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.
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...
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.
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...
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Massmart stated that disputes related to strike action at Game, Makro and the wider group were permanently withdrawn, whilst the company revised its wage offer to Builders from 4% to 4.5%.
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...
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.
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.
commission for conciliation mediation and arbitration (ccma)
doug jones
game
makro
massmart
mduduzi mbongwe
mitch slape
sa commercial catering & allied workers (saccawu)
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.
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...
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...
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...
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...
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...
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...
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...
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.
“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.
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?