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What weighed on Pick n Pay’s annual results

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Even though Pick n Pay had essential status during hard lockdown, restricted trade on cigarettes and alcohol at various times during the year cost the retailer R4bn in lost sales. This along with R200m spent on retrenchment costs led to a 21.4% decline in the group's annual headline earnings per share. Business Day TV's Alishia Seckam reflected on the performance with Lerena Olivier, CFO of Pick n Pay.
21 Apr 2021 2AM English South Africa Business · Business News

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