Pick n Pay Dr Ackerman, I presume?
Pick n Pay has opened its second store in Zambia, this one in Ndola, after launching in Lusaka last year. The Big Blue plans another seven in the next four years, buoyed no doubt by the enthusiasm with which the first has been greeted. The store – including opening stock, cost around $3.5million to open, is 800m2 bigger than the previous outing and includes a clothing section. Pick n Pay has guaranteed the Zambian government that it will source 50% of its stock by turnover from local suppliers and are in fact ticking along at 65%, from 230 suppliers including agents for imported product. The two stores stock a total of 10,700 lines, and not incidentally, employ 300 something Zambians.
Comment: An impressive stake in some very fertile ground after a slow start.