Newly appointed Massmart CEO Mitchell Slape to assume office from September

SOUTH AFRICA – Massmart, Walmart owned South African retailer, has announced that the newly appointed chief executive Mitchell Slape will assume office from September 1, 2019. In May, Walmart announced it was sending in Slape, […]

Massmart Holdings subsidiary Game stores opens new branch in Kenya

KENYA – Game Stores, a subsidiary of South Africa’s retail giant Massmart Holdings, has opened its third outlet in Kenya at Kisumu’s Mega City Mall, in western region of the country. The branch, which is […]

Massmart appoints Walmart veteran Mitchell Slape as new CEO

SOUTH AFRICA – Massmart, Walmart owned South African retailer, has announced the appointment of Mitchell Slape as the new Chief Executive Officer (CEO) and executive director of the company. Mitchell Slape, the chief executive officer […]

Walmart to launch US$104m food distribution and ecommerce center in China

ASIA – The world’s leading ecommerce and retail firm, Walmart is set to launch its first perishable food distribution centre, alongside ecommerce and delivery services in China. Set to begin operations in March, the center […]

Flipkart CEO Binny Bansal resigns after personal misconduct investigation

INDIA – Walmart owned Flipkart’s Chief Executive Officer (CEO), Binny Bansal has resigned from the company following an investigation into an alleged ‘serious personal misconduct’. According to the US retail giant, Binny has strongly denied […]

Walmart to offload 570 office workers onto outside company

USA – Walmart, the American multinational retail corporation is transferring 570 workers from finance and accounting department to an outside company which will help in the retailer’s financial operations. According to a New York Times report, […]

Walmart unveils new last-mile delivery pilot to expand its grocery delivery services

USA – The American retail corporation Walmart has announced a new last-mile delivery pilot programme, Spark Delivery that will see timely grocery deliveries from their stores to customer’s front doors. Walmart is rolling out the […]

Competition Commission of India clears Walmart’s US$16bn Flipkart acquisition

INDIA- The Indian regulator has approved Walmart’s US$16 billion acquisition of India’s largest e-commerce firm Flipkart, its biggest takeover ever in a fast growing retail space. In May, Walmart announced the acquisition of 77% stake […]

Walmart India plans 1,000 technology hires to build up ecommerce stronghold

INDIA – Walmart India is planning to hire about 1,000 people for technology operations in India as it embarks on its technology strategy to boost ecommerce platform in and outside India. ET Retail report indicated […]