13 January 2009
South African retail chain Pick n Pay has won the NRF International Retailer of the Year, a coveted international award given to a firms that achieve a global reputation for excellence and service to the retail industry.
The Washington DC-based National Retail Federation (NRF) made the announcement at their annual convention in New York this week, where NRF CEO Tracy Mullin presented the award to Pick n Pay CEO Nick Badminton.
“Retailers who succeed in carving out a place for themselves in a world where there is so much competition should be commended,” Mullin said in a statement.
Badminton said the award was “an acknowledgement of an incredibly supportive board, management team, and thousands of exceptional employees.”
Pick n Pay, with 162 supermarkets, 127 family stores and 19 hypermarkets across South Africa, registered turnover of over R23-billion for the year ended August 2008, representing year-on-year growth of 16.4%. It was added to the JSE’s Top 40 Index in December.
Unlike many other retail awards, those awarded by the NRF involve a selection process by global industry leaders.
The NRF is the world’s largest retail trade association, representing more than 100 organisations in the US and abroad, covering retailers and suppliers from specialty, discount, catalogue, internet, independent, chain, chemist and food stores.
SAinfo reporter
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