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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Textile companies to fund Bangladesh measures
16/05/2013 - 10:24
Madrid - At least 24 retail companies, including Hennes & Mauritz and Inditex, have agreed to improve safety at Bangladeshi textile factories by contributing up to 2.5 million dollars each towards that goal.
Walmart tops Fortune 500 list
07/05/2013 - 08:26
New York - Wal-Mart Stores once again leads Fortune's list of the 500 biggest US companies by revenue, as the world's biggest retailer succeeded in posting strong growth despite a challenging economy for its shoppers.
Massmart opens new Makro in Alberton, with a unique and exciting shopping experience
06/05/2013 - 13:40
Makro has expanded its presence in Gauteng with the opening of a new urban store in Alberton on 24 April 2013. Massmart invested R400 million rand to build the 19 008m2 Makro Alberton store.
Massmart shares fall over 3%
24/04/2013 - 10:16
Johannesburg - Shares of South African retailer Massmart tumbled more than 3 percent on Monday, after the Walmart unit warned it may fall short of its profit target this year, squeezed by weak consumer spending.
UK: Asda to invest ÂŁ700m, create 2 500 jobs
24/04/2013 - 10:05
London - Asda, Britain's second-biggest grocer, said on Tuesday it would invest over ÂŁ700m ($1bn) this year in its online operations, new and existing stores and its supply chain, helping to create 2 500 new jobs.
Walmart prefers own brand to Massmartâs Game in Africa roll-out
22/04/2013 - 09:32
As Wal-Mart Stores plotted an African entry strategy, buying Massmart Holdings two years ago was just the right vehicle. With 377 stores across the continent and a strong position in South Africa, Massmart offered the Americans a firm foothold in a fast-growing region.
Walmart has several acquisition options
11/04/2013 - 10:58
Holding $7.33 billion in cash at the end of fiscal 2013, Walmart has many options on how to expand its global reach through acquisitions in Turkey, Colombia and other nations.
Reports: Costco looks to develop e-commerce in China
09/04/2013 - 10:42
New York -- Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.
Walmart targets web sales with lockers, mobile app technology
02/04/2013 - 09:56
Wal-Mart Stores Inc. (WMT), the worldâs largest retailer, is trying out new delivery methods and adding to its mobile technology to improve Web-based shopping and step up its challenge to Amazon.com Inc. (AMZN)
Walmart sees losses amid corruption probe
28/03/2013 - 10:06
New York - US retail giant Walmart said on Tuesday it expected to suffer financial losses amid an ongoing probe into corruption scandals involving foreign subsidiaries.