Massmart turns to Walmart to get out of its slump
CEO Mitchell Slape brings in a veteran of the parent company to head its supply chain unit
27 August 2020 - 19:03
Massmart, which suffered a R1.2bn first-half loss, is strengthening its relationship with parent Walmart in a bid to turn around the business and leverage off the world’s largest retailer expertise.
Walmart-owned Massmart, owner of Game, Makro and Builders Warehouse, saw a 9.7% decline in total sales for the 26 weeks ended June 28 2020, after losing R4.6bn in income in the first nine weeks of lockdown...
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