More retailers are seeing a struggle and heading for closure.
Massmart Holdings could soon be closing a number of its Dion-Wired outlets and other stores here in South Africa.
The Holdings company could cut up to 1,440 jobs with about 34 stores that could close down. According to Reuters, the retailer has started consultations with unions and other stakeholders following a review that a number of outlets were underperforming.
“A total of 34 Dion-Wired and Masscash stores and approximately 1 440 employees are potentially affected by this process. ”
Dion Wired is popular for selling appliances, electronics, gaming gadgets and smartphones.
Massmart is home to know retailers like Jumbo Wholesale, Cambridge Food, Express, Game, Makro, Builders to name a few.