André Steyn, format acceleration VP at Massmart. Walmart is betting on its omni-channel retail strategy to attract South African customers, rolling out a Walmart Africa mobile app built on the same global technology stack that powers the US retail giant’s global operations. The US multinational retailer, which operates a chain of hypermarkets, discount department stores…
Walmart opened its first store in South Africa on Saturday, marking the US retail giant’s debut on the African continent as it seeks a stake in a competitive market. More than 100 shoppers queued for hours outside the store to take advantage of Walmart’s “Everyday Low Prices” and shop international products that are not easily…
Walmart CEO Doug McMillon is retiring early next year, after overseeing the top U.S. retailer’s transformation into an e-commerce behemoth, the company said Friday in a filing. The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1, according to the filing. McMillon, who stepped into the top role at…
Walmart, the world’s largest retailer, is set to open its first self-branded store in South Africa at Clearwater Mall in Johannesburg’s western suburbs in the coming weeks. This marks a significant development in the local retail landscape, potentially setting the stage for a clash with other global e-commerce giants, such as Amazon, which recently established…
Clearwater Mall, in Johannesburg’s western suburbs, will be the location of Walmart’s first own-branded store in South Africa. It will be opened in the coming weeks. Walmart-owned Massmart, the parent of Makro and Builders, said the new store – and others that will follow – will stock products largely sourced from local suppliers, but this will…
In this photo illustration, Beyond Meat’s Beyond Burgers are shown on February 29, 2024 in Chicago, Illinois. Scott Olson | Getty Images Beyond Meat has regained a bit of its meme mojo status, surging more than 146% on Tuesday in its best day ever. The food company known for its plant-based meat alternatives is having…
When Mary May started buying from third-party sellers on Walmart’s online marketplace, she said she assumed the products she was purchasing were the same as the ones she’d long bought in stores. So in late March when she said she saw a “ridiculous sale” on her favorite Neuriva brain supplements on Walmart‘s marketplace, she bought…
US megaretailer Walmart’s move to introduce its own-branded stores in South Africa is going to be met with stiff competition from established retailers, but its advancements in retail technology – spanning its operations from in-store management to its logistics pipeline – could give it an edge. According to Chris Gilmour, investment analyst at Gilmour Research,…
US retail giant Walmart, which entered the South African market in 2010 through an investment in Massmart – it later bought out the group in its entirely – is launching its first own-branded stores in South Africa. The company said in a statement on Tuesday that the stores will be launched “later this year”. Until…
At least 11 people were injured in a “multiple stabbing incident” Saturday at a Walmart in Traverse City, Michigan, officials said. A suspect is in custody, the Michigan State Police said on X. Additional details about the incident were not immediately available. Eleven people are being treated at Munson Medical Center, said Catherine Dewey with…
