Topic: Massmart to open 23 new stores in South Africa.
Anonymous A started this discussion 15 years ago#13,749
Massmart corporate affairs executive Brian Leroni said that the majority of these stores would see Massmart as a tenant. “However, there would be some exceptions, where we will own the land and undertake our own development,†he said.
With specific reference to the current rollout, all the properties have been identified, the relevant deals had been finalised and the stores were in various stages of development.
Massmart declined to disclose the development costs, citing competitive reasons.
The planned rollout includes two Makro stores, six Game stores, four Dion Wired stores, seven Cambridge Food stores, one Builders Warehouse store, two Builders Express stores and a Builders Trade Depot.
The stores will be spread throughout South Africa. For example, a Makro store was opened in Polokwane, in Limpopo at the start of this month and other Makro stores were scheduled to open in Milnerton and Mbombela, in Mpumalanga. A Game Foodco store would be opening in Rosebank later this month, with further stores planned for Ulundi, in KwaZulu-Natal and Knysna, in the Western Cape. Builders Warehouse stores are opening in Klerksdorp, Bryanston and Cresta.
Massmart CEO Grant Pattison said progress on the company’s commitment to create 15 000 retail jobs within the next three years was being made. “We are proud of the role the group is playing in creating new jobs. In the next eight months alone, we will be opening 23 new stores, all of which will create employment opportunities,†he said.
The departments of Agriculture, Forestry and Fisheries; Economic Development; and Trade and Industry are opposing Walmart’s acquisition of Massmart. The Competition Appeal Court is due to hear next week why the deal should be undone or if it goes ahead, why more conditions should be imposed.
Government argued that the merging parties will increase imports, relying on Walmart's vast and extensive international procurement capability and has said that there is no evidence that Massmart would create 15 000 jobs because of the merger.
We'll see if it stands the test of time. This shit failed horribly elsewhere overseas. The biggest burden is making sure they don't make careless intercultural mistakes.
Anonymous D joined in and replied with this 15 years ago, 1 minute later, 7 minutes after the original post[^][v]#245,684
The name sounds like some kind of evil corporation satire. Why would you call it that.
Anonymous A (OP) replied with this 15 years ago, 3 minutes later, 11 minutes after the original post[^][v]#245,688
@245,677 (Falco !PZmcClOUDk)
The fear is that jobs will be taken away from local employers. The problem that Wal-mart had in Europe aside from trying to fight against Lidl and Aldi was they couldn't compete with prices, not to mention ridiculous employee rules (such as forbidding romantic relationships between employees) as well as having the really worst/annoying aspects such as employees constantly greeting/approaching customers. I just find it interesting that they're trying this again over in Africa.
joined in and replied with this 15 years ago, 4 minutes later, 16 minutes after the original post[^][v]#245,697
@previous (A)
They tried to fight Lidl and Aldi? Fools, no wonder they were annihilated. You can't fight Lidl or Aldi.
dw !AUIkTW/L46 replied with this 15 years ago, 0 seconds later, 16 minutes after the original post[^][v]#245,698
Anonymous A (OP) replied with this 15 years ago, 3 minutes later, 19 minutes after the original post[^][v]#245,702
@245,697 ()
Basically. One of the more amusing things was that their European division changed executive management more than three times between 1997-2005. One of the three presidents was only CEO for three months before it switched again.
âá´¥â joined in and replied with this 15 years ago, 18 hours later, 19 hours after the original post[^][v]#245,981
For the UK, but Asda accounts for 42% of Wal*Mart International sales so it is the most important. I think the problems you list in '688 were exclusive to Germany.
Anonymous A (OP) replied with this 15 years ago, 1 minute later, 22 hours after the original post[^][v]#246,110
@previous (G)
When you say international are you also including Africa and Asia?
Anonymous G replied with this 15 years ago, 1 minute later, 22 hours after the original post[^][v]#246,112
Anonymous A (OP) replied with this 15 years ago, 7 minutes later, 22 hours after the original post[^][v]#246,124
@previous (G)
I know you just found that statistic on Wikipedia but they are not the largest international division of Wal-mart. Brasil has more operating stores as of 2010, and Mexico has about 4 times that amount. You're merely looking at the Asda acquisition, not Wal-mart International.
Anonymous G replied with this 15 years ago, 1 minute later, 22 hours after the original post[^][v]#246,127
> I know you just found that statistic on Wikipedia
Yes
> You're merely looking at the Asda acquisition, not Wal-mart International.
Asda had 42% of Asda sales? What.
> Sales in 2006 for Walmart's UK subsidiary, Asda (which retains the name it had before acquisition by Walmart), accounted for 42.7% of sales of Walmart's international division.
> 42.7% of sales of Walmart's international division.
Anonymous A (OP) replied with this 15 years ago, 2 minutes later, 22 hours after the original post[^][v]#246,130
Since you're not highlighting where I'm supposed to be looking I'll assume you're talking about "Fiscal 2010 End-of-Year Store Count" and rebut with the fact that that just counts how many stores there are and does not document % of sales. Point me towards where I should be looking if I'm in the wrong place.