Massmart says it lost out on R2.3bn in liquor sales in April and May

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The retailer says total sales for the 23 weeks to June 7 fell 10.3% year on year, but it is continuing its organisational shake-up

, which has brands that include Makro and Game, says SA’s Covid-19 lockdown resulted in about R2.3bn in lost liquor sales in April and May.

The group said in a trading update that it expects its headline loss per share for the 26 weeks to end-June 28 to be at least 50% worse than the headline loss per share of 364.7c previously.Sales from its SA stores amounted to R31.3bn, 11.5% lower than last year.

 

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