Massmart flags fall in revenue and pressure on SA consumers
Economic conditions and July 2021’s civil unrest have weighed on the owner of Game
19 May 2022 - 08:01
UPDATED 19 May 2022 - 13:16
Shares of retailer Massmart, the owner of Game, Builders Warehouse and Makro fell as much as 13% on Thursday morning, after it warned of weaker sales and growing supply-chain costs.
In an update before its AGM on Thursday, the group reported a decline in sales, saying it was battling the fallout of July 2021’s civil unrest and signs that economic conditions were eroding customers’ disposable income...
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