Despite losing an absolute fortune on its investment, Walmart has decided to double down on Massmart and make an offer to buy the entire thing. Perhaps “double down” is the wrong description — this is more about “averaging down” as the original deal in 2011 of R148 per share worked out to about $21, whereas this deal at R62 per share is a paltry $3.60. The rand has collapsed over this period, and so has Massmart’s business model.
The retail industry is incredibly tough, especially in SA. Retail chains experience a painful cocktail of load-shedding, electricity inflation well above general inflation, constant pressure on consumers, high security risks and associated costs and challenging supply chains that must run the gauntlet of crime and fuel costs. As Dorothy learnt before Walmart did, we’re not in Kansas anymore. ..
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منبع: FinancialMail - 🏆 20. / 63 ادامه مطلب »
THE FINANCE GHOST: Walmart’s SA retail moves may hit headwindsThe US retail giant is doubling down by taking Massmart private, but the challenges facing SA retailers are vastly more complex than those in its home space, writes FinanceGhost. FinanceGhost You are indeed a great man to be called, I assure you that I will bring friends to come and invest with you because of the excellent work you did for me, I will keep sharing the good news about you JamesAlderson0
منبع: FinancialMail - 🏆 20. / 63 ادامه مطلب »