Massmart: latest retail news, insights and analysis | ESM Magazine

South Africa's Massmart Could Cut 1,440 Jobs

South Africa's Massmart Holdings could cut up to 1,440 jobs under a plan to close some stores, the retailer said on Monday as it struggles to gro...

South Africa's Massmart Falls To H1 Net Loss As Costs Rise

South African retailer and wholesaler Massmart Holdings reported a half-year net loss on Thursday hurt by higher costs, foreign exchange losses and slower...

South Africa's Massmart CEO Resigns As Retailer Eyes Africa Expansion

Massmart Chief Executive Guy Hayward will step down before the end of the year, the South African retailer said on Monday, ending five years at the helm of...

Wal-Mart's Massmart Shares Climb As Profits Improve On Costs

Wal-Mart Stores Inc.’s experience in controlling costs is helping South African grocery and general goods retailer Massmart Holdings Ltd. improve pro...

Wal-Mart’s Massmart Profit Drops on Currency Pressure

Massmart Holdings, the South African food and goods wholesaler controlled by Wal-Mart Stores, said first-half profit fell 26 per cent as price compet...