Massmart
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Massmart reports buoyant international sales in Q1, but Covid-19 will hit sales of durable goods hard
South African retailer Massmart’s international sales rose by 4.5% year-on-year in constant-currency terms and 5.0% in ZAR terms during the 13 weeks to March 29th, 2020. Comparable- or same-store sales increased by 4.4% and 3.5% in constant-currency and ZAR terms, respectively, over the same period. Massmart operates 30 stores under the Game banner in 11
6th May 2020
Categories: SagaRetail News - Supermarket - Massmart - Retail & Shopping Malls - Ghana - Nigeria - South Africa
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Mitch Slape wants to make Massmart more like Walmart
Having taken stock of the business since his appointment as CEO in September 2019, former Walmart executive Mitch Slape has unveiled his plan to right listing South African retailer Massmart (in which Walmart holds a majority stake). He is planning to streamline the business by reducing it from four to two operational units, shift the
4th February 2020
Categories: SagaRetail News - Retail - Supermarkets - Massmart