Walmart-Massmart Merger Approved

BENTONVILLE, Ark.-The merger of Walmart and South African retailer Massmart has received the approval of the country's Competition Tribunal.

According to a Walmart statement, the combined entity is planning "significant new-store openings," and it's anticipated that the Massmart food business will increase 50 percent over the next five years. Part of the deal includes the setup of a "supplier development fund" of about $15 million, as well as re-employing more than 500 workers who were laid off last year, prior to the announcement of the proposed merger.

Walmart will also provide expertise in logistics, inventory management and forecasting models to help South African suppliers and to reduce the prices of goods for South African consumers.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money