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.
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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.