walmart

  1. 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...
  2. 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...
  3. 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...
  4. 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...
  5. 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...
  6. 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.
  7. 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.
  8. Jan

    Twitter testing shopping during live broadcasts

    Twitter starts testing live shopping But wait! If you order now...
  9. 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.
  10. Jan

    Amazon, third-party sellers spur fake goods, group says

    Beware fake goods on Facebook Marketplace and Amazon Third-party marketplaces like the one created by Amazon.com Inc. are flooding the U.S. market with imitation goods, according to a report commissioned by a group of retailers and manufacturers. Imports of such goods cost U.S. retailers about...
  11. 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...
  12. TEXTILE GUY

    Well dog gone, and back @Walmart

    A heart warmer for the day ............. Dog Missing for Weeks Finds Her Owner During Work Shift at Walmart: 'I Completely Lost It' (msn.com)
  13. J

    Walmart kick-starts robot delivery market

    Walmart kick-starts robot delivery market Walmart Inc. came to dominate retailing through its mastery of logistics—the complicated choreography of getting goods from farm or factory to the consumer. But even the world’s biggest store doesn’t make money selling its wares online in the U.S...
  14. J

    Walmart launches voice-activated shopping through Google Assistant

    Walmart launches voice-activated shopping through Google Assistant Walmart Inc. will let customers order groceries by voice through Google’s smart-home assistant, an attempt to counter Amazon.com Inc.’s growing clout in e-commerce. Beginning this month, Walmart shoppers can add items directly...
  15. J

    Bezos and Buffett bet on India's $250-billion Internet market

    Bezos and Buffett bet on India's $250-billion Internet market India’s long-neglected retail market is turning into one of the world’s hottest thanks to Warren Buffett, Jeff Bezos and a frenzy of billion-dollar dealmaking. Walmart Inc. just wrapped up a $16 billion agreement for control of the...
  16. A

    Using Aramex to ship Wal-Mart online goods

    Is it possible to use Aramex Global Shopper to ship beauty supplies purchased from Walmart online store? Thanks
  17. J

    Walmart considering purchase of 20% stake in Flipkart

    Walmart considering purchase of 20% stake in Flipkart Is India’s e-commerce leader Flipkart Online Services Pvt worth $20 billion? [Bloomberg]
  18. O

    Walmart partners with smart lock maker August to test in-home delivery of packages

    Somehow I don't think it will quite work out as planned, should they try this in SA. :D https://techcrunch.com/2017/09/21/walmart-partners-with-smart-lock-maker-august-to-test-in-home-delivery-of-packages-and-groceries/ Update: Mods, please move this thread to the 'Broadband and IT News'...
  19. Rubberpigg

    How Walmart Secretly Uses Tax Havens to Dodge Taxes

    Wednesday, June 17, 2015 A groundbreaking report reveals that Walmart has built a vast, undisclosed network of 78 subsidiaries and branches in 15 overseas tax havens, which may be used to minimize foreign taxes where it has retail operations and to avoid U.S. tax on those foreign earnings...
  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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