Pick ‘n Pay Stores Limited (JNB:PIK) will release the interim earnings for 2009 on Wednesday, October 21. The financial results will be available on the company’s Investor Relations web page at www.picknpay-ir.co.za.
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Pick ‘n Pay Stores Limited is a South Africa-based investment holding company. The Company, along with its subsidiaries, is principally engaged in food retail, clothing and general merchandise throughout Southern Africa and in New South Wales, Australia, both on an owned and franchise basis. It is managed through three divisions: Pick n Pay Retail Division; the Group Enterprises Division and Franklins Australia. During the fiscal year ended February 28, 2009 (fiscal 2009), the Company opened two hyoermarkets at Woodmead in Johannesburg and South Coast in Durban. During fiscal 2009, the Company converted 27 Score stores to Pick ‘n Pay Family Franchise format. It opened five new corporate and 12 new franchise stores. During fiscal 2009, the Company opened another 24 (14 corporate, 10 franchise) liquor stores and one clothing store.
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