The Group’s brands - Game, Dion Wired, Makro, Builders Warehouse, Builders Express, Builders Trade Depot, CBW, Jumbo Cash and Carry and the Shield buying group - enjoy high recognition in their market segments and span a diverse and broad consumer base that extends from Living Standard Measure (LSM) 1 to LSM 10. The group continuously improves the performance of its portfolio of businesses through strategic and structural clarity, high market shares, excellent management and technology, and the sharing of resources.
The Strategy and Investment Committee of the Board enhances the quality of decisions regarding strategy – facilitating a robust analysis and evaluation of options by the Board and executive management. An annual three-year strategic review ensures that there is continuity and coherence in this strategic thinking.
Due to the distraction of the Walmart transaction, we followed an abbreviated strategy process this year and focussed on preparations for Integration. I believe the fundamental strategy remains sound and valid. The Strategic Action Plan remains focussed as:
Leadership and Transformation development
Grow core business (comparable stores)
Supply Chain Development
Private Label Development
Retail Food (Cambridge Foods, Saverite, Foodco, Makro Food Retail)
Organic growth in SA and Africa
Sustainability (Governance, Climate Change, BBBEE, CSI)
The final point of Integration is obviously new, otherwise the Strategic agenda remains unchanged, but will be enhanced by Walmart's ownership.
Massmart’s total sales increased by 14.7% for the fi rst 14 weeks to 2 October 2011, with product infl ation averaging 0.7%. Comparable sales increased by 8.0% for the same period.
With the fi rst quarter's sales indicating a return to stability with growth in all categories and Divisions, the fi nancial year ahead looks to be solid. Management will have to balance operating discipline with the investment in growth and the speed of Integration. We will also have to balance the sometimes divergent interests of different stakeholders.
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Amazon rivals Walmart and Microsoft join forces in cloud partnership
17/07/2018 - 11:05
Retail giant Walmart said it entered into a strategic partnership with Microsoft for wider use of cloud and artificial intelligence technology, in a sign of major rivals of Amazon.com coming together.
Walmart plans more convenience stores
13/07/2018 - 14:07
Walmart has opened another convenience store, this time launching a Walmart Fuel Station in Plano, Texas.
Walmart set to take on Amazon Go
20/06/2018 - 14:29
Walmart has a new Sam’s Club concept store in the works, and it could give Amazon’s cashierless convenience stores a run for their money.
Massmart braces for bleak interim earnings
25/05/2018 - 09:06
Interim profit could fall by nearly 70%, thanks to restructuring costs, the Walmart-owned retailer says.
Walmart said to be close to $12bn deal with Naspers-backed Flipkart
23/04/2018 - 09:24
Walmart is close to finalising a deal to buy a majority stake in Flipkart, India’s leading e-commerce company, for at least $12bn — and could complete the agreement in the next two weeks, according to people familiar with the matter.
Walmart unveils new online look
20/04/2018 - 14:31
Walmart.com has just offered a sneak peek at its new online shopping site, which will offer a cleaner and more modern digital experience. The actual site will go live to customers in early May.
Walmart in major expansion of grocery delivery
13/04/2018 - 08:49
Walmart has brought in a new partner to help it expand its delivery of online grocery orders.
Walmart going global with money transfer service
04/04/2018 - 08:45
Walmart is expanding Walmart2Walmart, a program it launched four years ago that targets unbanked consumers, allowing them to transfer money between Walmart U.S. stores.
Massmart to open 20 stores in Pan-African expansion
28/03/2018 - 14:03
South African retailer Massmart is continuing its Pan-African expansion with plans to open about 20 new stores outside its home market over the next three years, the company's chairman said.
Walmart unveils e-commerce brand for bedroom
07/03/2018 - 11:49
Walmart has invested in a digital-only bedding and mattress brand and just unveiled Allswell, a design-centric home line.