Virus-hit Massmart to seek rental relief and review supply chain
The retailer says it will be negotiating to make use of deals offered by the Property Industry Group
18 May 2020 - 18:59
Walmart-owned Massmart is embarking on cost-saving initiatives such as seeking rental relief after the coronavirus-led lockdown pummelled sales, the retailer said on Monday.
Its cash-flow initiatives include negotiating rental reductions and improving “mutually beneficial terms with strategic suppliers”, the company said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.