How Bezos's grocery shopping shakes up an $800bn industry

2017-06-19 07:21

In one fell swoop, Amazon founder Jeff Bezos has charged into the supermarket business with the $13.7bn acquisition of Whole Foods, shaking up the $800bn grocery sector.

Massmart profit rises as food sales grow

2016-08-25 08:49

Massmart Holdings first-half profit has risen 19% as increased food and liquor sales offset slower growth in its general merchandise and DIY offering.

Walmart sues Visa over chip cards in US

2016-05-12 09:40

US retail giant Walmart is suing Visa to give customers using chip-enabled debit cards in its US stores the right to punch in a PIN code.

Tracy Morgan crash: Driver fatigue to blame

2015-08-13 10:00

Officials cite multiple factors, including driver fatigue and unused seat belts, were to blame for US comedian Tracy Morgan's horror crash in 2014.

Wal-Mart has $76bn in overseas tax havens - study

2015-06-17 07:44

All of Wal-Mart’s roughly 3 500 stores in South Africa, China, Central America, the UK, Brazil, Japan and Chile appear to be owned through units in tax havens, a new study shows.

Massmart full-year sales increase

2015-01-14 13:24

Retailer Massmart has reported a rise in full-year sales as its building materials and home improvement business delivered a better performance.

Bangladesh police end garment strike

2014-08-07 12:56

Bangladesh police have used water cannons and teargas to disperse hundreds of garment workers staging a hunger-strike.

Massmart CEO Pattison to step down

2014-04-11 11:51

The CEO of Massmart, the South African unit of US retailer Walmart, will step down after seven years at the helm of the discount retailer.

Bacteria ridden water found in Chinese meat

2014-01-06 17:18

China has held seven people in Guangdong province for injecting dirty pond water into lamb meat to swell its weight and raise its price, in the latest food scandal to hit China.

Bangladesh interrogates arson suspects

2013-12-01 11:06

The Dhaka authorities have launched an investigation into suspected arson at one of the largest garment factories in Bangladesh that produces clothing for Western retailers.


Wal-Mart in talks to invest up to $1bn in India's Flipkart

2016-09-28 08:10

Wal-Mart Stores has advanced talks to invest as much as $1bn into India’s Flipkart Online Services, as the two companies battle in e-commerce.

Makro, Game owner looking to Africa for growth

2016-06-17 11:39

Makro and Game’s owner Wal-Mart is looking for business opportunities in the rest of Africa, according to its CEO Doug McMillon.

Truck driver in Tracy Morgan crash wants charges dismissed

2015-12-21 19:00

The truck driver who slammed into a limo carrying Tracy Morgan will ask a judge next week to throw out criminal charges against him.

Amazon shares soar after shocking investors

2015-07-26 14:00 has risen by 9.8% after posting a surprise profit that showed investors the web retailer can make money when it puts the brakes on investments.

US airman shoots Wal-Mart workers, kills self

2015-05-26 23:26

Police say a US airman opened fire on workers at Wal-Mart before turning the gun on himself.

Massmart sees lower earnings, shares plunge

2014-08-20 11:33

Massmart Holdings, the SA unit of Wal-Mart Stores, says its first-half earnings have fallen, sending the retailer's shares lower.

Tensions in Bangladesh garment industry

2014-06-27 09:33

It took Western safety inspectors only about an hour to tour a factory the size of three football fields before ordering a partial shutdown.

Wal-Mart to accept video game trade-ins

2014-03-18 17:23

Wal-Mart plans to expand its video game trade-in programme to its stores, offering store credit for thousands of video games.

Walmart eyes legal action over fox meat

2014-01-03 13:05

Walmart Stores says it's considering taking legal action against "responsible parties" after DNA testing showed traces of fox meat in the donkey meat it sold in China.

Cheers for seven sisters

2013-08-13 11:40

Vivian Kleynhans and her six sisters have overcome the odds and family hardships to become entrepreneurs in the competitive wine industry by daring to dream.

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