Originally Posted by
percy
A very positive well conducted meeting.
Speakers spoke well,and certainly know the business.
James Glasson was interesting to listen to.Plenty of opportunities for growth in Australia.I like their measured approach.ie the figures have to line up before they sign on the line for new leases.
New Sydney distribution centre will be operating in February.Will be able to handle store and online growth.
Online sales growth is expected to continue.Being driven by Glassons,and particularly Glassons Australia.
I expect Glassons Australia to overtake NZ in the not too distant future,before accelerating away.
I also note HLG logistics are extremely well organised.This means stock is fast coming through the system,which must help margins,as the can clear stock quickly.