Game a major contributor to Massmart’s R1.3bn loss
Game has inherent weaknesses such as its huge store sizes and high rents
27 February 2020 - 08:19
UPDATED 28 February 2020 - 05:10
Game was a major contributor to Walmart-owned Massmart’s R1.3bn loss in 2019, adding to mounting pressure on CEO Mitchell Slape to save the ailing big-box store.
In January, Slape, a Walmart insider of 25 years, along with Game MD Andrew Stein, outlined plans to revive the brand by cutting fresh and frozen food, and music; improve customer service and stock management; and sell more in-demand goods...
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