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TM Pick n Pay in massive expansion drive

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TM Pick n Pay Zimbabwe yesterday launched its 2017 TM Pick n Pay Bonanza, with prizes of up to $1 million, insisting it wants to increase its stores in the country to 60 as it “navigates” through the economic and liquidity challenges that are plaguing the economy.

BY TATIRA ZWINOIRA

Speaking at the launch of the promotion in Harare, TM Pick n Pay Zimbabwe managing director, Malcolm Mycroft said in Zimbabwe they always have to come up with a plan.

“We, as a business have got a robust capex (capital expenditure) plan for the next 18 months, which is good for both of us (TM Pick n Pay and customers),” he said.

“I am going to give more retail space, going to have a bigger footprint in the country, going to get the business up to 60 stores in Zimbabwe, we have got a plan.

“We have invested in capital and right now we are busy revamping at least five of our stores as we speak.”

Mycroft said he would not dwell on the economic climate or liquidity challenges and instead said it was important to come up with a plan.

“I am proud to say our business — our shelves are full. There might be a few items out of stock, missing, but in general we are well stocked,” he said.

“I know for a fact that there are certain embassies in this country that use my stores as a barometer to see how good or bad things are by just going inside and checking the shelves.”

TM Pick n Pay Bargain Bonanza will see 108 customers win prizes at this year’s edition from each of the stores spread across the country.

The prizes will include $5 000 and $10 000 cash prizes — as the big prizes — and 10 other consolation prizes at the different branches.

TM Pick N Pay, which has 56 branches in the country, has also partnered several suppliers for the competition.

Pick n Pay South Africa has a 49% stake in TM supermarkets and they operate together under the banner TM Pick n Pay.

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