Massmart Holdings Limited
MMRTY
Other OTC6.80
USD
- -
- -
CIK
0001412481
ISIN
US5762902097
CUSIP
576290209
Return %
Stock
S&P500
1Y
-9.09
19.25
3Y
0.89
65.11
5Y
-71.22
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Full Time Employees
- 41,000
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- Address
- Massmart House Sandton South Africa 2157
- IPO Date
- Oct 21, 2008
- CIK
- 0001412481
- Website
- massmart.co.za
- Similar Companies
- Business
- Massmart Holdings Limited operates as a retail and wholesale group based in South Africa, specializing in the distribution and sale of consumer goods across multiple categories. Founded in 1990 and headquartered in Sandton, South Africa, the company operates approximately 300 stores spread over 8 sub-Saharan African countries. Massmart's core products and services include general merchandise, liquor, home improvement products, and wholesale food markets. It operates through several retail brands and formats including Makro, a multi-category big-box format offering food, liquor, and general merchandise to retail, commercial, and wholesale customers; Game, which focuses on discount retailing of appliances, electronics, lifestyle merchandise, groceries, liquor, and value-added services; Jumbo, comprising food, liquor, and general merchandise wholesale operations; Builders Warehouse, which specializes in home improvement, building materials, and DIY products across multiple store formats; and other brands such as Cambridge Food, Rhino, Trident, Shield, Saverite, and Cash & Carry formats. Massmart is the second-largest distributor of consumer goods in Africa and the largest retailer in its core sectors such as general merchandise, liquor, and home improvement supplies. It targets retail and commercial customers throughout South Africa and other sub-Saharan African markets. Since 2011, Massmart has been a subsidiary of Walmart Inc., which fully acquired the remaining shares in 2023, making it a wholly owned subsidiary. This ownership has triggered strategic initiatives, including plans for Walmart to open Walmart-branded stores in South Africa starting late 2025, complementing Massmart’s existing operations. This expansion aims to introduce Walmart’s "Every Day Low Prices" model and global retail standards while sourcing more local African products and suppliers. Massmart continues to enhance its digital capabilities and innovative delivery models, focusing on supply chain localization, supporting small and medium-sized African suppliers, and exploring logistics innovations such as pickup points and parcel lockers to improve customer experience. The company’s operations cover retail and wholesale food, liquor, general merchandise, home improvement, and mass merchandise. Geographically, its footprint is primarily in South Africa with a presence in 7 other African countries, comprising more than 400 stores as of recent counts across its multiple retail formats and wholesale businesses. Recent organizational changes include new leadership appointments in 2023 aimed at driving growth and operational efficiency. Massmart’s business segments reflect varied customer needs, ranging from food and liquor retail to building supplies and consumer appliances, leveraging high volume, low cost, and operational excellence to maintain price leadership in their markets. Massmart Holdings Limited’s comprehensive product portfolio includes builder items, groceries, appliances, apparel, gym and fitness products, pool accessories, trailers, campers, infant products, and other consumer goods. The company operates through a multi-format retail and wholesale strategy designed to address diverse consumer and commercial segments throughout sub-Saharan Africa, supported by a strong emphasis on responsible business practices and continuous operational improvements. In summary, Massmart Holdings Limited is a major African retail and wholesale group with diversified product offerings under leading local brands, backed by Walmart's full ownership since 2023, with new strategic expansion into Walmart-branded stores and enhanced local supplier integration aimed at further growth in South Africa and the broader African market.