Massmart is counting the costs after 43 of its stores and two distributions centres were affected by the recent civil unrest
Massmart has written down the value its general merchandise and food retail chain Game by R570m, indicating the extent to which the fallout of Covid-19 was taking its toll on brick-and-mortar stores.
Sales at SA Game stores decreased 4.6%, with comparable stores decreasing by 3.7%. Game is mostly located in large malls that have seen fewer consumers since the pandemic began. The trading update is compared to the first-half of 2020, which was marred by the first hard lockdown meant to control the spread of the virus.
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