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South Africa-based Pick n Pay has confirmed that it is continuing to add stores outside its home market, with new stores being opened in Zambia, while a market entry into Ghana is set for 2015. On the opening of its ninth store in Zambia, Pick n Pay’s general manager, Andy Roberts, has said that the retailer will continue to promote local products and drive more of its range from local manufacturers. Roberts said that, by volume, 50% of its stock, in 2014, is purchased from Zambian manufacturers, with a further 25% by volume bought from Zambian agents of imported products.
Meanwhile, the retailer has also said that it will open stores in Ghana in 2015. The country has risen up the agenda for suppliers and retailers due to its political stability, sound macroeconomic policies and growing economy, which is being driven by the gold, cocoa and oil industries. Commenting on the expansion, Pick n Pay’s chief executive, Richard Brasher, said: “Ghana … has a lot of the similarities to the business we’re developing in Zambia. I think Pick n Pay can add value to that marketplace. We have signed leases. The developers are building during the course of the year. We will get there as quick as we can.
Source: retailanalysis.igd.com
