Mitchell Slape News Today

Customers converged on Game’s flagship store in The Mall of Africa for the retailer’s first midnight opening since 2019, looking for bargains on big ticket items such as TVs, laptops and fridges.

And Massmart has been delisted from the JSE.

NAIROBI, Kenya, Oct 27 - South-African retailer Massmart that runs Games Stores will close its Kenyan stores on or about December 25, rendering hundreds Kenya breaking news | Kenya news today |

Our view on the business stories of the day.

Massmart which operates the Game Stores has begun talks with staff on the planned closure of its three stores in Kenya.

Pick n Pay is decentralising some of its functions that will help it get closer and become more relevant to their customers in a bid to gain market share in the highly competitive grocery business, which is expected to grow by R200bn in the next five years to R800bn.

First eight begin process of closing, with potentially another seven to follow …

After years of reporting losses in the glare of the public eye, Massmart in a surprise move this week announced plans to go private as a fully owned subsidiary of US retail giant Walmart, a move the company and analysts say offers the best chance of turning around its flagging fortunes.

There’s still a lot to fix and the weak rand forced its hand …

Global retail giant plans to buy all of the shares it doesn’t already own and delist Massmart from the JSE.