retail news in context, analysis with attitude

• Walmart Canada said yesterday that it plans to “implement a record number of price Rollbacks this year to help meet the needs of the growing range of value-focused customers across Canada.” The retailer said that there will be “more than 100,000 individual price Rollbacks in 2011, crossing all major categories from groceries to general merchandise. Combined, these Rollbacks are expected to translate into customer savings of more than $55 million over the course of the year.”

Walmart Canada currently has 325 stores in that country.

Reuters reports that “South Africa's main retail union said it will picket the offices of the country's competition watchdog, demanding it block Walmart's plan to buy local chain Massmart, or attach tough conditions.

“South Africa's Competition Commission recommended last month that the world's largest retailer's plan to buy Massmart, South Africa's third-largest listed store group by value, and which owns chains such as Game and Makro, for more than $4 billion.”
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