Originally Posted by
Balance
Revamping and repositioning can work.
Observation is that it tends to work when it is done quickly and comprehensively (as in Smiths City and Farmers) or when there's not much real competition (KFC). Contrast Pizza Hut's revamp with that of KFC - not that much competition in the chicken space but heaps in pizza.
WHS's revamp and repositioning are being done piece meal amidst fierce competition from Briscoes, Bunnings, K-mart, 2 dollar stores, online retailing etc.
Market is saying that strategy will not work and end result will be reduced profits, reduced dividends and higher debts.
Tindall should have sold to Woolworths and redeploy his funds and energy to global online retailing.