Walmart-owned South African retail group Massmart has appointed a new head of e-commerce.
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Massmart has introduced parent Walmart’s global integrated fulfilment software to all Makro stores, with plans to expand to Game and Builders soon.
Massmart has launched a solar funding solution to help customers reduce their reliance on Eskom as load shedding in South Africa continues unabated.
The strategy is to build Massmart into a force able to see off its brick and mortar rivals and then win a looming battle against Amazon.
Massmart has ambitious plans to become a leading player in e-commerce in South Africa. The company’s Sylvester John unpacks it all in this episode of TC|Daily.
Massmart reported a 50% year-on-year jump in e-commerce sales for the period to 26 June, even as its income statement was once again stained in red ink.
Massmart has reported full-year results stained in red ink thanks in part to the impairment an SAP ERP system at troubled retailer Game.
With an explosion in online sales expected in South Africa in the coming decade, e-commerce is becoming core to the growth strategy of Walmart-owned Massmart.
Massmart, the South African retail group owned by US giant Walmart, said 41 of its stores, which include Builders, Makro and Game outlets, were looted and trashed in this week’s violent carnage.
E-commerce was one bright spot in an otherwise mostly grim set of results from Walmart-owned retail group Massmart for the 2020 financial year ended 27 December.