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 ups same-day delivery capabilities with Big Apple acquisition
09/10/2017 - 10:54
Walmart is determined not to be bested by Amazon when it comes to same-day delivery.
Wal-Mart buys delivery logistics startup Parcel
04/10/2017 - 14:47
Wal-Mart Stores Inc has acquired Parcel Inc, a New York-based last-mile delivery startup, as the retailer seeks to better compete with e-commerce giant Amazon.com Inc.
Jet.com set to launch its own grocery line
02/10/2017 - 14:47
Jet.com will soon launch its own private label line of groceries, according to numerous sources. The brand, Uniquely J, will initially release around 60 products, including consumables like coffee, laundry detergent, olive oil and paper towels.
Walmart aims for greener products
29/09/2017 - 09:15
Walmart is expanding its programme to clean up the products it sells, setting a 2022 target for reducing potentially harmful substances and widening the list of chemicals it wants to avoid.
Nestlé, Dole and Walmart fight food contamination using blockchain
04/09/2017 - 08:38
A number of leading food companies have announced a partnership with IBM to use blockchain collaboration technology to prevent food contamination in the supply chain.
Massmart not a priority as Walmart focuses on global issues
28/08/2017 - 14:18
When Walmart first caught Massmart in its net it was with the intention of chasing new business throughout Africa, but six years on the US retail giant has bigger fish to fry.
Massmart profit falls in first half — one of ‘the most difficult in recent memory’
24/08/2017 - 08:35
General retailer Massmart has reported a 10.7% drop in first-half net profit to R337.1m, which it attributed to a tough macro economic situation putting pressure on consumer spending.
Wal-Mart, Google partner on voice-based shopping to catch Amazon
23/08/2017 - 10:47
Wal-Mart Stores Inc. is teaming up with Google to let shoppers order by voice, the latest example of the world’s largest retailer finding a technology partner to catch e-commerce leader Amazon.com Inc.
Walmart’s grocery and e-commerce units surge as battle with Amazon intensifies
21/08/2017 - 12:58
Ahead of a battle the Amazon-Whole Foods grocery alliance, Walmart is growing its digital operation and its grocery division is as strong as its been in years.
Walmart speeds up the task of reordering frequent purchases
28/07/2017 - 09:38
Walmart has found a way to make the digital shopping experience even faster.