• Don't commit legacide

    Common but false legacy business ideas could be slient killers of innovation, says Ian Mann.

  • A special kind of coup

    Scared or compromised ANC leaders seem ready for collective suicide, says Solly Moeng.

  • Excuses, excuses...

    ‘White monopoly capital' is just a ploy to avoid SA’s real problems, say two analysts.

All data is delayed
Loading...
See More

Walmart advent a boon to SA shoppers

Jul 16 2012 12:41

Company Data

MASSMART HOLDINGS LIMITED [JSE:MSM]

Last traded 143
Change -1
% Change -1
Cumulative volume 217094
Market cap 0

Last Updated: 30-03-2017 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

SHOPRITE HOLDINGS LIMITED [JSE:SHP]

Last traded 200
Change -4
% Change -2
Cumulative volume 1096970
Market cap 0

Last Updated: 30-03-2017 at 05:07. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Retail sector 'needs BEE charter'

Walmart bribery scandal

Govt appoints expert for Walmart study

Walmart bribery review fingers SA

 

Johannesburg - Walmart's entry into SA, with the retailer's low-cost philosophy, continues to shake up the retail sector as Massmart subsidiaries and its biggest competitors feel compelled to cut prices, said Business Report.

The paper quotes Alan Coward, CEO of home appliances supplier Amalgamated Appliances, as saying: "Walmart's entry has indeed resulted in consumers being winners.

"With Walmart coming here things have changed and competitors have upped their game. Suppliers have cut costs where necessary, especially in their distribution centres and their warehouses." 

Coward said although some suppliers had to reconsider their selling prices, "they have worked with the retailers but not in a collusive manner".

It is evident that competition is heating up in the retail space, especially between Shoprite Holdings [JSE:SHP] and Massmart Holdings [JSE:MSM], which have adopted longer price-cut promotion periods, the report said.

Retail analysts said price-cut promotions have definitely benefited consumers.

Since the beginning of the year, both Massmart and Checkers reportedly claim to have saved consumers up to R300m through aggressive discounting, and by keeping prices lower for longer.

 

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
15 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you think women are under-represented in leadership positions globally?

Previous results · Suggest a vote

Loading...