With new store openings and a need for bigger and efficient distribution centres , SA’s big retailers, Pick n Pay and Shoprite, have teamed up with Equites Property Fund and Fortress Real Estate Investments to develop prime logistics facilities to optimise their supply chains.
In Gauteng, Pick n Pay and partner Fortress are developing a new distribution centre, Eastport, to consolidate the JSE-listed retailer’s Longmeadow distribution centre and three smaller facilities...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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Pick n Pay and Shoprite say supply chain optimisation is key to store expansionRetailers want to focus on their core business so they turn to real estate specialists for modern logistics and warehousing facilities PicknPay have lost me as a customer. We have noticed they are getting more expensive. Yesterday Steristumpi R18.99. Same one at Checkers R14.99. Absolutely rediculous that was the final straw plus lately their vegetables go vrot within a view days. If'e had it😡😡😡
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