The CEO of the world's largest bricks-and-mortar retailer, Walmart, Doug McMillon, is 51. Jeff Bezos, the founder of the largest e-commerce platform, Amazon, is 54. Between them they have spent almost 28 years at the helm of these two retail behemoths, just a year more than Michael Mark's tenure as CEO of Cape Town-based Truworths. Mark, 64, has been at the helm of Truworths for 27 years and counting; he has been placed on a six-month contract until the South African retailer finds a replacement, supposedly an internal recruit. Although it's rumoured that the group may give Mark another two years in charge, to perhaps salvage what's left of the ageing retailer, the facts about Truworths' strategic blunders are embarrassingly obvious. Since the opening of H&M's first store at the V&A Waterfront in Cape Town in 2015, Truworths' share price has declined as much as 20%. This year alone, the share price is down 17.19%,with six Bloomberg analysts calling for investors to sell the stock. H...
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