RE: Made.com26 Oct 2022 11:54
Sadly your logic could not be more wrong , we are in the golden quarter which is traditionally the most profitable and in some cases the only profitable quarter of the year for retailers.
The last thing you want to do at this time of year is cut your margins , just take a look at Next.
Matalan are going into administration after failing to find a buyer , Wilko are on the verge of a CVA due to failing to find adequate finance . Joules is not immune from these problems and the only way they will survive is to go into administration, clear their debts and then Tom can buy back out of administration debt free and handpick the best stores .
Made.com has £30 million in cash , no debt , no onerous leases , 1.3 million active customers but could not get financing, what chance has Joules got !
I hope I am completely wrong but I fear this will be another share where small investors end up with nothing.