The Groupâs 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 â 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.
Massmartâs 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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Massmart stores will be closed on Sunday, 15 December
10/12/2013 - 08:37
Massmart Holdings will close its stores on Sunday, 15 December 2013.
Makro South Africa awarded for excellence in energy efficiency initiatives
09/12/2013 - 13:31
This week, Makro SA scooped a prestigious eta award for its energy efficient new generation stores at Eskomâs 24th eta Awards ceremony.
Massmart launches Builders Superstore, a new format for the DIY market
05/12/2013 - 11:58
Massmartâs anticipated new format Builders Superstore opened on 29 November 2013 in Gauteng. A total of 58 job opportunities were created with the opening of the two new stores in Tembisa and Evaton. The new format will service customers with homes situated in dense residential, township, rural and developing areas, and will be conveniently located near commuter nodes
Walmart warns of flat festive sales
18/11/2013 - 10:53
Washington - Walmart reported on Thursday a 2.8% year-on-year rise in third-quarter net profit, but warned that sales during the crucial holiday shopping season are expected to be "relatively flat."
First 100% LED-lit Walmart opens, United States
06/11/2013 - 09:37
New York -- The first Walmart to be entirely lit with LEDs has opened, in South Euclid, Ohio, just outside of Cleveland. The store will serve as a model for environmentally friendly design for future locations, with 100% LED lighting, electric vehicle charging stations in the parking lot and more.
Walmart to expand in China with 110 new stores
29/10/2013 - 08:31
Bentonville, Ark. â Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Samâs Club locations there. The new stores will employ as many as 19,000 people.
UK clothing label George hits local shelves, today
23/10/2013 - 12:51
Massmart will open the doors to three George pop up stores today, to give South African consumers a taste of the famous British brand of clothing.
Report: Indian Reserve Bank to rule on Walmart probe
21/10/2013 - 11:44
Bentonville, Ark. â The Indian central bank is reportedly reviewing findings of an investigation into whether Wal-Mart Stores broke that countryâs investment rules in 2010.
Walmart accelerating U.S. small store growth; upping tech investments
17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the companyâs 20th annual investor meeting.
Massmart leads retail rally
16/09/2013 - 11:52
Johannesburg - Massmart Holdings Inc., the South African supermarket chain owned by Wal-Mart Stores Inc., is leading the countryâs index of retailers as it heads for the longest winning streak in nine months.