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Massmart trading update

Massmart cracked a sales update that surprised the markets, "total sales increased to R78.2 billion, representing total growth of 10.4% over the prior 52 week period, with product inflation estimated at 4.8%." Massbuild, the Builders Warehouse stores, increased 14.6 percent. People love that place, long queues, people getting stuff that they don't need. I am kidding, the warehouse model works really well. Masswarehouse, the Makro brand, increased 11.9 percent, it seems that the higher end element of their stores have done better. Results around the 26th of February. The stock traded positive on a day that the market got thumped, there has been an element of PE unwind, since all the retail stocks peaked at the beginning of 2013, since then it has been tough going.


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