RE: Tough trading29 Sep 2018 13:54
Seb was great, he lead the merger and lead a programme works to reinvigorate the Dixons estate, all stores are trading above expectation. In the last 12 months, the property leadership team have steered the business in turbo mode, opening a multitude of new stores in Uk and Ireland along with being substantially under budget, utilising methods similar to those of coles (Aus). This team was a finely oiled cog in a spring of a watch known as DC.
Estates and Maintenance do a splendid job, once Thurrock mega store opens you shell see - Fusion98
the deal done there to secure the site is nothing short of a miracle!
According the the values I believe in, Baldocks first mistake has been restructuring the board of directors, most are inept with no experience in electrical retailing, several experienced directors are leaving who SHOULD be on ExCo board, they will soon be snapped up by other businesses in FTSE 100.
Mark my words, with Baldock in charge (Who has no experience in managing a company with a real estate) within 12 months the company will fold.- well I hope anyway.
Good residence,
Rant over!
Have a fabulous Saturday guys