MassmartReuters reports that Massmart announced on Thursday that it had decided to close all of its non-performing stores, as cash-strapped consumers battle with high unemployment, modest wage increases and higher average fuel and utility prices.  

Massmart, majority-owned by Walmart, said management would close trading at 23 Dion Wired Stores on 19 March and would decide whether to cease trading at 11 Masscash stores.  The company indicated that it would continue talks with labour unions on measures to mitigate job losses and look at moving affected workers into vacant roles in other stores “where practical and reasonable”.

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