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Pick n Pay to open new store at V&A

Feb 19 2013 13:38 I-Net Bridge

Company Data

PICK N PAY STORES LIMITED [JSE:PIK]

Last traded 59.02
Change 1.42
% Change 0.02
Cumulative volume 2002744
Market cap 28.35bn

Last Updated: 23/04/2014 at 04:08. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Retailer Pick n Pay [JSE:PIK] is to open a new generation store at the V&A Waterfront in Cape Town‚ it said on Tuesday.

Development is underway at the V&A Waterfront for a new generation‚ flagship Pick n Pay store‚ expected to open in December 2013‚ it said.

The new store at over 6 000m², will be significantly larger than the current one (2 600m²), and will offer vastly improved access to parking.

“Enhancing and expanding our retail offering is crucial to our overall business strategy‚” said David Green‚ CEO of the V&A Waterfront.

Pick n Pay spokesman Tamra Veley said: “This development has been well-researched – efficient best-practice planning is going into the store layout - and we are confident that when the store opens it will exceed the expectations of Capetonians at one of SA’s premier shopping and entertainment destinations.

“The additional space allowed us to design a store that is centred on the needs‚ convenience‚ and comfort of our customers‚” said Veley.

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pick 'n pay  |  retail industry
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