In Brief X marks the spot
Who will win the baby fight? Not a question we ask every week, but we’re pretty sure it won’t be mom and dad. In this case, however, we refer to the proliferation of baby stores among South Africa’s major retailers, with Clicks, Dis-Chem, Shoprite and Mr Price, who does not usually grace these pages, all opening standalone outlets. As things stand, the Clicks Group currently owns a bouncing 19.2% share in the baby category market, putting it comfortably ahead of the others. Moving on, Pick n Pay has been approved for listing on A2X Markets, the JSE’s younger, scrappier and also entirely unrelated cousin. “Our listing on A2X means Pick n Pay shareholders will now be able to benefit not only from increased liquidity, but from the cost savings accrued through A2X’s low-cost platform and narrower spreads,” explains Chairman Ackerman the Younger. The primary listing on the JSE will be unaffected by the move, which sees Pick n Pay pioneering A2X among the big grocery retailers. Finally, SPAR is upping its ready-to-eat game with the launch of its Fresh Convenience Food range, available through the Food Stall at SPAR, offering customers a variety of delicious meals and snacks they can simply heat, eat, and enjoy.
Comment: Interesting news re. Pick n Pay. We wonder if it has anything at all to do with the changes taking place in the business.