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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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.
Walmart closes the online grocery price gap with Amazon
06/03/2018 - 12:26
Never count Walmart out on pricing. Traditional supermarket chains have found that out the hard way through the years, and now it appears that Amazon might be learning the same lesson.
Walmart profit drops, online sales slow in key holiday quarter
20/02/2018 - 15:58
Retail behemoth Walmart Inc reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares slumping more than 6 percent in premarket trade.
Competition Tribunal dismisses Massmart anti-competitive complaint against rivals
13/02/2018 - 16:46
South Africa’s Competition Tribunal dismissed a complaint brought by Massmart accusing grocery retailers of anti-competitive behaviour, saying the unit of Wal-Mart had failed to present a strong case.
Walmart seeks to sell more expensive goods online
13/02/2018 - 16:30
Walmart has asked its vendors to supply it with more grocery and general merchandise items with a price tag of at least $10 in an effort to make its online merchandising efforts more profitable and better compete against Amazon.com, according to a report.
Walmart in alliance for grocery delivery in Japan
31/01/2018 - 09:50
Walmart is teaming up with the largest e-commerce company in Japan in a deal that will strengthen its efforts to compete with Amazon both in Asia and the United States.
Tough times stunt Massmart growth
19/01/2018 - 08:43
Massmart recorded muted growth for the year to December as it battled a weaker economy and stronger rand.
Massmart recognises top performing matriculants
12/01/2018 - 10:57
Massmart recently recognised South Africa’s top-performing students at the 2017 announcement of the National Senior Certificate Examinations results. The results were officially announced today by the Minister of Basic Education, Angie Motshekga at a ceremony held in Auckland Park, Johannesburg.
Walmart changes its name
11/12/2017 - 10:16
Walmart is ending a 48-year habit by removing word “stores” out of its legal name.
Walmart steadily closing in on Amazon in online price war
28/11/2017 - 15:48
Walmart Stores is within striking distance of matching Amazon.com’s online prices for the first time, a key milestone in its effort to regain the "low price leader" title.