Massmart to open 23 new stores over eight months
Johannesburg, South Africa — A Bloomberg report on Sunday said that Massmart Holdings Ltd., the South African retailer controlled by Wal-Mart Stores, Inc., will open 23 new outlets over the next eight months, part of its plan to not only expand its coverage area but also to add jobs in the region. The plan calls for 15,000 jobs over the next three years.
The retailer also said it will repeat a price-cut promotion at its stores.
Massmart reduced prices for 10 weeks starting in July, shortly after Wal-Mart’s acquisition of a controlling stake was approved by South African authorities.
Walmart, T-Mobile team to introduce no-contract wireless offering
Bentonville, Ark., and Bellevue, Wash. — Walmart and T-Mobile USA, Inc. announced Monday that T-Mobile will launch a $30 unlimited web and text monthly 4G prepaid service plan to be sold exclusively in-store at more than 2,200 Walmart stores and online at Walmart.com and T-Mobile.com.
The new plan is slated for an Oct. 16 launch.
In addition, Walmart is increasing its line-up of T-Mobile phones to six, including the addition of Walmart’s first 4G prepaid handset.
“Walmart is proud to offer our customers fast and affordable mobile options, especially as texting and social networking become a regular form of communication,” said Seong Ohm, SVP entertainment for Walmart U.S.
Children’s Place names global sourcing exec
Secaucus, N.J. — The Children’s Place Retail Stores, Inc. said Friday that it has named Peter Warner as SVP global sourcing, for the chain.
Warner will be responsible for the global sourcing and production functions, technical services and Asian operations. Most recently, he served as SVP of Global Sourcing & Operations for Liz Claiborne Inc.