25 February 2021
Walmart-owned, South Africa-based Massmart released a trading update for the 52-week period ending 27 December 2020, noting full year sales fell 7.7% to ZAR86.5 bn (US$5.9 bn). The retailer reported comparable sales contracted by 7.5% in the year, although it had seen an improvement in performance in Q4.
Q4 sales contracted 4.1%
The retailer said sales in its fourth quarter were down 4.1% o...