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...
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...
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...
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...
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...
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.
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.
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...
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...
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...
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...
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...
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'...
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...
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?