MANAGEMENT: PnP Named Retailer of the Year
Recent Western Cape Business News
Cape Town-based Pick n Pay was voted the world’s best retailer by international retail organisation, the National Retail Federation [NRF].
The American-based NRF made the announcement at their annual convention and EXPO in New York and NRF President and CEO, Tracy Mullin, presented the award to CEO Nick Badminton during an international retail industry function in New York yesterday.
The highly coveted international award is given to a retail firm that has achieved an international reputation for excellence and distinguished service to the retail industry. Unlike many other awards, this one involves selection by global industry leaders.
The NRF is the world’s largest retail trade association, with a membership base that includes retailers and suppliers from a range of stores including specialty, discount, catalog, internet, independents, chains, chemist and food stores. The association represents more than 100 state, national and international retail organizations. In the USA alone, the industry accounts for more than 1.6 million US retail outlets, over 24-million employees, and in 2007, their sales amounted to US$4.5-trillion.
“Retailers who succeed in carving out a place for themselves in a world where there is so much competition should be commended,” said Mullin. “Great leaders create great companies and we are thrilled to present Mr Badminton with this award.”
Said Badminton: “I am thrilled to receive this award on behalf of Pick n Pay. This award is specifically an acknowledgement of an incredibly supportive board, management team and thousands of exceptional employees.”
US-based Abercrombie & Fitch’s Michael S Jeffries, Chairman and CEO, accepted the NRF’s Gold Medal Award.
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