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Latest articles on Wal Mart

Massmart profit dragged down by Game stores

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The Wal-Mart-owned retailer Massmart has missed profit estimates as a result of disappointing performance from Game.
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Grocers trade at lowest in three years as profits stall

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Food retailers are trading at the cheapest premium to the nation’s benchmark stocks index as economic factors curb their profit growth.
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Wal-Mart’s Massmart sales growth slows as spending drops

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SA food and goods wholesaler Massmart says sales growth has decreased during the first half of the year amid a downturn in consumer spending.
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Walmart not making massive dent

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The company has not proved to be the hungry giant the competition had feared and it will take more time to feel Walmart's muscle.
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US union lent a hand in Walmart battle

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According to reports, a US union paid legal fees for a local union to fight US retail giant Walmart's acquisition of local retailer Massmart.
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Walmart merger outcome widely welcomed

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The government has roundly welcomed the ruling on the Walmart/Massmart merger and appears unlikely, at present, to take the matter to court.
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Court dismisses government’s Walmart appeal

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The Competition Appeal Court has dismissed the state's appeal against the Walmart-Massmart merger, but acknowledged legitimate concerns over the deal.
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Namibia gives Walmart merger the nod

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Namibia's trade and industry minister is giving Walmart's Massmart takeover the nod, provided it does not cut job within the first two years.
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Shoprite’s first-half profits up by nearly 20%

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Africa's largest food retailer has reported a healthy rise in first-half profits, which they have partly attributed to higher prices and better wages.
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All eyes on SA, Walmart appeal

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Whether Walmart succeeds in buying a controlling share of a major SA chain could affect whether other Americans come to do business on the continent.
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India’s plan to bring in Western retailers sparks fury

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Small traders in India have planned demonstrations over the state's plan to give companies such as Tesco access to the Indian market.
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Riotous crowds mar US Black Friday shopping

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Black Friday turned into mayhem as riotous crowds brawled over video games, waffle irons and towels, drawing international condemnation.
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Gordhan predicts improved foreign investment

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Finance Minister Pravin Gordhan says there will be more certainty about foreign direct investment in South Africa within the next year.
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Namibian court issues strict conditions on Walmart

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The Supreme Court of Namibia has backed the decision by competition authorities to impose conditions on Walmart's purchase of SA retailer Massmart.
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Big five fight for food market share

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The Shoprite Group continues to lead the pack but the other retailers are pulling out all the stops.
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