Walmart has hit the ground running following its purchase of a controlling stake in SA retail giant Massmart. Sunday newspapers carried glossy Walmart-Massmart advertisements promising discounted prices to consumers and sending a
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Investment in information technology will be a key focus area for US retailing giant Wal-Mart if it proceeds with its nonbinding offer to buy SA retail group Massmart in a R30bn deal. Massmart, which owns Makro and other discount stores, told shareholders on Monday morning that Wal-Mart Stores had made a preliminary, nonbinding proposal, which could lead to the world’s largest retailer acquiring the JSE-listed group for R148/share.