Pingo Posted January 16, 2014 Share Posted January 16, 2014 Ooof. GW relased their half-year report. Earnings way down, profit way down, and their stock just tanked. We may not have them to kick around much longer. Hmm. No dividends per share this time. That's new. They did say ... During the first half, the rapid transition from multi-man stores to one-man stores and the reduction of trading hours across the Group caused disruption in our retail chain. We also experienced some decline in sales through independent stockists. We view these as short-term issues and expect to see growth return in both channels. We continue with our store opening programme (27 stores opened, 20 closed in the period) secure in the knowledge that our one man model allows us to ensure new openings are profitable. ... The annoying thing is they have generally made quality products (the finecast fiasco and certain aesthetic considerations notwithstanding); it's only their prices, their corporate policies, and their draconian and slightly dodgy protection of what they say is their intellectual property which makes them so unsavory to deal with. 5 Quote Link to comment Share on other sites More sharing options...
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