Pick n Pay cuts trading loss by over 60%, targets break-even by 2028, with online sales up 48.7%.

South African retailer Pick n Pay has significantly narrowed its trading loss, reducing it by over 60% compared to the previous year, and aims to break even by 2028. The company's recovery plan includes closing unprofitable stores, focusing on lower-income markets, and boosting its online presence, which saw a 48.7% increase in sales. Despite challenges, the clothes division and Boxer outlets showed strong growth, contributing to an overall improved financial performance.