Massmart’s Mitchell Slape optimistic about retailer’s recovery
Retailer’s share price has biggest gain on record to close almost 21% up bringing 2021 gains to 29%
08 March 2021 - 08:31
UPDATED 08 March 2021 - 09:59
Massmart CEO Mitchell Slape says the money-losing retailer can return to profitability by the end of the year after it cut operating costs, improved gross profit margin and boosted online sales.
Massmart, which owns Game, Builders Warehouse and Makro, posted a R1.8bn loss, its second successive annual loss. ..
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.