Massmart sales weakened by alcohol bans, riots, chip shortage

Jan

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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, including Covid-19 liquor trading restrictions, lost sales from 43 stores damaged during the July unrest in Gauteng and KwaZulu-Natal, unrest related supply chain disruptions and the impact of global supply shortages,” Massmart said in a sales update on Friday.
 
wireddreams said:
That photo looks like it was taken from an apocalypse movie...
Click to expand...

That photo is the Springfield Branch of Makro, the surrounding area looks equally as bad.
The value centre across the road is at least 60% gone structurally, the other one across the road is about 50% gone structurally (the actual buildings have collapsed).

And this is what Massmarts flagship central KZN DC looks like to this day (they've moved to other locations)
Ferial-riotOrganisedChaos2.jpg
 
And if I remember correctly about 150 000 lost their jobs due to the July riots of 2021
 
I wonder which RET supporter has all the solar panels that Makro Springfield had.
 
ToxicBunny said:
That photo is the Springfield Branch of Makro, the surrounding area looks equally as bad.
The value centre across the road is at least 60% gone structurally, the other one across the road is about 50% gone structurally (the actual buildings have collapsed).

And this is what Massmarts flagship central KZN DC looks like to this day (they've moved to other locations)
Ferial-riotOrganisedChaos2.jpg
Click to expand...
Can't be. that Zinc roof sheets must have been stolen already.
 
No mention made of clients loosing jobs, taking pay cuts, higher interest rates, tightening the belt with spending. So, seems they are fu**ed even more than they think.
 
Yet absolutely nothing was done about the instigators of the riots, you know the vile Zuma spawn.
cANCer yet again proving how weak and spineless that are.
 
Mekon said:
Yet absolutely nothing was done about the instigators of the riots, you know the vile Zuma spawn.
cANCer yet again proving how weak and spineless that are.
Click to expand...
I think there may be more fun in the pipeline...
We have see how the police and the army are powerless to stop this...

And how the government turned a blind eye to it for 4 or 5 days....
 
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