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    Massmart 46-wk sales up 8.3% to R59.7bn

    Walmart-owned Massmart Holdings reported an uptick in consumer activity at its stores for the 46 weeks ended November 2013.
    Massmart 46-wk sales up 8.3% to R59.7bn
    © Maksym Yemelyanov - Fotolia.com

    The SA-based firm‚ owner of local brands Game‚ Makro and Builders Warehouse‚ said its total sales rose to R59.7bn during the period‚ an increase of 8.3%‚ with comparable stores sales climbing by 4.3%.

    Sales at its Masswarehouse division recorded the highest growth during the period of 14%‚ followed by Massbuild (9.9%)‚ Massdisocunters (7.9%) and Masscash (4.1%).

    The company said product inflation was estimated at 2.9%.

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

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    Go to: http://www.inet.co.za
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