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Pick n Pay & Virgin Active shutting down stores should be a wake-up call for mall owners, says expert.
Manage episode 489708397 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
GUEST - John Jack, CEO of Galetti Corporate Real Estate
Pick n Pay’s strategic downscaling marks a turning point for the South African retail sector. Under the leadership of returning CEO Sean Summers, one of the country’s largest retailers is undergoing a significant ‘back to basics’ reset, which includes the closure or conversion of more than 100 underperforming stores and the closure of more than 30 stores to date. “They’re not just downsizing for the sake of it,” says John Jack, CEO of Galetti Corporate Real Estate. “This is about cutting back to the core and building a leaner, more profitable machine that can actually respond to where the market is now and not where it was five years ago. Kaya FM
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Pick n Pay’s strategic downscaling marks a turning point for the South African retail sector. Under the leadership of returning CEO Sean Summers, one of the country’s largest retailers is undergoing a significant ‘back to basics’ reset, which includes the closure or conversion of more than 100 underperforming stores and the closure of more than 30 stores to date. “They’re not just downsizing for the sake of it,” says John Jack, CEO of Galetti Corporate Real Estate. “This is about cutting back to the core and building a leaner, more profitable machine that can actually respond to where the market is now and not where it was five years ago. Kaya FM
174 episodes
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Manage episode 489708397 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
GUEST - John Jack, CEO of Galetti Corporate Real Estate
Pick n Pay’s strategic downscaling marks a turning point for the South African retail sector. Under the leadership of returning CEO Sean Summers, one of the country’s largest retailers is undergoing a significant ‘back to basics’ reset, which includes the closure or conversion of more than 100 underperforming stores and the closure of more than 30 stores to date. “They’re not just downsizing for the sake of it,” says John Jack, CEO of Galetti Corporate Real Estate. “This is about cutting back to the core and building a leaner, more profitable machine that can actually respond to where the market is now and not where it was five years ago. Kaya FM
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continue reading
Pick n Pay’s strategic downscaling marks a turning point for the South African retail sector. Under the leadership of returning CEO Sean Summers, one of the country’s largest retailers is undergoing a significant ‘back to basics’ reset, which includes the closure or conversion of more than 100 underperforming stores and the closure of more than 30 stores to date. “They’re not just downsizing for the sake of it,” says John Jack, CEO of Galetti Corporate Real Estate. “This is about cutting back to the core and building a leaner, more profitable machine that can actually respond to where the market is now and not where it was five years ago. Kaya FM
174 episodes
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Similar to Kaya Biz
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