Walmart still considering South Africa acquisition

Retail news from Africa & The Middle East
Post Reply
krogerclerk
Service Clerk
Service Clerk
Posts: 123
Joined: March 15th, 2009, 8:08 am
Status: Offline

Walmart still considering South Africa acquisition

Post by krogerclerk »

Walmart is still eyeing South African retailer Massmart which is unionized unlike any other Walmart operation. Also Massmart's hypermarkets carry deeper lines in home improvement leading to speculation that the chain is considering taking on Home Depot and Lowe's in the home improvement segment, beyond the current offerings, a move which they attempted previously.

http://www.bloomberg.com/news/2010-10-2 ... sburg.html
babs
Store Manager
Store Manager
Posts: 1034
Joined: December 20th, 2016, 3:08 pm
Has thanked: 41 times
Been thanked: 150 times
Status: Offline

Re: Walmart still considering South Africa acquisition

Post by babs »

krogerclerk wrote: October 29th, 2010, 8:12 am Walmart is still eyeing South African retailer Massmart which is unionized unlike any other Walmart operation. Also Massmart's hypermarkets carry deeper lines in home improvement leading to speculation that the chain is considering taking on Home Depot and Lowe's in the home improvement segment, beyond the current offerings, a move which they attempted previously.

http://www.bloomberg.com/news/2010-10-2 ... sburg.html
Why? Walmart hasn't had much success outside North and South America. Europe was a disaster for them. Focus closer to home as they still have lots of growth available to them without blowing some more money elsewhere.
Post Reply