Stuttafords will shut up shop on 1 August.
The iconic giant could not evolve.
What do we learn from this?
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Arguments are often why family-owned businesses don’t make it to the second generation.— Pavlo Phitids, Aurik Business Accelerator
Stuttafords had a great business model.— Pavlo Phitids, Aurik Business Accelerator
They created a wonderful experience. But things have changed.— Pavlo Phitids, Aurik Business Accelerator
Stuttafords is South Africa’s Kodak.— Pavlo Phitids, Aurik Business Accelerator
Focussing on a niche lends itself to a very successful click-and-mortar business.— Pavlo Phitids, Aurik Business Accelerator
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