Walmart is targeting zero emissions across its global operations by 2040. The retailer also plans to manage or restore at least 50m acres of land and 1m square miles of ocean by 2030 to help combat the cascading loss of nature. On the path to becoming a regenerative company These new goals represent a raising of ambitions at Walmart as the retailer aims to play a leading role in transformin...

As Shoprite confirms its full year results and its exit from Kenya, SPAR South Africa evolves its management team and Massmart adapts its range, we round up news from the country. Shoprite enjoys growth at home… As it confirmed its full year results, Shoprite reported its sales rose 6.4% to ZAR156.9 bn (US$9.3 bn), with its trading profit increasing by 10.4% to ZAR8.3 bn (US$494.6m). It sai...

South Africa-based, Walmart-owned Massmart has released a sales update and trading statement for the 26 weeks ending 28 June, which highlights the impact of COVID-19 on its performance and its expected loss for the period. Total sales fell 9.7% in H1 2020… Massmart said while it had enjoyed an uptick in sales in June, with total sales rising 0.8% versus the same month in 2019, this was not ...