Walmart To Launch First Branded Stores In South Africa, But Retail Investor Buzz Fails To Follow
Africa later this year as part of its international expansion strategy. The company stated that with sites already in development, these new stores are set to open before the end of the year, with official opening dates to be announced in October.
Retail sentiment on Walmart remained unchanged in the 'bearish' territory, with message volumes at 'low' levels, according to data from Stocktwits. The retail user message count on the stock jumped 300% in the last 24 hours on Stocktwits, as on Tuesday morning.
“Walmart's South African stores will offer a wide range of merchandise, including fresh groceries, household essentials, apparel, and technology. Walmart also will offer a variety of locally sourced products,” said Kath McLay, Walmart International President and CEO.
Walmart's international division has shown steady growth in recent quarters at a time when consumers in its main American market are turning cautious about purchases due to the Trump administration's tariffs. In August, CEO Doug McMillon stated that the company has observed adjustments in middle- and lower-income households compared to higher-income households.
McMillon then noted that the costs are increasing each week as the company replenishes inventory at post-tariff price levels. He added that the company expects the cost increases to continue into the third and fourth quarters.
Walmart shares have gained over 13% this year and have jumped nearly 30% in the last 12 months.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Nutritional Bar Market Size To Expand At A CAGR Of 3.5% During 2025-2033
- North America Perms And Relaxants Market Size, Share And Growth Report 2025-2033
- Primexbt Wins Global Forex Award For Best Multi-Asset Trading Platform
- Smart Indoor Gardens Market Growth: Size, Trends, And Forecast 20252033
- Excellion Finance Scales Market-Neutral Defi Strategies With Fordefi's MPC Wallet
- Japan Green Hydrogen Market Size To Reach USD 734 Million By 2033 CAGR Of 27.00%
Comments
No comment