Massmart Holdings Ltd (MSMJ.J)
20 Aug 2019
JOHANNESBURG, July 30 Massmart has warned it expects to make a loss in the first half of the year as a result of softer than expected sales, margin weakness and higher expenses, sending its shares to a 13-year low.
JOHANNESBURG, July 30 South African retailer Massmart said it expects to swing to a half-year operating loss, weighed down by softer than expected sales, margin weakness and expense growth, sending its shares tumbling to a 13-year low.
JOHANNESBURG South African retailer Massmart on Thursday warned of lower headline earnings per share for the first half of the year and said that Walmart executive Mitchell Slape would become its new CEO.
JOHANNESBURG, May 23 South African retailer Massmart on Thursday warned of lower headline earnings per share for the first half of the year and said that Walmart executive Mitchell Slape would become its new CEO.
JOHANNESBURG, May 23 Massmart has appointed Walmart Japan former interim president and chief executive officer Mitchell Slape as its new CEO, succeeding Guy Hayward who resigned in May, the South African retailer said on Thursday.
* Exact timing of Hayward's exit not confirmed (Adds analyst quote, background)
JOHANNESBURG, May 6 The chief executive of Massmart, Guy Hayward, will step down before the end of 2019 after being at the helm for five years, the South African retailer said on Monday.
* Cautious outlook for H1 2019 (Recasts with Africa expansion)
JOHANNESBURG, Feb 28 South African retailer Massmart said on Thursday its full-year headline earnings fell by 31.7 percent to 901.2 million rand ($64.70 million).