Pick n Pay Narrows First-Half Loss as Turnaround Gains Traction
Pick n Pay said its headline loss narrowed in the 26 weeks ended August 30, driven by improved gross margins and a strong contribution from Boxer.
South African grocery retailer Pick n Pay JSE:PIK said on Monday its turnaround gained further traction in the first half, with a narrower headline loss driven by improved gross margins and a strong contribution from value retailer Boxer JSE:BOX.Headline loss for the 26-week period ended August 30…