| ||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." read more
| ||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.
| ||29/10/2013 - 08:31|
Bentonville, Ark. – Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam’s Club locations there. The new stores will employ as many as 19,000 people. read more
| ||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
| ||21/10/2013 - 11:44|
Bentonville, Ark. – The Indian central bank is reportedly reviewing findings of an investigation into whether Wal-Mart Stores broke that country’s investment rules in 2010. read more
| ||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 company’s 20th annual investor meeting. read more
| ||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
| ||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
| ||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
| ||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
| ||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
| ||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
| ||08/07/2013 - 08:59|
US retail major WalMart recently announced a top level change in its Indian operations with President Raj Jain being replaced by Ramnik Narsey, who is currently Senior Vice-President for Walmart International, with immediate effect. read more
| ||05/06/2013 - 08:17|
Bentonville, Ark. – Wal-Mart is launching an initiative to increase the amount of fresh produce on its shelves. The effort includes buying produce directly from growers for immediate shipment to stores, performing independent weekly fresh produce checks at stores and providing fresh produce training for associates.
| ||04/06/2013 - 08:09|
London - Britain's biggest retailer, Tesco , is expected to slip back to an underlying sales decline when it publishes first-quarter trading figures on Wednesday, raising doubts about a costly recovery plan for its home market. read more
| ||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
| ||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.
| ||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. read more
| ||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
| ||24/04/2013 - 10:05|
London - Asda, Britain's second-biggest grocer, said on Tuesday it would invest over £700m ($1bn) this year in its online operations, new and existing stores and its supply chain, helping to create 2 500 new jobs. read more
| ||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
| ||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
| ||09/04/2013 - 10:42|
New York -- Costco Wholesale appears to be eyeing China's online commerce market, according to published reports. read more
| ||02/04/2013 - 09:56|
Wal-Mart Stores Inc. (WMT), the world’s 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) read more
| ||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. read more
| ||26/03/2013 - 08:13|
South Africa, the eighth-biggest wine producer, is seeking to regain a foothold in the US market lost to imports from Australia to Argentina by promoting brands at Walmart Stores and Whole Foods Market, a diplomat said last week.
| ||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
| ||22/03/2013 - 08:35|
Dayton, Ohio -- Walmart holds on to the top spot in the annual ranking of the 50 most valuable U.S. retail brands from branding consultancy firm Interbrand.
| ||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
| ||22/02/2013 - 08:55|
New York - Global retailing giant Walmart announced a higher dividend for 2014 as fourth quarter earnings showed strong growth helped by a lower tax rate. read more
| ||19/02/2013 - 09:47|
Massmart would post lower earnings for the 26 weeks to December 23 due to costs related to the deal in which Walmart bought a 51 percent stake in the business, the retail group told shareholders..
| ||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
| ||25/01/2013 - 11:14|
City of Commerce, Calif. -- The founding family of the 99 Cents Only Stores chain has been fired by its owners, with retail veteran Richard Anicetti and Michael Fung taking over top executive roles. read more
| ||23/01/2013 - 08:46|
Bentonville, Arkansas - Wal-Mart Stores has alerted its global suppliers that it will immediately drop them if they subcontract their work to factories that haven't been authorised by the discounter. read more
| ||16/01/2013 - 07:57|
Wal-Mart Stores Inc said on Tuesday it will buy an additional $50 billion in US-made products over the next decade in such areas as sporting goods and high-end appliances in a bid to help boost the US economy. read more
| ||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
| ||07/01/2013 - 09:22|
Walmart's price comparison ads claiming that the retail giant has better prices than specific, named competitors, have spurred legal retaliation from its angered foes. read more
| ||13/12/2012 - 09:41|
The Indian government ordered a probe yesterday into the spending on lobbying by US retail giant Walmart to facilitate its entry into India.
| ||10/12/2012 - 09:58|
Mississsauga, Ontario -- Walmart Canada on Friday opened its 200th supercenter, in Edmonton, Alberta. read more
| ||06/12/2012 - 08:24|
Pantaloon Retail India Ltd. (PF) rose to the highest in more than a year, leading gains among retailers after India’s lower house of parliament voted to endorse a government decision to allow foreign investment in supermarkets. read more
| ||03/12/2012 - 09:49|
New Delhi - The Indian government bowed to intense opposition pressure and agreed on Thursday to a vote on its decision to let foreign supermarkets set up shop in India, taking a major step towards ending a deadlock that has paralysed parliament for days. read more
| ||26/11/2012 - 08:10|
Chicago - Protesters demanding higher wages and better healthcare for Walmart hourly workers converged on the retailer's stores across the United States, though there was no evidence they disrupted operations for the start of the crucial holiday shopping season. read more
| ||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
| ||20/11/2012 - 08:54|
Retailers with plans to open their doors Thanksgiving night instead of waiting until Black Friday officially begins at midnight or the next morning are facing increasing criticism from employees upset at not being able to spend the holiday with their families.
| ||19/11/2012 - 08:22|
Indian authorities are investigating claims that Wal-Mart Stores Inc. violated foreign exchange rules when it invested $100 million in a domestic unit owned by its wholesale joint-venture partner, a law enforcement official said. read more
| ||16/11/2012 - 08:11|
Bentonville, Ark. -- Wal-Mart Stores Inc. reported Thursday net income of $3.64 billion for the quarter ended Oct. 31, up from $3.34 billion in the year-ago period.
| ||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
| ||07/11/2012 - 08:38|
TORONTO — Walmart Canada revealed its newest addition to its freight division, a “supercube” tractor-trailer that will carry 40 percent more cargo. read more
| ||07/11/2012 - 08:27|
Mesa-based Esio Beverage Co. launched its latest product in Walmart stores nationwide Friday, hoping to target moms tired of hauling home bottles of various beverages. read more
| ||02/11/2012 - 09:13|
Duluth, Ga. -- NCR Corp. announced that it will be installing 10,000 SelfServ Checkout lanes to more than 1,200 Walmart locations in the United States during 2013.
| ||31/10/2012 - 08:57|
New York -- While it may be days, even weeks, before the full extent of the damage caused by Hurricane Sandy is known, economists are forecasting that retail sales will be impacted in October and November but that the economy overall will experience an uptick.
| ||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
| ||26/10/2012 - 08:02|
Best Buy Co. (BBY), the retailer resisting a takeover attempt by its founder, said fiscal third-quarter profit will be “significantly” below last year’s results as sales at established stores continue to decline. read more
| ||24/10/2012 - 09:27|
New York — Some Facebook investors may be feeling a bit disgruntled, but Walmart couldn’t be happier with its experience with the social network. read more
| ||22/10/2012 - 08:13|
Tesco is trying to lure Chinese shoppers with promotions on soy sauce, cooking oil and apples this week. But Emily Zhang still won't do much shopping there. read more
| ||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.
| ||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
| ||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
| ||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
| ||10/10/2012 - 10:14|
New York - Walmart is testing same-day delivery in select markets for customers who buy popular items online during the holiday season.
| ||20/09/2012 - 12:50|
New Delhi - Shopkeepers, traders and labourers in India blocked railway lines and closed markets on Thursday to protest against reforms allowing in foreign retail giants such as Walmart and Tesco. read more
| ||19/09/2012 - 08:21|
Last week in Rogers, Ark., Walmart began testing an iPhone application that could potentially expedite and streamline the self-checkout process. The "Scan & Go" app allows shoppers to do just that — scan their items while they shop and bag them as they go. Once they have finished, shoppers take their cart full of merchandise to a self-checkout kiosk and complete their purchase through traditional payment methods. read more
| ||18/09/2012 - 13:32|
The Indian government’s decision Friday to let big department stores like Wal-Mart Stores into the country could dramatically impact everything from the country’s food chain to its roads.
| ||07/09/2012 - 08:59|
Walmart Stores Inc is testing a “Scan & Go” system that would allow shoppers to scan items using their iPhones and then quickly pay at a self-checkout counter. read more
| ||06/09/2012 - 10:13|
Walmart announced yesterday a consumer-driven change to its holiday layaway policy, extending the programme and cutting fees. read more
| ||06/09/2012 - 09:27|
Supervalu Inc. (SVU), owner of the Albertsons and Save-A-Lot grocery-store chains, plans to close 60 stores as it copes with slumping sales. read more
| ||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.
| ||29/08/2012 - 09:16|
(Reuters) - The world's largest retailer Wal-Mart Stores Inc has joined an alliance of other Fortune 500 companies, including Cargill and Kellogg Co, seeking to make agriculture more sustainable. read more
| ||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.
| ||27/08/2012 - 11:37|
A group of big retailers that includes Wal-Mart Stores, Target and Japan's 7-Eleven is developing a mobile payment network, adding to the proliferation of options that let consumers pay with smartphones. read more
| ||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.
| ||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.
| ||22/08/2012 - 12:57|
Massmart’s first year as a Walmart subsidiary has delivered strong sales growth. Good trading momentum was maintained amid intensified competition, while the group invested significantly in stores and infrastructure.
| ||17/08/2012 - 08:18|
New York - Shares in Walmart Stores Inc, the world's largest retailer, were under pressure on Thursday as Congress pressed on with an investigation of alleged bribery in Mexico. read more
| ||13/08/2012 - 08:42|
Bloemfontein – Townships are profitable gold mines, but enterprises must not think they can dispose of their reject products there. read more
| ||08/08/2012 - 09:52|
Massmart Holdings’ full-year headline earnings a share probably rose 34 percent at most, falling far short of expectations and sending its shares down as much as 5.1 percent, the local unit of Walmart said yesterday.
| ||08/08/2012 - 09:45|
Wal-Mart Stores is the new gold. It is attracting investors who see its shares as a safe haven amid a slowing global economy and volatile growth stocks.
| ||03/08/2012 - 10:44|
What started as a bitter courtroom battle has now turned into a beautiful marriage. read more
| ||02/08/2012 - 09:37|
South African retailer Massmart’s campaign, to enlist black emerging farmers to supply fresh produce in the company’s string of supermarket chains, kicks off this week in Limpopo. read more
| ||24/07/2012 - 09:06|
(Reuters) - A campaign backed by two Walmart heirs seeking to allow retail alcohol sales in the Arkansas county that is home to the company's headquarters has gathered enough signatures to put the question before voters on November 6, officials said on Monday. read more
| ||19/07/2012 - 08:28|
Pretoria - Granting approval for the contentious Walmart-Massmart [JSE:MSM] merger was a serious error by the Competition Commission, Cosatu general secretary Zwelinzima Vavi said on Wednesday. read more
| ||18/07/2012 - 09:38|
The entry of Walmart, with its low-price philosophy, into South Africa continues to shake up the retail sector, as suppliers to its Massmart subsidiary cut prices and its competitors are compelled to do the same.
| ||12/07/2012 - 08:57|
The Government must introduce a broad-based black economic empowerment (BEE) charter for retailers to ensure they were fully compliant with BEE codes of practice, empowerment experts said yesterday.
| ||11/07/2012 - 09:08|
Johannesburg - Retailer Massmart [JSE:MSM] is in talks to 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
| ||05/07/2012 - 09:50|
Johannesburg - South African discount retailer Massmart Holdings [JSE:MSM] reported a 16% rise in full-year sales on Wednesday, a touch above analysts' estimates, boosted by the inclusion recently acquired stores. read more
| ||05/07/2012 - 09:43|
The continent, long shrouded in scepticism and instability has become a modern day mecca for consumer facing multinationals in search of higher yield.
| ||18/06/2012 - 08:36|
Walmart recommends that its employees in “certain countries” make payments to police officers if they feel threatened by the officer’s behaviour.
| ||15/06/2012 - 08:31|
The first Makro in Free State province will open in Bloemfontein in September 2012. Makro Bloemfontein will be the 17th Makro store in South Africa and is being developed by Moolman Group - a leading national property company - for Makro on a triple-net lease. read more
| ||13/06/2012 - 08:19|
New York - Lawyers for Wal-Mart Stores have identified Brazil, India, China and South Africa along with Mexico as areas having the biggest risk for corruption, according to a letter from two congressmen who are doing their own investigation into the allegations of bribery in its Mexico operations. read more
| ||13/06/2012 - 08:13|
Walmart and Massmart were likely to appeal any requirement that they put more than R250 million into a “supplier development fund”, a leading competition analyst said yesterday. read more
| ||12/06/2012 - 08:27|
The R100m fund proposed by the Competition Tribunal to mitigate the harmful effects of Walmart’s entry into the South African market is inadequate and should be increased to up to R2bn, says Nobel laureate Joseph Stiglitz. read more
| ||04/06/2012 - 08:44|
Massmart has shuffled its top management to improve focus on day-to-day operations, to facilitate the drive into food retail and to respond to additional Walmart responsibilities. read more
| ||04/06/2012 - 08:11|
Wal-Mart Stores chief executive Mike Duke told employees and shareholders at the company’s annual meeting on Friday that the retailer, whose executives are accused of bribing Mexican officials, was committed to ethical behaviour. read more
| ||28/05/2012 - 08:27|
Today is the first day of trade for Shoprite’s convertible registered bonds on the JSE after the group received approval on Friday. read more
| ||14/05/2012 - 08:58|
The increasing internationalisation of Africa’s retail industry — specifically Walmart’s entry to the market — has shaken up SA’s supply chain, forcing local solutions companies to reinvent themselves, Amalgamated Appliance Holdings (Amap) CEO Alan Coward said on Friday. read more
| ||09/05/2012 - 07:52|
Markets were disappointed by Walmart-controlled Massmart ’s sales update released yesterday, with its shares falling as much as 2,5% to reach their lowest level in almost a month. read more
| ||07/05/2012 - 08:50|
Everyone expected all the learnings to come from Walmart. There was an expectation within the retail industry that Walmart would change how Massmart does business not only within the company itself, but for its suppliers and mostly its customers.
| ||25/04/2012 - 09:00|
Local retailers should take advantage of Wal-Mart's weaknesses, rather than competing on price, which is one of its greatest edges, Natalie Berg, global research director of retail analyst firm Planet Retail said. read more
| ||25/04/2012 - 08:29|
The outcome of government's appeal against the R16.5 billion merger of Wal-Mart and Massmart was positive, says Economic Development Minister Ebrahim Patel. read more
| ||24/04/2012 - 07:51|
Walmart Stores shares were down 3.1% in early premarket trading on Monday following an article in the New York Times this weekend alleging that the world’s largest retailer stymied an internal probe into bribery at its Mexican affiliate, Walmart de Mexico. read more