Walmart is the Big Galoot of retail – large, well-intentioned, but with a propensity for bumping into things with comically disastrous consequences. Nigeria, ditto, of Africa. A match made in Big Galoot heaven, then, hold onto the crockery! Technically, Walmart already is in Nigeria, of course, through its part ownership of Massmart which has six stores there. But it has grander ambitions, hence a recent series of meetings with the Governor of Lagos State, and on some as yet undetermined day in the near future, the Nigerian People Of Walmart will soon have their very own big-box catwalk. Once in Nigeria, Walmart will face headwinds from Shoprite, which has plans for 800 stores in that still-promising economy.
Comment: What remains unclear here is how Massmart will feature in the rollout – perhaps there’ll be a rebranding of existing outlets? We speculate.