Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,080
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- 20,440
wow (probably not the right exclamation)
some aspects are better than the big supermarkets:
.
so hardware must be a frightmare.
"As noted in the Company’s prior trading update (period to 8 Sept 2024), the external market for the Independent Hardware Group (IHG) continued to be very challenging with Trade activity softening even further. It was also noted that retail store margins in IHG were facing pressure due to the impact of lower volumes on fixed costs. Since that update, there has been additional margin pressure in retail stores in September and October, particularly in Trade due to further sales weakness. This weakness in retail store sales has been offset by lower-margin wholesale sales.
"Metcash is responding to the weaker trading conditions in Hardware by implementing additional cost management initiatives and accelerating its strategic initiatives to drive market share gains in both Trade and DIY. Cost initiatives have included a strong focus on all business expenditure, particularly labour, where there has already been a material reduction in hours. The Hardware business remains ideally positioned to capitalise on any increase in market activity levels.
"All the Company’s recent acquisitions are performing as expected and remain on track for delivering targeted synergies."
.
"To fall over a cliff once may be regarded as a misfortune; to fall twice looks like carelessness."
some aspects are better than the big supermarkets:
.
so hardware must be a frightmare.
"As noted in the Company’s prior trading update (period to 8 Sept 2024), the external market for the Independent Hardware Group (IHG) continued to be very challenging with Trade activity softening even further. It was also noted that retail store margins in IHG were facing pressure due to the impact of lower volumes on fixed costs. Since that update, there has been additional margin pressure in retail stores in September and October, particularly in Trade due to further sales weakness. This weakness in retail store sales has been offset by lower-margin wholesale sales.
"Metcash is responding to the weaker trading conditions in Hardware by implementing additional cost management initiatives and accelerating its strategic initiatives to drive market share gains in both Trade and DIY. Cost initiatives have included a strong focus on all business expenditure, particularly labour, where there has already been a material reduction in hours. The Hardware business remains ideally positioned to capitalise on any increase in market activity levels.
"All the Company’s recent acquisitions are performing as expected and remain on track for delivering targeted synergies."
.
"To fall over a cliff once may be regarded as a misfortune; to fall twice looks like carelessness."
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