Not for the long term20 Dec 2017 19:08
I’m out today with some misgivings. After jumping in on the profits warning in August and watching a large red blob until recently, I have decided to take a modest 4 figure profit and bail. Never really one for investment in retail, I like the Company and how they have survived the internet onslaught and hope they continue to prosper. I just think in the long term, this is not a business model that will grow and the pressure will always be on to cut costs, close stores, etc. The physical stores are also hugely expensive and this will mean selling lots of widgets just to stay afloat in a domestic economy that is uncertain to say the least. I hope I’m wrong and I will continue to buy some stuff from them in preference to devil spawn Amazon, but I won’t be investing and I’m out. Good luck to all who keep the faith.