmt":"2025-01-06T07:43:31","slug":"checkers-taking-over-pick-n-pay-stores-across-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/805293\/checkers-taking-over-pick-n-pay-stores-across-south-africa\/","title":{"rendered":"Checkers taking over Pick n Pay stores across South Africa"},"content":{"rendered":"\n

Shoprite Checkers is taking over numerous Pick n Pay stores across South Africa. Pick n Pay is closing struggling stores, and Shoprite is rapidly expanding.<\/p>\n\n\n\n

Over the last year, Pick n Pay has been closing poor-performing stores as part of its \u2018back-to-basics\u2019 turnaround strategy.<\/p>\n\n\n\n

Last year, Pick n Pay CEO Sean Summers announced that 112 Pick n Pay stores would either close or be converted to Boxer franchised stores.<\/p>\n\n\n\n

In the first 21 weeks of the financial year, Pick n Pay closed 16 supermarkets, including four corporate stores and 12 franchise stores.<\/p>\n\n\n\n

In its results for the 26 weeks ended 25 August 2024, Pick n Pay revealed that it had closed over 54 franchise and company-owned stores.<\/p>\n\n\n\n

South African shopping centre owners have also announced that they were cutting down on Pick n Pay stores.<\/p>\n\n\n\n

In September 2024, Redefine Properties, which owns many of South Africa\u2019s top shopping malls, announced that it is taking back 10,000 square meters from Pick n Pay.<\/p>\n\n\n\n

By taking back space from Pick n Pay, shopping malls aim to increase the rent they receive for the space and add value to shoppers.<\/p>\n\n\n\n

In many cases, Shoprite and Checkers outlets take over the retail space which Pick n Pay vacates.<\/p>\n\n\n\n

Shoprite and Checkers are rapidly expanding their retail footprint, while Pick n Pay is scaling back to strengthen its financial performance.<\/p>\n\n\n\n

The opposing strategies had led to Shoprite Checkers taking over several Pick n Pay stores, which had closed.<\/p>\n\n\n\n

At the start of 2024, Shoprite opened eight new supermarkets at sites previously occupied by Pick n Pay on the East Rand.<\/p>\n\n\n\n

One of these supermarkets is a Shoprite store, while the remaining seven are branded as Checkers stores.<\/p>\n\n\n\n

In October 2024, Shoprite Checkers bought the liquor business, which trades as Pick \u2018n Pay Liquor Store, owned by Van Riebeeck Park Foodlane.<\/p>\n\n\n\n

In December 2024, News24 reported that Shoprite had launched three new supermarkets at former Pick n Pay sites in Gauteng.<\/p>\n\n\n

\n
\"\"<\/a>
Pick n Pay CEO Sean Summers<\/figcaption><\/figure><\/div>\n\n\n

SA Corporate Real Estate also announces a shift<\/strong><\/h2>\n\n\n\n

Last month, SA Corporate Real Estate announced that it was replacing Pick n Pay supermarkets with Checkers and Shoprite stores in some of its properties.<\/p>\n\n\n\n

SA Corporate is a JSE-listed Real Estate Investment Trust (REIT) with a diversified portfolio of quality industrial, retail and residential buildings.<\/p>\n\n\n\n

The company owns over 150 properties across South Africa with a gross lettable area of over 1.4 million square meters.<\/p>\n\n\n\n

SA Corporate\u2019s retail portfolio includes Musgrave Centre, East Point Shopping Centre, Umlazi Mega City, Springfield Value Centre, and Bluff Towers.<\/p>\n\n\n\n

\u201cOur retail portfolio focuses on convenience-oriented shopping centres, with a tenant mix that emphasises defensive categories,\u201d it said.<\/p>\n\n\n\n

Pick n Pay is its biggest retail tenant and contributes 9.2% to SA Corporate\u2019s rental contribution, much higher than Spar\u2019s 3.8%, Woolworths\u2019 3.2%, and Shoprite Checkers\u2019 3.1%.<\/p>\n\n\n\n

In its 2024 year-end pre-close update presentation, SA Corporate shared a strategic leasing update for its retail space.<\/p>\n\n\n\n

It announced that the Pick n Pay supermarket in Montana Crossing will be replaced with Checkers Emporium in Q3 2025.<\/p>\n\n\n\n

The Checkers emporium will include Checkers Fresh-X, Pet Science, Checkers Liquor and Checkers Outdoor.<\/p>\n\n\n\n

It will also replace the Pick n Pay QualiSave in the Springfield Value Centre with a Shoprite store in the second quarter of 2025.<\/p>\n\n\n\n

The company will also replace the Pick n Pay supermarket in Coachman\u2019s Crossing with a bespoke butchery and deli.<\/p>\n\n\n

\n
\"\"<\/a><\/figure><\/div>","protected":false},"excerpt":{"rendered":"

Checkers is taking over numerous Pick n Pay stores across South Africa, with the latter having to close its struggling stores. <\/p>\n","protected":false},"author":10,"featured_media":796599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[5223,4067,13688,21310,19960,7520],"class_list":["post-805293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-checkers","tag-pick-n-pay","tag-redefine-properties","tag-sa-corporate-real-estate","tag-sean-summers","tag-shoprite"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/805293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=805293"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/805293\/revisions"}],"predecessor-version":[{"id":805798,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/805293\/revisions\/805798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/796599"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=805293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=805293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=805293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}