Massmart trading update reveals widening loss

Date : 21 August 2020

Jon Wright

Head of Insight

South Africa-based, Walmart-owned Massmart has released a sales update and trading statement for the 26 weeks ending 28 June, which highlights the impact of COVID-19 on its performance and its expected loss for the period. Total sales fell 9.7% in H1 2020… Massmart said while it had enjoyed…
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