massmart

  1. Jan

    Massmart launches "Everything Must Go" deals to shut down 13 Game stores

    These Game stores are closing down — and offering up to 40% discounts Popular general goods retailer Game has listed a batch of stores closing their doors as part of its parent company Massmart's turnaround strategy. The contingent is the first of an "initial" 13 underperforming stores...
  3. Hanno Labuschagne

    How Walmart's complete Massmart takeover could help turn around Game and Makro

    How Walmart's complete Massmart takeover could help turn around Game and Makro Making Massmart a wholly-owned subsidiary of Walmart could give the retailer more operational flexibility to speed up the company's turnaround, expand stores, and build out its online platforms. That is according to...
  4. Hanno Labuschagne

    Massmart shares jumped 45% after news of potential total Walmart takeover

    Massmart shares jumped 45% after news of potential total Walmart takeover Walmart Inc. plans to take Massmart Holdings Ltd. private and will promote the unit’s chief operating officer to head of the company as it prepares to renew its focus on South Africa. The global retail giant plans to...
  5. Jan

    Outgoing Massmart CEO on Amazon's likely entry into South Africa

    Makro is getting ready for Amazon's launch in South Africa Despite Makro-owner Massmart's billion-rand loss over the 26 weeks ended 26 June 2022, its online platforms have performed well, and it believes it will be prepared to compete with Amazon if it launches a marketplace in South Africa...
  6. Jan

    Massmart reports R1.029 billion half-year loss

    Makro and Game owner makes billion-rand loss Massmart made a loss of R1.029 billion during the 26 weeks ended 26 June 2022, the company has reported in its interim results. According to the company's financial statements, its performance improved by around 4.0% from a R1.073 billion loss...
  7. Jan

    Walmart wants to buy all of Massmart

    Walmart considers total takeover of Game and Makro owner Massmart has reached a principle agreement with majority shareholder Walmart that could potentially see the US-based multinational corporation acquire all of the company's remaining shares. In a notification to Massmart shareholders on...
  8. Jan

    Massmart announces CEO succession plan

    Massmart announces new CEO Massmart, which owns Makro, Game, and Builders, has announced that Jonathan Molapo will succeed Mitchell Slape as CEO from 1 January 2023. Slape will step down as Massmart CEO on 31 December 2022, after taking up the role in 2019.
    • Jan
    • Thread
    • builders game jonathan molapo judith mckenna kuseni dlamini makro massmart mitch slape
    • Replies: 1
    • Forum: Broadband and IT News
  9. Jan

    Massmart in trouble

    Makro and Game owner in big trouble Massmart’s trading statement for the 26 weeks ended 26 June 2022 spooked investors. It revealed another mammoth loss which sent the share price plummeting. The retailer expects a net loss of between R1.05 billion and R1.16 billion, down from the previous...
  10. Jan

    Makro vs Takealot tech deal price comparison

    Tech deal price comparison — Makro wipes the floor with Takealot Takealot and Makro are currently running promotions featuring a range of tech deals. A MyBroadband comparison has shown that Makro is cheaper for eight of ten products we compared. MyBroadband compared ten tech deals offered on...
  11. Jan

    Massmart says it will report billion-rand loss - July riots still weigh on business

    Massmart reports billion-rand loss Massmart expects to post a R1.05-billion to R1.16-billion loss for the 26-week period that ended on 26 June 2022. This represents a year-on-year change ranging from a 3.5% improvement to a 6.5% decline.
    • Jan
    • Thread
    • builders cambridge game makro massfresh massmart rhino riverhorse distribution centre shoprite
    • Replies: 10
    • Forum: Broadband and IT News
  12. Jan

    Makro's new shopping app tested

    We tested the new Makro app — and the delivery time was impressive MyBroadband tested the new Makro app, which worked well — but we were more impressed with the next-day delivery we received. Last week, Makro launched its new shopping app for Android and iOS devices in South Africa.
  13. Jan

    Makro "Powerwall" supplier renames product after Tesla trademark warning

    Makro "Powerwall" gets a new name after Tesla trademark warning The company planning to sell a load-shedding backup system called "PowerWall" through Makro will rebrand it after an intellectual property expert raised concerns it would infringe Tesla's trademark. In a statement sent a day after...
    • Jan
    • Thread
    • makro massmart omnivolt power4less tesla tesla powerwall
    • Replies: 63
    • Forum: Broadband and IT News
  14. Jan

    Makro planning to launch "Powerwall" battery-and-inverter combo, except it's not Tesla

    Makro "Powerwall" is not from Tesla — and it could spell legal trouble Makro's plan to start selling a "Powerwall" product could land it in legal trouble with Tesla, which owns the trademark in South Africa. That is according to Barnard Inc. Attorneys senior associate, Stefaans Gerber.
    • Jan
    • Thread
    • makro massmart power4less stefaans gerber tesla tesla powerwall walmart
    • Replies: 23
    • Forum: Broadband and IT News
  15. Jan

    Makro wants to sell fully-installed backup power systems from August

    Makro to sell solar power systems — and giving away three worth R169,000 each Makro has announced that it will soon offer customers fully-installed solar power systems as it has noticed a significant increase in demand for backup power solutions. It said details on the new products would be on...
  16. Jan

    Takealot and Makro tech prices compared

    Takealot versus Makro — online tech pricing showdown Massmart-owned Makro is focusing on ecommerce to compete with South African online retail giant Takealot. With better pricing on several tech products, it could be well on its way to doing so. A MyBroadband pricing comparison revealed that...
  17. Jan

    Amazon planning South African online shopping launch

    Amazon.com planning to launch a marketplace in South Africa Amazon is reportedly planning to launch a marketplace in South Africa that will compete against Takealot, Makro, and other online retailers. Citing leaked documents, Business Insider reported that Amazon plans to expand to five new...
    • Jan
    • Thread
    • amazon.com ecommerce everyshop game makro massmart takealot
    • Replies: 116
    • Forum: Broadband and IT News
  18. Hanno Labuschagne

    Makro slashing online order delivery times

    Makro slashing online order delivery times — with pickup in 3 hours Makro says it will radically cut its delivery lead times for online orders in the coming weeks, thanks to integration with last-mile delivery platform WumDrop. Makro parent company Massmart acquired 100% of WumDrop in November...
  19. Jan

    Testing Game's revamped online store

    Game's new online store tested — with impressive results Game launched a new website in May, promising a better online shopping experience with faster deliveries. Our testing shows that they deliver on that promise. Parent company Massmart said the revamped site features advanced sourcing...
  20. Hanno Labuschagne

    Game launches new website and promises faster delivery times

    Game launches new website and promises faster delivery times Massmart has launched a new Game website with several improvements and new features to provide a better online shopping experience. The retail group said the new site boasts advanced sourcing logic, which would supposedly result in...
  21. Jan

    Takealot and Makro tech price comparison

    Takealot versus Makro — online pricing comparison Makro has big plans to increase its online sales and compete with South Africa's Internet retail giant Takealot. However, a MyBroadband comparison showed that Makro's pricing on tech products is generally higher. MyBroadband compared a sample...
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