massmart

  1. Jan

    Massmart releases annual results - Game trading loss increases to over R1 billion

    Game drags down Makro with R1 billion loss Massmart has released its 2021 financial results for the 52 weeks ended 25 December 2021, reporting a R2.20 billion net loss. This is 25.7% worse than the R1.75 billion loss the company reported last year.
  2. Jan

    Massmart asks police to investigate plans to loot its stores this weekend

    Makro and Game looting warning this weekend Massmart is concerned about posts circulating on social media indicating that there will be looting of all their stores this weekend, 26–27 February 2022. This is according to a letter from KwaZulu-Natal crime intelligence head Major-General Tso...
  3. Jan

    Massmart warns of major loss in 2021 due to looting, Covid-19, and global supply chain disruptions

    Makro and Game owner lost R1.5 billion in 2021 Massmart has warned shareholders to expect 60% to 70% higher headline losses for the 52 weeks ended 26 December. Net losses for the period are also expected to be between 51% and 61% higher than last year.
  4. Jan

    Massmart sales weakened by alcohol bans, riots, chip shortage

    Massmart sales wrecked by riots and alcohol bans Makro and Game owner Massmart has reported that its general merchandise sales, its second-largest sales category, was 9.7% lower in the fourth quarter of 2021 compared to the same period in 2020. “Sales were impacted by various factors...
  5. Jan

    Massmart ups Builders wage offer, ends Saccawu strike

    Makro and Game strike ends Massmart stated that disputes related to strike action at Game, Makro and the wider group were permanently withdrawn, whilst the company revised its wage offer to Builders from 4% to 4.5%.
  6. Jan

    Game online price beat offer re-tested

    Impressive improvement in Game's online price beat service Testing by MyBroadband showed that Game significantly improved its online price beat service, allowing consumers to shop with confidence that they are getting the best price. The latest test followed a disappointing experience last...
  7. Jan

    Makro strike in pictures

    Strike at Makro — photos Thousands of Makro, Game, and Builders employees around the country have gone on strike. The South African Commercial Catering and Allied Workers Union (Saccawu) said the strike is linked to three issues.
  8. Jan

    Massmart employees start Black Friday strike

    Makro and Game Black Friday strike kicks off Massmart employees have embarked on a no-work, no-pay strike starting on Friday 19 November 2021, coinciding with Makro and Game’s busy Black Friday period.
  9. Jan

    Makro and Game workers launch strike ahead of Black Friday

    Makro and Game take a hit over Black Friday Massmart workers, including Makro and Game employees, will embark on strike action from Friday — shortly after these stores launched Black November and festive season specials.
  10. Jan

    Makro Black Friday plans announced - including free shipping for orders over R500

    Makro reveals Black Friday plans South African retailing giant Makro has revealed details of its Black Friday 2021 campaign.
  11. Hanno Labuschagne

    Makro and Builders launching mini-apps on Monday

    Makro and Builders launching mini-apps on Monday Massmart is officially launching its Makro and Builders mini-apps on the VodaPay super app on Monday, 11 October 2021. These apps offer VodaPay users a way to shop online from the two stores' catalogues using their mobile devices. This is the...
  12. Jan

    Game extends Price Beat offer to Black Friday deals

    Game's plan to beat all other Black Friday deals in South Africa General goods retailer Game has announced its Price Beat Promise offer will be available during its Black November promotion this year. Rather than offering Black Friday deals on a single day, the retailer will again run four...
  13. Jan

    Massmart selling food stores to Shoprite Checkers to invest in ecommerce

    Massmart selling food stores to Shoprite Checkers for R1.36 billion Retail group Massmart has announced it will sell some of its food-focused retailers and cash and carry stores to Shoprite Checkers for R1.36 billion. The transaction, which is subject to regulatory approvals, will see...
  14. Jan

    How Makro plans to fix its online shopping services

    Makro’s plans to become an online shopping powerhouse Massmart's new head of ecommerce, Sylvester John, has divulged the company's plans to develop a market-leading online shopping experience in South Africa. John previously served as vice president for last-mile delivery in North America at...
  15. Jan

    Durbanites should not expect their Makro back anytime soon

    Bad news about Makro in Durban Durban and Pietermaritzburg residents will have to take a long road trip if they plan to do any in-store shopping at Makro stores soon. Brian Leroni, senior vice president of corporate affairs at Massmart, has told MyBroadband it will take months to repair the...
  16. Jan

    Takealot vs Makro vs Everyshop online shopping and delivery test

    Takealot versus Makro — the winner is clear An ecommerce test by MyBroadband Insights revealed that Takealot offers the best overall ecommerce service among large online retailers. Ecommerce is experiencing tremendous growth in South Africa. A recent study by World Wide Worx revealed that...
  17. Jan

    Massmart expects only slight delays in delivering online orders from Makro and Game

    Makro online shopping delays expected Despite rampant looting and vandalism at its facilities in KwaZulu-Natal, retail group Massmart says it only expects slight delays in delivering online orders from its Makro and Game stores. One of the biggest targets for looting over the past few days was...
  18. Jan

    Massmart share price plummets as Makro and Game stores looted

    Massmart hammered as Makro and Game stores looted Makro, Game, and Builders owner Massmart has seen its share price plummet by over 10% following looting at its stores and warehouses. Massmart’s share price closed at R62.67 on Friday, 9 June. On Wednesday, it was trading at under R55.00.
  19. Kevin Lancaster

    “Fake” Full HD TV recall in South Africa

    “Fake” Full HD TV recall in South Africa Massmart has quarantined TVs which are being sold as Full HD (1080p), but have HD Ready panels (720p) in them and has initiated a product recall for the units.
  20. Jan

    Nextbook tablet price in South Africa versus US

    Nextbook tablet price: SA vs US How does the South African price of the newly launched Windows-based Nextbook tablet PC compare to its retail price in the United States?
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