Massmart Archives - Just Food
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Massmart

On the move: the challenge of revitalising Wal-Mart

On the move: the challenge of revitalising Wal-Mart

Doug McMillon may have followed Mike Duke's path at Wal-Mart with the move from head of international to the CEO's office and, in some ways, he has some foundations on which to build the next stage of the retailer's growth. But he faces some significant challenges ahead.

UK: Former Tesco exec Russo named Asda CFO

Asda has named former Tesco executive Alex Russo as it new CFO. Russo will join the UK's second-largest grocer from Peru-based restaurant franchiser Delosi in January. He replaces Richard Mayfield,…

S AFRICA: Massmart H1 profit dips despite sales gains

An increased contribution from less-profitable food sales and higher expenses hit Massmart's first-half earnings, although the South African retailer grew sales during the six-month period. The company, in which Wal-Mart…

S AFRICA: Massmart H1 sales up but slowing

Sales at South African retailer Massmart, majority-owned by Wal-Mart, increased almost 9% in the first half of its financial year, although growth slowed throughout the period. Massmart's sales were up…

BRICs and beyond: Carrefour takes chance on Africa

French retail giant Carrefour has announced plans to expand further into Africa through a joint venture with consumer goods distributor CFAO. The deal will see the companies develop stores across…