RE: RNS - Trading Update18 Aug 2020 11:40
Well, GAW have shops on the high street and sell stuff but you are exactly right in terms of their main profit arm though. If only MKS were that forward thinking and developed their online strategy 10 years ago...................... like NXT.
Area Managers to Board over last 25 years - "NXT have modern clothing lines and are taking cheap out of town locations and spending a fortune developing their online sales. Can we do this please??" Board - "No - let's sell terrible clothes to pensioners from expensive high street locations - it's all we know!!"
NXT up 200% (was 300% and will return to that soon enough) and MKS down 65% in last 10 years.
People may see a bounce here but come back in 3 years and show me the dough compared to NXT, GAW, BOO, ASC, SMWH etc.