Member Info for esecallum

He said in a press statement in 2018 he will NOT BID.

Also Mike Ashley will NOT. He confirmed he prefers to throw things of a cliff and assemble the parts he wants.His history also confirms it.

Debs need to do some hard work instead of drifting along.They need to compactify their stores.Do you really need floors 4 and 5 and and pay business rates of hundreds of thousands of pounds per store.Very stupid.Instead of having 3 billion turnover and zero profit.Hve a more manegable 600 to 800 billion turnover and make a hundred million profit.

They need to fire all the middle management and incentavize the local store managers to show profits for every store.
If every store only made a profits of only half a million .That would be 80 million. Excluding the norway store.

I showed in the below post this can be done easily.

Also Mike Ashley will not bid. He confirmed he prefers to throw things of a cliff and assemble the parts he wants.

Surely Debs are excluded from business rates relief as they are too big?

Also Mike Ashley will not bid as some have said he confirmed he prefers to throw things of a cliff and assemble the parts he wants.

It would be best if Debs focused in reducing rent costs and improving margins.

It is claimed they are doing 3 billion turnover. All they need to do is fine tune the margins by 0.1 % to get a decent profit and pay off debts.My figures below show just firing just 5 employees per store would save 18 million.
Nearly half the profit they made last year. Firing 10 employees would save 36 million.

They need to tell landlords the present position is untenable and they must negotiate the leases.Every store manager needs to be doing since yesterday.They should do some arm twisting as they are being too nice.

An idea what happened to the 70 to 100 million odd profits in the last few years they made.Where did they go?

Debs are in debt by 300 million so the share price is very low 3p but could someone explain why Tullow oil and Premier oil have debts of 2 BILLION and 3 BILLION each and they don't seem to be worried and their prices are 220 and 70 pence respectively.

It would seem a bigger debt is better.

Debs made 33 million profit last year.30 million due to Norway. Forget Norway profit.So 3 million divided by 180 stores profit per store is 16000 which is very bad and borderline. All they have to do is fire 5 employees per store which equals a saving of 100000 per store as each employee costs about 20000 so will boost profit to 18 million.

Next cut rent costs by negotiation by 10% at least this will save from 4.3 billion = 43 million.

Next reduce store temperature by 3 degrees this will save 40000 per store this saving 7 million energy bills.

Improve margins by 0.1% by smelling what sells and focusing on higher margin products.Also instead of selling high volume at low price focus on selling lower volume at higher price.

Next reduce floor space and save on business rates.Even a small reduction could save 4 million.Every store manager needs to be pressurized to produce these cost savings.

Also cut down on pointless admin jobs.Using the above measures a boosting of profits by 70 million excluding the Norway profits. Simple.