Pick n Pay to close 32 stores
South African retail giant Pick n Pay has announced the closure of 32 supermarkets nationwide as part of its comprehensive turnaround strategy.
This move includes shutting down 24 company-owned stores and 8 franchise outlets, aiming to optimize operations by focusing on more profitable locations.
The closures are a component of Pick n Pay’s ‘Store Estate Reset’ plan, which involves not only closing underperforming stores but also converting some Pick n Pay outlets into Boxer or franchise stores.
This strategy is designed to enhance the company’s financial performance and streamline its operations.
Despite these efforts, the company reported a 0.4% decline in sales for the majority of its 2025 financial year, with only a 1.6% growth on a like-for-like basis.
These figures highlight the challenges Pick n Pay faces in a competitive retail environment.
The store closures are expected to impact thousands of employees, leading to significant job losses.
The company has not yet provided specific details regarding support or severance packages for the affected staff members.
In addition to store closures, Pick n Pay is also converting some of its outlets to the Boxer brand, particularly in areas where Boxer is better suited to serve the local market.
This move is part of a broader effort to stabilize the business following significant financial losses in recent years.
