The 8/17 presentation has a chart on page 5 that shows the distribution center stock on hand. Did anyone hear on conference call any explanation for why the final data point for end of June took a dive down?
On page 10, they are targeting a date of August 2011 to have the distribution center fully service Northern stores. Does anyone here know whether that distribution center services any Southern stores, and how were they impacted by the DC impairment?
Page 11 discloses that capex spending is down. I would have expected it to be up including the distribution center rebuild. It looks like they are reducing spending at the store level. Does anyone know what specific activities they are postponing and what kind of impacts those might have?
The bad news looks like it is all out here. That leads me to ask is most of the decline here because of general retail conditions in Australia, and not because of the unique distribution problems of TRS?
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