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News24 | US Giant Walmart to Open First Stores in SA Before End of the Year
Walmart plans to invest in local jobs and suppliers, aiming to compete with Takealot and Amazon South Africa by offering affordable, quality products in modern stores.
- On Tuesday, Walmart confirmed it will open its first-ever branded stores in South Africa later this year, with rollout operated by Massmart.
- Following its Growth Summit earlier this year and its 2011 $945 million stake in Massmart, Walmart decided to launch Walmart-branded stores in South Africa.
- Kath McLay said the new stores will offer a full supercenter format with groceries, apparel, home goods, technology, wide aisles, digital features, and partner with local suppliers and entrepreneurs.
- Market effect: Walmart's entry could intensify competition with Shoprite, Woolworths, Pick n Pay, and online rivals Takealot.com and Amazon SA, while possibly pressuring small neighbourhood stores and offering South African shoppers more choice and lower prices.
- With sites already in development, the company will announce official opening dates in October and share further details next month and in the coming months, focusing on Johannesburg, Cape Town and Durban with click-and-collect and e-commerce integration.
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Walmart to open first South Africa stores
Walmart, the world’s largest retailer, will this year open its first branded stores in South Africa, setting up a contest with other global outlets in Africa’s most advanced economy.The US retailer said it will offer “a variety of locally sourced products” — from groceries and apparel to technology — while adhering to “global standards.” Sites for the stores are “in development,” with opening dates to be announced in October, the company said.Un…
·New York, United States
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Total News Sources22
Leaning Left3Leaning Right2Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 17%
R 33%
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