They understand it's a failing business model and I only worked there while at university to better my chances of making a living in the UK in 2023.
I get satisfaction that Currys a business is hit with high retail rental costs and the current chief executive has just had a meltdown over the UK minimum wage increasing. The retail model their business model is a failed 2002 retail consortium plan which essentially involves selling the customer product then absolutely rinsing them with additional add-ons, what the industry will call extended guarantees but are not backed by the FSA. This allows pressurised staff to sell what we will call extended warranties with no repercussions as it's not illegally binding agreement.
This Cavalier attitude to retail is why the share price is collapsing and they are on there third chief executive in less than 5 years.
I feel for staff the most who rely on this as an income, I feel for the UK taxpayer which tops up most of these retail workers sallery in working tax credits.
I'm potentially going to write my degree paper on Dixon's retail (Currys) on it's failure to adapt to modern business practice.
