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

15 Nov 2013

Walmart-owned Massmart Holdings reported an uptick in consumer activity at its stores for the 46 weeks ended November 2013.

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

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