Retail has been revealed as the most miserable industry to work in, according to a new study on attitudes towards bosses. The study, commissioned by Expert Market and facilitated by independent survey company Vivatic, quizzed 2200 people about their relationship with their managers to determine the industries with the worst bosses. Just over half of respondents – 52 per cent – said that they hated their job specifically because of their boss, and one in 10 said they imagined killing them.
The company's CEO Brian Cornell dismissed the notion that he should have either Amazon or Walmart in his peripheral vision, saying, “We’ve got to focus on our game plan.”
Superdry and Game have both announced the imminent departures of their chief financial officers. Superdry’s finance boss Nick Wharton, who has held the role since 2015, has announced his retirement from the fashion retailer
Game hailed a return to growth for the first time since 2015 thanks to continued cost saving measures and the launch of popular new consoles. Ahead of its annual general meeting later this month, Game revealed a 5.2 per cent rise in group gross transaction value (GTV) in the peak trading period during the 9 weeks to January 6.
Game has posted revenue and profit losses for the full year as it continued to struggle with “structural headwinds” and the transformation of its core business. In the 52 weeks to July 29 the video game retailer saw a 3.6 per cent decline in revenues to £782.9 million compared to 2016. Group gross transaction values also fell 2.4 per cent despite a 6.6 per cent boost in the second half of the year.
What brought about the partnership with Budgens?
Almost one-third of British retailers fully anticipate Britain’s exit from the European Union will have a negative impact on business, according to a survey.
Modern commerce brands are changing the game and marketers need artificial intelligence, writes Brian Solis of Altimeter.
Game’s overall group sales edged up by just 0.1 per cent last year, driven by an improved performance in its second half. In its full-year fiscal period ending July 29, the video game retailer’s UK sales were down by 6.8 per cent, but this could’ve been worse had it not been for the 8.8 per cent uptick in sales it experiences in the second half
Price cuts and store improvements have helped Asda achieve its first rise in quarterly like-for-like sales in three years. Despite the slump coming to an end, the Big 4 grocer was still seeking to cut costs – which includes the thousands of redundancies it announced last week.