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Game Stores

Retail

Is Game Starting to Bounce Back After a Dismal Few Years?

Luis Monzon -
South African retailer, the Massmart-owned Game, says that it is starting to bounce back after a few years of slumping sales and a massive decrease in foot traffic brought about by a variety of factors, including the COVID-19 pandemic. In...
Retail

South Africa’s Massmart Warns of Bigger Half-Year Losses due to Lockdown

Luis Monzon -
Massmart, a South African super-retailer and owner of Game stores, says it is expecting its half-year loss to widen at least 50% because of a substantial hit to its sales from the nationwide coronavirus lockdown. Majority owned by American retailer...
Retail

DionWired is Officially Closed for Business

Luis Monzon -
In February, it was learned that DionWired stores were bleeding money for their parent company, Massmart - this came just weeks after Massmart's January announcement that the stores would be closing. The initial statement from Massmart read “the Massmart Group...
Africa By Region

DionWired Bleeding Money – No Question Why Stores Are Closing

Luis Monzon -
Massmart JSE-listed South African branch of Walmart and owner of Game, DionWired and Makro stores, reported a $110 million turnaround in its profits in 2019, plunging to a net loss of $55 million. By all accounts and measures applied...
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Artificial IntelligenceMamsi Nkosi -

How can AI Technology Drive Retail Risk Management in SA

The retail industry in South Africa is currently grappling with significant challenges, particularly as consumers experience economic strain following...
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