Major Retailer Joins PIC Solutions Benchmarking Service

Mr Price has joined the South African Retailers Benchmarking Service, created and managed by PIC Solutions.

The benchmarking service originates from PIC Solutions long-standing relationship with the majority of the clothing retailers in South Africa. The service has been designed to evolve and change as additional measurements and reports are included. Mr Price Group is the fifth major South African retailer to take advantage of this informative benchmarking service to drive their future strategic initiatives.

Operating over 800 stores across Southern Africa, speciality retailer Mr Price Group consists of five retail chains focusing on clothing, home, sports, footwear and accessories. Through the use of the benchmarking service Mr Price Group will keep ahead of industry trends and changing market conditions. The service provides a quarterly report which tracks trends across multiple portfolio measures by which Mr Price will benchmark their products against best practices and their retailer peer group.