Yes - and no.
Not all sales are equal with the percentage "off" varying and usually applying to specific types of goods. But it seems to be a successful strategy for growing sales and profits so no complaints here, either!
;)
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Yet another record profit!
:)
How many years has it been since they didn't have record growth in sales and profit? So boring! :)
I see another big retailer is struggling. Perhaps they need to attend night classes taught by Mr Rod Duke? LOL
Yes, I've been in since the IPO and can't remember any disappointments. But then, there's a lot of things I can't remember these days!Quote:
How many years has it been since they didn't have record growth in sales and profit? So boring!
:)
Yes, I've been in since the IPO and can't remember any disappointments. But then, there's a lot of things I can't remember these days!Quote:
How many years has it been since they didn't have record growth in sales and profit? So boring!
:)
And I repeat myself.
;)
The fact that there's been no acquisitions reflects the company's - ie Rod Duke's - view that there isn't any retail business worth buying out there, at least at a sensible price. A commentary on the difficulties facing retail generally?
Whatever Rod's doing, it's still working!
http://www.nzherald.co.nz/briscoe-gr...ectid=11444132
:)
I like how The Warehouse gets a subtle mention :)
"For a few years I think people have been satisfied with cheapest price, poorest quality and I think they've grown out of that now because very often when you operate in that category, your busiest department is returns," Duke said.
"I think customers' perception of value changes over time with poor experience and I think for at least the last six or seven years we've enjoyed extraordinary growth compared to some of our peer group."
Rod's ASM speeches are almost as inspirational as Warren Buffett's ones, well almost
A must read
https://www.nzx.com/files/attachments/212966.pdf