Page 27 - Builders Warehouse News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gallo Images/Papi Morake Walmart-owned Massmart said the retailer lost R6 billion in total sales due to Covid-19 restrictions, including on liquor. It also expects expects its net loss to widen by 30.9% to 35.9% from R1.3bn in 2019. The group said in an update to shareholders on Friday that said some of the effects of Covid-19 were mitigated by rental relief from landlords, and benefits from government's wage-relief scheme. Massmart reported that group sales decreased by 7.7% to R86.5 billion for the 52 weeks ended December 27 2020. Massmart - which owns Game, Makro and Builders Warehouse - ...

The buoyant Chief Executive Officer of The Bulb World, Ketshaphaone Jacob talks with passion about youth empowerment – declaring ‘our

Devland is owned and controlled by two historically disadvantaged persons, and the merger is set to boost a greater spread of ownership in the grocery market.

For the first time since 2016, Shoprite’s furniture business has emerged as a bigger sales driver than its core supermarket operations (food and other consumer goods). In 2016, Whitey Basson was still at the helm of Shoprite, and regulations around issuing credit to consumers hadn’t been tightened, allowing SA retailers to easily throw debt at consumers to purchase furniture and other big-ticket home items. Over this period, Shoprite recorded annual growth in furniture sales of 15.3% while supermarket operations grew sales by 10.9%. After 2016, the credit taps started to close as regulato...

Its share price is down 30% over the last 12 months.