Trade Intelligence Logo

• Massmart Pretty in pink

  Game is 50 years old, which for retail journalists of a certain age is an extremely sobering thought. Journalists who as a young lad walked the gloomy splendour of the first Brickhill Road store as their mother marvelled at the cheapness of everythin... More »

  • Tatler Reporter 30/06/20

• ---

• Massmart Daddy Warbucks

  Massmart has approached the old man for a bit of help to get it over the COVID hump, to the tune of a R4bn inter-company loan from Walmart. This as it announced that sales for the 23-week period through 7 June totalled R34.8bn, -10.3% down from last... More »

  • IOL 18/06/20

• ---

• Massmart For everything there is a season

  Some moderately good news from Massmart at a time when the business could really use some. In a trading update they reported that sales for the quarter through March were up +1.3% YoY to R22bn, with like-store sales up a more muted +0.6%. This on the... More »

  • IOL 16/04/20

• ---

• Massmart Lights out

  Last Thursday, Massmart made the difficult call to cease trading at all 23 of its DionWired Stores, and – at the time of going to press – was still deliberating on the details of the closure of its 11 underperforming Masscash stores. Massmart are in ... More »

  • IOL 19/03/20

• ---

• Massmart I have a store in Africa

  In a gloomy results preso last Thursday, Massmart – which has never sugar-coated the bad news in our experience – let it be known that trading profit declined -46.3% to R1.11bn and operating profit (before forex, interest and tax) declined -55.0% to ... More »

  • Ti Analyst 28/02/20

• ---

More articles