Massmart says it lost out on R2.3bn in liquor sales in April and May
The retailer says total sales for the 23 weeks to June 7 fell 10.3% year on year, but it is continuing its organisational shake-up
17 June 2020 - 08:05
Retailer Massmart, which has brands that include Makro and Game, says SA’s Covid-19 lockdown resulted in about R2.3bn in lost liquor sales in April and May.
This is based on comparable sales in 2019, the group said, as it warns that the pandemic has worsened losses this year, though pent-up demand had helped sales as SA’s lockdown has eased from level 5...
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