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Massmart 19-week sales rise 8% on eased restrictions

20th May 2021

By: Reuters

  

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Retailer Massmart said on Thursday its sales during the 19 weeks ended May 9 rose by 8% due to the easing of coronavirus-related trading restrictions.

Sales for Massmart, majority owned by Walmart Inc, came in at R30.5-billion, with comparable store sales up by 8.4%.

Sales during the same period in 2020 were hit as a result of stricter lockdowns from late March to April 30.

Massmart said while the continued easing of restrictions led to slightly better trading conditions during the 19-week period, sales were still impacted by a ban on liquor trading in January and over the Easter Weekend period in April.

It estimates the impact of restriction on liquor sales to be around R770-million compared with a year earlier, saying its Makro and Cash & Carry wholesale and retail businesses were mostly hit.

Edited by Reuters

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