Another loss for Pick n Pay as it closes 19 more stores in South Africa

Pick n Pay has narrowed its losses in the interim period for its 2027 financial year, as it continues to close stores and focus on its turnaround—now expecting to return to profit in 2029.The retail giant reported a gross profit of R6.4 billion for the six months ended 31 August 2026, 3.9% higher than last year’s interim period.