We have leading market shares in the general merchandise, liquor, home improvement and wholesale food markets in the retail and wholesale stores we operate. Retail giant Game Stores reveals plan to close operations ...Walmart is planning to open retail outlets in Nigeria ... Massmart launches Makro and Builders Mini Programs on Vodacom's Vodapay Super App. Operating Times. Massmart, Walmart's Sout African subsidiary, has started the consultation process to close up to 34 stores in South Africa as part of the turnaround plan from new CEO, Walmart veteran Mitchell Slape. Walmart has had business operations in Nigeria, and 12 other African countries, since 2011 when it bought South African general merchandise retailer Massmart. South African retailer Massmart has hinted at opening up to 20 stores in Nigeria. Walmart already employs 28,000 associates at Massmart stores in sub-Saharan Africa, though the great majority of current stores are in South Africa. Massmart is disposing of all its general merchandise Game stores in West and East Africa as the Walmart majority-owned retailer evaluates its portfolio on the continent, its CEO said on Friday. Although some international grocers have entered - notably Shoprite and Massmart - there are many more waiting in the wings who have expressed an intention to open stores in Nigeria. JOHANNESBURG--Wal-Mart's African arm, Massmart, is piloting a new model of smaller stores in Nigeria and could roll out the format across East and West Africa as the retailer seeks to grow . As part of a turnaround plan, Massmart had said it will review its store portfolio outside of Southern Africa. Read more: South African rand sinks to 3-month low, bonds drop on violent protests The disputes include a wage dispute at Builders, with unions demanding an increase of 500 rand but Massmart is . Massmart is disposing of all its general merchandise Game stores in West and East Africa to stem losses in that struggling business, chief executive Mitch Slape said on Friday, after the Walmart . WALMART, America's foremost low-price merchandise retail store, is planning to open two stores in Nigeria soon. We outline what that means. This is why Shoprite has been able to roll out new stores faster than its competitor, Massmart. Like its peer Shoprite H . SOUTH AFRICA - Consumer goods distributor Massmart says it has put up 14 Game stores in East and West African stores for sale to focus on its core strengths as the group losses narrowed during the half-year ended June 2021, reports IOL.. Massmart has begun a formal sales process to divest in five Game stores in Nigeria, four in Ghana, three in Kenya, one in Uganda and one in Tanzania. These will be the first Walmart stores. Adewumi Adedoyin Anne. That review has now resulted in the disposal of 14 stores across Ghana, Nigeria, Uganda, Kenya and Tanzania. Massmart: Another Retail Store Exits Nigeria. Massmart, which is 51 percent owned by the world's biggest retailer Wal-Mart Stores, currently has two stores in Nigeria and a third under construction. Five stores will be sold in Nigeria, four in Ghana, three in Kenya, and one in each of Uganda and Tanzania. Massmart looks at Nigeria expansion. South African mega-retailer Massmart, the company that operates Game stores, has revealed that it is planning to sell its shops across countries in East and West Africa, including Kenya and Nigeria. Massmart said it had put up 14 Game stores in east and west African stores for sale to focus on its core strengths as the group losses narrowed during the half year ended June 2021. The Palms Shopping Centre, , Ozumba Mbadiwe Rd, Lekki Peninsula 101, Nigeria. As part of a turnaround plan to stabilise the business, Massmart had said it will review its store portfolio outside of Southern Africa. The Johannesburg Stock Exchange-listed retailer announced on Friday it had put up 14 Game stores in East and West Africa for sale. That review has now resulted in the disposal of 14 stores across Ghana, Nigeria, Uganda, Kenya and Tanzania. But Massmart needs a more radical change of focus. The nationwide wage strike has now entered its third week. The company has a total of 14 Game stores in Nigeria, Ghana, Uganda, Kenya, and Tanzania and it is the second-largest distributor of consumer goods. We outline what that means. Chief Executive Grant Pattison said the company had identified "five . It is partnering with a Nigerian company to open smaller "neighbourhood" stores, a different strategy to those of other South African retailers. Massmart — one of the biggest retail outlets in South Africa — has disclosed plans to sell its assets in some African regions, following the footsteps of Shoprite — one of its competitors. SACCAWU members downed tools demanding a R500 salary increase across the board while the Massmart Group, which owns retail chain stores such as Makro, Game and Builders Warehouse, is offering R320. Massmart, Africa's second-biggest retailer and 51 percent owned by U.S. group Wal-Mart Stores, itself the world's biggest retailer, has two stores in Nigeria, with a third being built. Pick n Pay is opening its first store in Nigeria. Walmart bought Massmart, a South African retail chain, in 2011, and there are currently six Massmart stores in Nigeria. Currently, there are 263 Massmart stores in South Africa, 11 in Botswana, three in Namibia, two in Lesotho and a spattering of single stores in eight other countries, including Uganda and Nigeria. Text. In their year-end 2020 report, Game, who is a part of the larger Massmart Group, reported that the majority of Massmart's realised and unrealised foreign exchange loss was primarily a result of currency weakness in Mozambique, Nigeria and Zambia, as well as the foreign exchange movements arising from the foreign exchange contracts. Like its peer Shoprite Holdings, forays into African markets including Nigeria have been marred by currency volatility and constrained consumer demand, making it difficult […] Massmart has begun a formal sales process to divest in five Game stores in Nigeria, four in Ghana, three in Kenya, one in Uganda and one in Tanzania. -. Massmart is an African retail group that owns brands such as Game, Makro, Builders, Cambridge Foods and more. Like its peer Shoprite Holdings, forays into African markets including Nigeria have been marred by currency . As part of a turnaround plan to stabilise the business, Massmart had said it will review its store portfolio outside of Southern Africa. South Africa's game store. The envoy, headed by its head of lead by its President and Chief Executive Officer . Massmart has six outlets in Nigeria. As part of a turnaround plan to stabilise the business, Massmart had said it will review its store portfolio outside of Southern Africa. Facebook Instagram. Nigeria's retail industry has seen growth over the past decade, with formal retail space growing from 30,000sqm to over 300,000sqm across different . Massmart is an African retail and wholesale group with widely recognised and differentiated formats, represented in 411 stores in 13 sub-Saharan countries. Massmart CEO Mitch Slape said in a media call he will elaborate on the review during the retailer's results presentation later today. Massmart Holdings Limited (JSE: MSM) is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse and CBW.It is the second-largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment and wholesaler of basic foods. Massmart, one of Africa's biggest retail chains, and owners of Games Stores, has said Nigeria is at the core of its growth strategy as it looks to deepen its footprint outside of South Africa and become a dominant player on the continent. That review has now resulted in the disposal of 14 stores across Ghana, Nigeria . The review has now led to the closure of 14 stores across Ghana, Nigeria, Uganda, Kenya, and Tanzania. Massmart is an African retail group that owns brands such as Game, Makro, Builders, Cambridge Foods and more. Massmart chief executive Mitchell Slape said the chain had begun a formal sales process to divest in five Game stores in Nigeria, four in Ghana, three in Kenya, one in Uganda, and one in Tanzania. Massmart, which is owned by American Walmart, cites a renewed need to focus on its "core strengths" as the group has continued to report losses . WALMART, America's foremost low-price merchandise retail store, is planning to open two stores in Nigeria soon. South African retailer Massmart says it will expand into the food retail market in West Africa, starting with Lagos, Nigeria, through the creation of Value Mart, a small, low-income stores. Massmart is disposing of all its general merchandise Game stores in West and East Africa to stem losses in that struggling business, chief executive Mitch Slape said on Friday, after the Walmart majority-owned retailer reported a narrower half-year loss. Massmart to sell 14 Game stores in East and West Africa. 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