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MASSMART NEWS ON FASTMOVING

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Massmart wins grocery store battle

Massmart wins grocery store battle

31/05/2019 - 09:22
Massmart, which owns the Game and Makro chains and other smaller retailers, received a major boost after the Competition Commission said Spar, Pick n Pay, Shoprite and Woolworths should be barred from entering into long-term exclusive lease agreements. read more
Walmart sends veteran to fix struggling South Africa business

Walmart sends veteran to fix struggling South Africa business

27/05/2019 - 11:12
Massmart Holdings fell the most in three months as the troubled SA retail chain warned on profit and majority shareholder Walmart sent one its own to help stem declines.  read more
Massmart appoints new CEO, but shares fall on warning earnings will halve

Massmart appoints new CEO, but shares fall on warning earnings will halve

24/05/2019 - 08:39
Shares in Massmart, which owns the Game and Makro chains, fell 12.5% to R68.24 in early trade on Thursday after the retailer said earnings in the six months to June could more than halve.  read more
Massmart waiting for new blood

Massmart waiting for new blood

10/05/2019 - 09:59
With the share price almost 50% below its 12-month peak, there was little surprise from the market at the departure of Massmart CEO Guy Hayward. It comes a week after the news that CFO Johannes van Lierop was stepping down. read more
Massmart appoints new finance chief

Massmart appoints new finance chief

30/04/2019 - 12:54
Walmart-owned Massmart, the retailer whose brands include Makro and Game, says Mohammed Abdool-Samad will take over as its chief financial officer from August 1.  read more
P&G and Massmart launch Children's Safe Drinking Water Programme

P&G and Massmart launch Children's Safe Drinking Water Programme

22/03/2019 - 10:04
The Procter & Gamble Company (P&G) is once again proud to partner with leading retail group, Massmart, to launch its 2019 Children’s Safe Drinking Water (CSDW) campaign, which will continue to raise awareness of the global water crisis and help to provide clean water to those who need it. read more
DIY retailers struggle in sputtering economy

DIY retailers struggle in sputtering economy

07/03/2019 - 13:48
SA’s DIY retail stores have mostly been immune to economic downturns. read more
Massmart also sings the retailers' blues

Massmart also sings the retailers' blues

23/01/2019 - 09:49
Massmart, which is owned by US retail giant Walmart and runs the Game, Makro and Dion Wired chains, saw its share price drop 21%, to close at R90.65, after reporting flat sales for the festive season. read more
Massmart battles one of the worst retail environments yet in SA

Massmart battles one of the worst retail environments yet in SA

13/11/2018 - 14:10
Massmart, which is 51% owned by US giant Walmart, is battling one of the worst retail environments yet it has seen in SA, chair Kuseni Dlamini says.  read more
Massmart still failing to deliver for Walmart

Massmart still failing to deliver for Walmart

27/08/2018 - 08:33
More than seven years after the $2.5bn acquisition of Massmart by Walmart, the merger between the world’s largest company by revenue and Africa’s second-largest distributor of consumer goods is yet to set the SA retail sector alight. read more
Restructuring costs take large bite out of Massmart’s profits

Restructuring costs take large bite out of Massmart’s profits

23/08/2018 - 11:41
Massmart cut its interim dividend by 10.5% to 68c for the first half of its 2018 financial year from 76c in the corresponding period. read more
Massmart shares surge on surprise results

Massmart shares surge on surprise results

23/07/2018 - 08:10
Retailer Massmart’s share price jumped almost 9% after the group reported a better than expected performance for the half-year to end-June. read more
Massmart braces for bleak interim earnings

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. read more
Massmart to open 20 stores in Pan-African expansion

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. read more
Competition Tribunal dismisses Massmart anti-competitive complaint against rivals

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. read more
Tough times stunt Massmart growth

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.  read more
Massmart recognises top performing matriculants

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. read more
Massmart not a priority as Walmart focuses on global issues

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.  read more
Massmart profit falls in first half — one of ‘the most difficult in recent memory’

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. read more
Massmart’s sales slow as SA slips into recession

Massmart’s sales slow as SA slips into recession

17/07/2017 - 16:41
Retailer Massmart reported a sharp slowdown in half-year sales growth on Monday as SA slipped into recession. read more
Instability doesn't bode well for trading, says Massmart

Instability doesn't bode well for trading, says Massmart

20/04/2017 - 15:58
Retail giant Massmart warned that increasing policy uncertainty in South Africa would have negative consequences for the economy. read more
Gloomy outlook for SA’s retail sector

Gloomy outlook for SA’s retail sector

27/02/2017 - 10:53
The food and drug retailers index rallied just under 9% last week following the release of better-than-expected results from grocery giant Shoprite. read more
Cost control keeps Massmart buoyant

Cost control keeps Massmart buoyant

24/02/2017 - 10:30
Africa’s second-largest retailer manages to fend off tough trading conditions in the year to end-December with tight cost control. read more
How being sceptical paid off for Massmart

How being sceptical paid off for Massmart

16/01/2017 - 10:33
The company says its cautious strategy in the rest of Africa is proving to be the right approach. read more
Pick n Pay fails in bid to block Game trading

Pick n Pay fails in bid to block Game trading

28/11/2016 - 08:46
Retail giant Massmart staved off an attempt by rival retailer Pick n Pay to prevent one of its subsidiaries, Game, from operating as a supermarket at a Western Cape shopping centre. read more
South African retail industry gears up for the holiday season

South African retail industry gears up for the holiday season

09/11/2016 - 09:46
Data released by Statistics South Africa in mid-September shows that the pace of retail sales growth eased in July, rising just 0.8% year-on-year (y-o-y). The July growth rate was well down on the 1.4% posted the previous month, though retail sales rose overall 2% y-o-y in the three months through to the end of July. read more
Woolworths tops the scoreboard in renewable commitment

Woolworths tops the scoreboard in renewable commitment

28/10/2016 - 09:20
A bi-annual update on Greenpeace's Shopping Clean: Retailers and Renewable Energy report shows that Woolworths is still making the greatest progress in its renewable energy commitment, while Shoprite is bottom of the heap. read more
Retailers lose their bid to halt Massmart bringing its exclusivity case

Retailers lose their bid to halt Massmart bringing its exclusivity case

02/09/2016 - 15:50
THE Competition Tribunal has rejected an application by retailers Shoprite Checkers, Pick n Pay Retailers and Spar Group to delay a hearing into an application brought by Massmart objecting to exclusivity in lease agreements with landlords, with regard to its Game stores. read more
Massmart slips back despite strong forecast

Massmart slips back despite strong forecast

16/08/2016 - 08:49
MASSMART’s share price was hit by profit-taking on Monday after the retailer released an interim trading statement, in which it said earnings were expected to grow strongly despite a marked slowdown in the local economy. read more
Massmart lease hearing unnecessary, retailers inform Competition Tribunal

Massmart lease hearing unnecessary, retailers inform Competition Tribunal

27/07/2016 - 16:51
Massmart's planned hearing at the Competition Tribunal began with a hitch on Tuesday, after the parties it sought to bring action against asked the tribunal not to listen to the matter. read more
Tribunal to hear Massmart case against lease exclusivity clauses

Tribunal to hear Massmart case against lease exclusivity clauses

14/06/2016 - 15:55
JSE-listed Massmart has not given up the fight against lease exclusivity clauses, which have hampered its expansion in malls around the country. read more
Wal-Mart shaking up, shrinking its board - USA

Wal-Mart shaking up, shrinking its board - USA

22/04/2016 - 09:27
Wal-Mart Stores on Thursday announced changes to its board of director of directors that it said were designed to make to make it more nimble and able to respond quicker to today’s fast-changing market. read more
How renewable friendly are SA’s top 5 retailers?

How renewable friendly are SA’s top 5 retailers?

19/04/2016 - 09:41
Cape Town – South Africa’s top five retailers would make space for 178 400 households to connect to the grid without risking load shedding. All they have to do is become 100% dependent on renewable energy. read more
Public interest considerations behind SAB merger delay

Public interest considerations behind SAB merger delay

14/04/2016 - 13:13
Johannesburg - Public interest considerations of the planned merger between the world’s largest brewer Anheuser-Busch (AB) InBev and fellow brewing company SABMiller appear to be behind the delay in the Competition Commission’s assessment of the transaction, according to competition law analysts. read more
Beer deal: SA regulator unlikely to meet deadline

Beer deal: SA regulator unlikely to meet deadline

08/04/2016 - 16:13
Johannesburg - South Africa’s Competition Commission probably won’t meet a new April 12 deadline to complete an investigation into Anheuser-Busch InBev’s takeover of SABMiller, further delaying the process of gaining regulatory approval for a combination of the world’s biggest brewers. read more
Tough year ahead for SA retailers as Massmart stalls

Tough year ahead for SA retailers as Massmart stalls

26/02/2016 - 08:34
Johannesburg - Massmart [JSE:MSM] reported flat annual earnings on Thursday (25 Feb) and highlighted the difficulties South African food retailers are likely to face this year as shoppers contend with rising prices, mounting debt, and high unemployment. read more
Panel appointed for market inquiry into lease agreement exclusivity

Panel appointed for market inquiry into lease agreement exclusivity

19/02/2016 - 12:45
The Competition Commission on Thursday said it had appointed a panel for the Grocery Retail Sector Market Inquiry, which is due to tackle the exclusivity of lease agreements at shopping malls — a battle being fought largely among big retail chains. read more
Malls and retail reveal some positive festive trade, despite bleak forecasts for the season

Malls and retail reveal some positive festive trade, despite bleak forecasts for the season

11/02/2016 - 16:14
The South African Council of Shopping Centres says there was some welcome good news coming out of the country’s malls and retailers at the end of 2015, notwithstanding tough trading conditions in local markets. read more
Truworths boosts sales, while Richemont down marginally

Truworths boosts sales, while Richemont down marginally

15/01/2016 - 12:07
Cape Town – Truworths [JSE:TRU] has seen a 36% increase in sales to R8.5bn in the 26 week period ended 27 December 2015, while Richemont [JSE:CFR] saw a dip in sales in the third quarter ended 31 December, both comparative to the previous period. read more
Retail resilience shows in updates

Retail resilience shows in updates

16/07/2015 - 15:14
Trading updates from Woolworths, Shoprite, and Massmart on Wednesday met a mixed reception from shareholders who had pinned their hopes on the resilience of SA’s biggest retail chains, despite job losses and power outages. read more
Big grocers in cross hairs of broad market inquiry

Big grocers in cross hairs of broad market inquiry

13/07/2015 - 09:15
SA’s grocery heavyweights face a fresh Competition Commission inquiry. Established by Economic Development Minister Ebrahim Patel, this one has a wider ambit than the previous probe that cleared the big supermarkets of anticompetitive activities and price-fixing. read more
Patel gives go-ahead for probe of fairness in retail sector

Patel gives go-ahead for probe of fairness in retail sector

14/05/2015 - 10:12
The Competition Commission is taking aim at the retail sector to see if it enjoys sufficient competition after the authorisation by Economic Development Minister Ebrahim Patel of a market inquiry. read more
Massmart’s FY sales jump

Massmart’s FY sales jump

27/02/2015 - 10:43
Johannesburg - South African retailer Massmart Holdings Ltd reported a 10.4 percent jump in full-year sales on Thursday as its consumer goods, liquor, and home improvement supplies business posted better performance.  read more
SA Retail stocks hit record

SA Retail stocks hit record

21/01/2015 - 14:02
Johannesburg - Retail stocks climbed to a record on speculation the central bank would reduce borrowing costs to spur an economy struggling to reignite growth.  read more
Tough year ahead for SA retailers

Tough year ahead for SA retailers

20/01/2015 - 12:31
Johannesburg- Food retailers have started the year on a solid footing with good trading results for the festive season.  read more
Massmart full-year sales increase

Massmart full-year sales increase

15/01/2015 - 09:37
Johannesburg - Retailer Massmart Holdings [JSE:MSM] reported a more than 10% rise in full-year sales on Wednesday as its building materials and home improvement business delivered a better performance. read more
Food fight slows Wal-Mart growth

Food fight slows Wal-Mart growth

04/12/2014 - 10:19
As South African supermarket chains seek to defend their business from the encroaching heft of Wal-Mart Stores, the US retailer is being mired in a food fight at the mall.  read more
The Foschini Group to take 17 stores online

The Foschini Group to take 17 stores online

27/11/2014 - 10:49
The Foschini Group (TFG) has announced the launch of an omni-channel online retail platform – tfg.co.za – which will ultimately see all 17 of the group’s store brands coming online. read more
Wal-Mart orders improved grocery sales - USA

Wal-Mart orders improved grocery sales - USA

13/11/2014 - 11:29
Arkansas – Wal-Mart Stores Inc. reportedly sent a memo to marketing managers on Oct. 2 saying that sales need to improve for chilled and fresh items in stores, including dairy, meat and produce.  read more
Wal-Mart cuts annual sales forecast - USA

Wal-Mart cuts annual sales forecast - USA

20/10/2014 - 12:21
New York - Wal-Mart Stores cut its sales forecast on Wednesday and acknowledged the need to do a better job stocking shelves and staffing stores to win back customers in a tough economy.  read more
Nestlé to spend $200m revamping factories

Nestlé to spend $200m revamping factories

18/09/2014 - 13:51
Johannesburg - Nestlé will invest around $200m expanding its coffee factory in South Africa and revamping other facilities producing consumer goods, the incoming head of the local unit said on Wednesday. read more
Retailers strive to adapt as customers struggle

Retailers strive to adapt as customers struggle

12/09/2014 - 10:19
As predicted, consumer spending is in the doldrums this year. The performance of SA’s grocers is proof of consumers’ struggle to make ends meet as living costs increase, wage growth and job creation stalls, and debt continues to mount. read more
Wal-Mart to rebrand Express stores as Neighbourhood Market- US

Wal-Mart to rebrand Express stores as Neighbourhood Market- US

10/09/2014 - 14:01
Arkansas – Wal-Mart Stores Inc. is reportedly planning to do away with its Wal-Mart Express banner.  read more
Massmart fights mall exclusivity clauses

Massmart fights mall exclusivity clauses

09/09/2014 - 17:41
A retail rumble over lease exclusivity clauses is being roused by the country’s spending slowdown as supermarket giant’s square off for market share, and property owners of South Africa’s biggest malls reserve ringside seats. read more
Woolworths results in stark contrast to Massmart

Woolworths results in stark contrast to Massmart

29/08/2014 - 09:58
Johannesburg - Woolworths posted a double-digit rise in full-year profit on Thursday as affluent shoppers kept spending on organic jam and ostrich steaks despite the weak economy. read more
Massmart half-year profit down 25%

Massmart half-year profit down 25%

29/08/2014 - 09:52
Retailer Massmart reported a 25.2% fall in half-year profit on Thursday as debt-laden consumers battling rising living costs cut back on spending. read more
Woolworths profit hit by David Jones costs

Woolworths profit hit by David Jones costs

28/08/2014 - 11:42
Johannesburg - Woolworths [JSE:WHL] reported a lower-than-expected 10% increase in full-year profit on Thursday, hit by costs related to its acquisition of Australia's David Jones. read more
Truworths seeks new CEO for smooth transition

Truworths seeks new CEO for smooth transition

22/08/2014 - 16:08
Fashion retailer Truworths International is looking for a new CEO to replace the incumbent of 23 years, Michael Mark, whose contract term ends in June next year. read more
Massmart sees lower earnings, shares plunge

Massmart sees lower earnings, shares plunge

21/08/2014 - 09:57
Johannesburg - Massmart Holdings, the South African unit of Wal-Mart Stores, said on Tuesday its first-half earnings fell as much as 29%, sending the retailer's shares almost 7% lower. read more
Massmart to reinstate retrenched workers

Massmart to reinstate retrenched workers

19/08/2014 - 11:34
Johannesburg - Massmart has initiated a plan to reinstate employees who were retrenched in 2009 and 2010, the Competition Commission said on Monday. read more
E Cape company signs deal with retail giant

E Cape company signs deal with retail giant

25/04/2014 - 10:12
Stutterheim - The Ikusasa Green manufacturing plant, in Stutterheim, was officially opened by Economic Development, Environmental Affairs and Tourism MEC, Mcebisi Jonas, on Tuesday. read more
Massmart CEO, Grant Pattison, to step down

Massmart CEO, Grant Pattison, to step down

11/04/2014 - 09:58
Johannesburg – Massmart today announced Grant Pattison’s decision to step down as CEO, effective 1 June 2014. Guy Hayward, currently Chief Operating Officer, has been named as his successor. The appointment is in line with the Group’s succession plan, enabling a smooth leadership transition. read more
Massmart to enter Angola with two stores

Massmart to enter Angola with two stores

10/04/2014 - 11:14
Johannesburg - Massmart, South Africa's No.4 retailer by market value, plans to enter oil-rich Angola with two stores by 2015, a senior executive said, as the unit of Wal-Mart expands on a continent that is still largely an informal retail market. read more
Massmart financial results for the 53 weeks ended 29 December 2013

Massmart financial results for the 53 weeks ended 29 December 2013

27/02/2014 - 10:14
Massmart announced its full-year results for the 53 weeks ended 29 December 2013, reporting an increase in headline earnings of 29.9%, while operating profit grew 26%, boosted by the additional week’s sales and foreign exchange translation profit. Total sales increased 9.8% for the period, while comparable sales grew by 3.8%. read more
Shoppers can trade-In used devices at DionWired

Shoppers can trade-In used devices at DionWired

12/02/2014 - 09:59
While 16 million mobile phones are sold in South Africa each year, old ones usually find their way into drawers or are tossed into dustbins. That’s why DionWired is offering shoppers an opportunity to ‘trade-in’ their used cellular phones, tablets, iPods and notebooks in exchange for vouchers that can be spent in store.  read more
Massmart stores will be closed on Sunday, 15 December

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.  read more
Makro South Africa awarded for excellence in energy efficiency initiatives

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 Eskom’s 24th eta Awards ceremony.  read more
Massmart launches Builders Superstore, a new format for the DIY market

Massmart launches Builders Superstore, a new format for the DIY market

05/12/2013 - 11:58
Massmart’s 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  read more
UK clothing label George hits local shelves, today

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. read more
Massmart leads retail rally

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 country’s index of retailers as it heads for the longest winning streak in nine months. read more
 Massmart’s Supplier Development Fund initiative, Ezemvelo, rolls out to four provinces

Massmart’s Supplier Development Fund initiative, Ezemvelo, rolls out to four provinces

02/09/2013 - 10:59
Massmart’s Direct Farm Programme, Ezemvelo, launched in August 2012, under the auspices of the group’s Supplier Development Fund, continues to extend its reach and is now operating in four provinces in South Africa, namely Limpopo, Gauteng, Mpumalanga and KwaZulu-Natal.  read more
Massmart Financial Results for the 26 weeks ended 23 June 2013

Massmart Financial Results for the 26 weeks ended 23 June 2013

22/08/2013 - 07:54
Key highlights - Total sales up 8.9% (R32,369m); 2012: (R29,717m) - Comparable sales up 5.5% - African operations sales up 10.7% - 146 cents dividend per share; 2012: 146 cents  read more
Walmart unit boosted by currency impact

Walmart unit boosted by currency impact

16/08/2013 - 08:03
Johannesburg - Massmart Holdings, the South African unit of Walmart Stores, said on Tuesday its first-half earnings rose by as much as 57%, lifted by favourable exchange rates. read more
Massmart mulling acquisition in Kenya

Massmart mulling acquisition in Kenya

13/08/2013 - 09:50
Johannesburg - Massmart Holdings, South Africa’s biggest food and household-goods wholesaler, said it has met “several important players” in Kenya’s retail industry as the unit of Wal-Mart Stores Inc. seeks expansion abroad. read more
Builders Warehouse opens second store in Botswana

Builders Warehouse opens second store in Botswana

29/07/2013 - 09:17
Massmart is pleased to announce the opening of its second Builders Warehouse store in Botswana. The store opened its doors on Thursday, 25 July 2013. Massbuild invested R20,5 million in the new 5 150 m2 Builders Warehouse, located in Somerset West, Francistown. The first Builders Warehouse store in Botswana opened in Gaborone, in September 2011.  read more
Massmart sales growth slows

Massmart sales growth slows

12/07/2013 - 10:12
Johannesburg - Massmart, South Africa’s biggest food and goods wholesaler, said sales growth slowed during the first half of the year amid a downturn in consumer spending. read more
Massmart says in advanced talks to enter Kenya

Massmart says in advanced talks to enter Kenya

11/07/2013 - 11:51
Johannesburg (Reuters) – South African retailer Massmart is in talks enter Kenya, a senior executive said on Tuesday, the latest step by the unit of Walmart Stores to expand its presence in Africa. read more
Massmart to focus on store growth in Africa

Massmart to focus on store growth in Africa

30/05/2013 - 10:33
VENTURES AFRICA. JSE-listed general retailer, Massmart, on Wednesday said it will start paying more attention to store growth in South Africa and sub-Saharan Africa. read more
Massmart opens new Makro in Alberton, with a unique and exciting shopping experience

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.  read more
Massmart shares fall over 3%

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. read more
Walmart prefers own brand to Massmart’s Game in Africa roll-out

Walmart prefers own brand to Massmart’s 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. read more
Walmart has several acquisition options

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. read more
Local Supplier, Oceanfresh Seafoods, listed in Sam’s Club, US

Local Supplier, Oceanfresh Seafoods, listed in Sam’s Club, US

25/03/2013 - 15:33
Lonrho’s Oceanfresh Seafoods, local purveyor of fresh and frozen seafood, has recently been listed in Sam’s Club stores in the US.  read more
Massmart delivers strong total sales growth

Massmart delivers strong total sales growth

28/02/2013 - 08:08
Massmart delivered strong total sales for the six months to December 2012 which increased by 14.7% to R36,122.6 million. After adjusting for foreign exchange movements and Walmart transaction costs, including the R140m additional Supplier Development Fund charge related to the Competition Appeal Court ruling, headline earnings increased by 5.8% and operating profit by 6.1%.  read more
Walmart bribes ‘went via Mexican governor’

Walmart bribes ‘went via Mexican governor’

30/01/2013 - 10:43
WalMart’s Mexican unit used a current state governor there to facilitate $156 000 (R1.4 million) in bribes meant to help open stores, an ex-lawyer for the retailer told company officials in 2005, according to documents released by members of the US Congress. read more
Pick n Pay appoints retail groceries manager

Pick n Pay appoints retail groceries manager

18/01/2013 - 10:09
Pick n Pay (PIK) has named Paul Marsh as divisional manager‚ groceries and perishables retail in the merchandise division. read more
Massmart 26-week sales up

Massmart 26-week sales up

15/01/2013 - 08:26
Massmart’s (MSM) total group sales for the 26 weeks ended 23 December 2012 increased to R36.1 billion‚ representing growth of 14.6% over the prior 26-week period‚ with year-to-date sales inflation estimated at 3.7%. Comparable store sales increased by 7.3%‚ the company said on Thursday.  read more
South Africa retail chain to open first outlet in Kenya soon

South Africa retail chain to open first outlet in Kenya soon

10/01/2013 - 10:06
Game Africa, a South African retail chain, is set to open its first outlet in Kenya, intensifying competition in the retail sector. read more
DionWired cashes in online

DionWired cashes in online

14/12/2012 - 07:55
DionWired has pointed to a “very encouraging” uptake in online sales since the group revamped its sitein November, adding that its inaugural “Black Friday” promotion was particularly successful. read more
Massmart sees margin pressure

Massmart sees margin pressure

22/11/2012 - 08:55
Johannesburg - Massmart Holdings [JSE:MSM] expects no growth in margins until the end of 2013 as the unit of Wal-Mart Stores forges ahead with an aggressive cut-price strategy to double market share in food sales. read more
Namibia: Walmart accepts merger conditions

Namibia: Walmart accepts merger conditions

15/11/2012 - 10:42
Windhoek – American-based Walmart has dispatched a team from its British subsidiary, ASDA Walmart, to look at the quality of Namibia’s agricultural products. read more
South Africa: Govt Pursuing Strategy to Link Producers With Retailers

South Africa: Govt Pursuing Strategy to Link Producers With Retailers

30/10/2012 - 08:19
Pretoria - Government is pursuing a strategy of linking small producers with major retailers such as Wallmart, Pick n Pay and Spar to sell their produce directly to them, says Minister of Agriculture Tina Joemat-Pettersson. read more
Walmart development fund doubles

Walmart development fund doubles

16/10/2012 - 08:39
South African government has welcomed the Competition Appeal Court's decision, instructing retail giant Walmart to set up a R240 million supplier development fund as a condition for it acquiring South African retailer Massmart.  read more
Makro rolls out Pricer electronic shelf labels to all liquor stores

Makro rolls out Pricer electronic shelf labels to all liquor stores

11/10/2012 - 10:10
Multinational warehouse chain Makro, a subsidiary of Massmart, itself a subsidiary of international retail giant Walmart, is rolling out upwards of 80 000 of Pricer's electronic shelf labels (ESLs), supplied by Skydirect, an XON company, to the liquor departments in all 16 stores across South Africa.  read more
South African wines make it onto Walmart stores’ shelves

South African wines make it onto Walmart stores’ shelves

11/10/2012 - 08:51
Local suppliers are starting to reap the benefits of Walmart’s presence in South Africa. A recent success story has been Seven Sisters, a range of locally produced wines from the Swartlands area in the Western Cape. The wines were launched in South Africa in 2007 and the estate now offers seven wines each named after one of the seven sisters who are also the producers of the wine. read more
Massmart welcomes court ruling

Massmart welcomes court ruling

10/10/2012 - 11:16
Johannesburg - Retailer Massmart Holdings [JSE:MSM] welcomed a Competition Appeal Court ruling on Tuesday which provides clarity on its supplier development fund. read more
 Makro revamps stores to compete

Makro revamps stores to compete

30/08/2012 - 09:10
Massmart plans to revamp 10 of its 17 Makro stores, which would thereafter offer fresh produce, butchery items and new brands.  read more
Walmart’s Chinese batteries herald retail price war

Walmart’s Chinese batteries herald retail price war

29/08/2012 - 09:07
The first of many Walmart-branded products has hit the shelves of Massmart stores, signalling the beginning of a price war which analysts say Walmart will win.  read more
Massmart's food sales rake in R9bn

Massmart's food sales rake in R9bn

27/08/2012 - 10:35
After its first full year as a subsidiary of the US retail giant, Massmart's food business is looking much stronger.  read more
Massmart reaches critical mass in food retail sector

Massmart reaches critical mass in food retail sector

23/08/2012 - 10:05
Massmart CEO Grant Pattison declared the completion of the company’s entry into food retailing on Wednesday, saying it had reached critical mass in the sector.  read more