Zimbabwe Stock Exchange-listed conglomerate Meikles Limited yesterday officially launched a $1, 5 million state of the art Pick’ n Pay supermarket at Kamfinsa in Harare.
The Kamfinsa Pick ‘n’ Pay became the first of the six that will be rolled throughout the country.
Pick ‘n’ Pay is one of Africa’s largest and successful retailers of food, general merchandise and clothing.
Speaking at the official opening of the Pick’ n Pay supermarket, TM chief executive officer Mark Vickery said 70% of the local fresh produce in the super market were produced in Zimbabwe.
“All the products in the super market passes through the necessary standard in order to ensure the Pick ‘n Pay brands remain the best,” Vickery said.
Vickery said plans were underway to role out two more shops by year end and the other three supermarkets in the following year.
“We will roll out six shops country wide including Gweru, Masvingo, Bulawayo and other areas,” he said.
He said plans were underway to refurbish shops in Marondera.
TM chief operating officer Bisset Chimhini said the opening of Pick ‘and Pay Kamfinsa would change the retail shopping experience in Zimbabwe.
“We have created a good vibe. A good vibe creates a good buzz and therefore we must have a uniquely branded customer experience,” he said.
“ I can assure you that the TM and Pick’ n Pay brands will be loved by many and hated by others but recognised by just everybody.”
TM chairperson Mike Oakley said towards the end of last year the necessary approval for Pick’ n Pay to increase their stake were obtained.
He said the opening of Pick ‘n’ Pay Kamfinsa was the first of many units and illustrated the quality that Zimbabwean consumers should expect in the future.
“I know that it will be a great success, revered by the Zimbabwean consumers,” Oakley said.
“This is an opportunity to commend and congratulate all parties involved in the conceptualization and development of this fantastic unit.”
According to the Pick ‘n’ Pay website, the retail chain currently has 775 stores, made up of hypermarkets, supermarkets and family stores.
Pick n Pay employs over 42 000 people, and generates an annual turnover of R55,3 billion.