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Sunday, June 26, 2011
Retail in SA will never be the same
Walmart's first specials include a 32-inch Samsung LCD TV slashed to R3499 from R4799.00 at Game; Premier white bread at R6.29 at Makro (from R6.50), and 15 litres of Dulux Weatherguard paint cut by R76 to R449.
After fears about job losses and threats to local manufacturing that Walmart's buyout of Massmart might bring, Pattison said Massmart now estimates it will create 15000 jobs over the next five years, and source an additional R60-billion worth of food and other consumer goods locally.
http://www.timeslive.co.za/sundaytimes/2009/09/10/walmart-declares-war
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