In the 12 months of us working on a strategy to bring @DRIP_rsa back, we engaged a lot of retailers to sell our products in, instead of us opening our own.
One thing i can tell you is, we need young people to tap into retail. And we also need young people to start brands that focus on the Low-Mid markets.
With our brand (Drip) we were more Mid-High. But we need Low-Mid brands. A youth owned brand that can sell a shoe for R399 or R599.
NEW CEO COULD GET R100M
Woolworths has offered incoming CEO Sam Ngumeni a massive R100-million share incentive, but there is a catch...
To collect the full amount by 2031, he must double the current share price and deliver huge profit growth. This "all-or-nothing" deal is rare in South Africa because it requires a total turnaround of the company's recent performance.
Unlike the previous boss, Ngumeni will only get paid if he hits these tough financial goals.
With 30 years at the firm, the board is betting he can return the retailer to its former glory and reward shareholders.
Full details - https://t.co/7CooWyS5SO