Tag Archives: Wal-Mart

In a hard-hitting submission to the Competition Tribunal three government departments have criticised Wal-Mart and Massmart for their unwillingness to make any binding commitments that would address public interest concerns about the impact of the merger on local procurement, food security and broad-based black economic empowerment (BEE). “A merger of the size of the proposed Wal-Mart/Massmart transaction, and with the ... Read More »

The US retailers were already reeling from the new consumer frugality but in June, incessant rain and raising unemployment further dampened sales. Stores that had made strides in recent months reverted to double-digit declines. Overall, the industry posted  a 6.7% decline in sales for the month, in contrast  to a 309% increase a year ago, according to  the Goldman Sachs ... Read More »