Also heard, and also confirmed, that they recently appointed a new sales manager to head the new push into Vietnam of all places! Seems like they’re clutching at straws trying anything to boost sales. Seriously, who’s going to buy $30-$40 tins of infant formula when their average wage hovers around US$10 per day? I’m absolutely gobsmacked at the apparent lack of understanding and directionless leadership of this company.
Also heard, and also confirmed, is that US sales have peaked and now remain stagnant at the current levels.
And before anyone asks, NO I will not divulge how I know all this, who I know, or even who I am. All you need to know is Iamanonymous.
What the current board absolutely NEEDS to do is absolutely saturate the media HERE in AUSTRALIA to boost their sales and make BUBS a truly well known and respected infant formula company here FIRST before even thinking about overseas markets. They are barely breaking even shipping overseas. How many of you have actually seen any BUBS advertising? Little to none. And then they wonder why they aren’t selling! Seriously, I can run this company better.
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