Massmart faced difficult consumer environment in H1

Date : 31 July 2019
South Africa-based, Walmart-owned Massmart has said sales rose 5.5% to ZAR43.8bn (US$3.1bn). The performance was driven by comparable sales growth of 3.6% and product inflation of 2.7%. The retailer’s local operations underperformed relative to those outside South Africa, with total sales rising by…
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