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.


  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

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 cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.