South Africa. Pick and Pay downsizes hypermarkets

“Consumers are doing less and less big weekly shopping,” says Richard Brasher, C.E.O. of the South African grocer Pick and Pay. “There is no time to spend in the larger stores.” The retailer is redirecting investments into supermarkets and convenience stores, whilst reducing the size of its hypermarkets. During the fiscal year to February 2018, it increased sales areas by 3.3% via 124 new stores, but did not open any hypermarkets. Meanwhile, the number of Pick and Pay supermarkets increased by