I don't think these guys are ex-growth. Maybe they've opened a few too many stores too fast, but that'll get digested over time. They know how to sell cheap cr@p and it's unlikely that has changed. Wouldn't buy at this price and don't hold.
Well today it's being sold that way. Took every retail stock down with it as well. Supercheap first, TRS second... the next will be? (JBH is my guess)
anyone still keen on it?
I'm kinda surprised that JBs strong results today did not have a positive effect on TRS.
If JB is OK this is OK.
However, being down on a Monday after huge sell off on a Friday is not good, though it did start the day off more positively after a negative lead in general.
It aint dead yet and a hard reversal will be on, if the new shops click up a gear or two.
Looking for volume coming in and it has been on the short lived reversals today.
I'll wait to see the detail of JBH's result, because I'm wondering how much of the margin uplift is just from them selling higher margin white goods through JBH Home.
May be... but that's not really a problem though, is it?
May be... but that's not really a problem though, is it?
I think JBH got sold down today on the back of some analysts (from Credit Swiss I think) relating the poor performance of a US electronic retailer to the future demise of JBH.
I'm kinda surprised that JBs strong results today did not have a positive effect on TRS.
If JB is OK this is OK.
Something that came out of the left side field which TRS havent account for is K-mart
they are killing TRS in major shopping centre...Kmart sell stuff way cheaper than TRS ...
and kmart now stocks similar stuff to the TRS ... I doubt TRS has the ability to counter kmart price without sacrificed margin and profit hence the need to focus on major shopping centre ...
in all major mall where there is a TRS shop there is Kmart.
Kmart is my destination of choice for cheap and cheerful stuff, they under cut anyone what sell anything similar to them even the ever popular lego.
Guy Russo is Managing Director of Kmart, read up on him, not many people goes head to head with him and win, he is the KING of discount and volume...Since he took over Kmart it has a remarkable turn around...
Another profit downgrade, still blaming customer not spending and sentiment
nothing about competition eating into their market
a judge of good management is not in good time but when you have issues and you are being frank and honest and acknowledge you have issues.
Seems the sector has chronic issues.
http://www.thebull.com.au/articles/a/47431-jobs-to-go-as-retailer-shuts-down-stores.html
AGM announcement has said that since the release of results they have been fairing much better, comparable store sales for the last 2 weeks have been "flat". You know business is tough when your stoked about getting back to even.
I don't really have much to add, I just wanted to voice my opinion on their latest tv ads: awful.
Even my partner (who watches advertisements without the lenses of a business analyst) said "that is just wrong...what's with the song!!!".
I hope, for investors sake, the new leadership has something better up there sleeves than this 'revamped' marketing campaign.
I don't really have much to add, I just wanted to voice my opinion on their latest tv ads: awful.
Even my partner (who watches advertisements without the lenses of a business analyst) said "that is just wrong...what's with the song!!!".
I hope, for investors sake, the new leadership has something better up there sleeves than this 'revamped' marketing campaign.
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