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14:01
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Originally posted by hurmeez:
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My interpretation was that Temple & Webster intends to become Australia's leading homewares retailer (ie bigger in sales than any bricks & mortar retailer, any multi-channel retailer or any online-only retailer in this category). Online retail represents over 75% of Williams Sonoma's sales (a US homewares retailer established way back in 1956 with a chain of retail stores, and today its online channel), which by extension means that online will one day represent most of total sales. If T&W continues to build its online market share it will also become the largest retailer in the category in due course. Big ambitions, but the right one!
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That makes sense. Good point, I didn't think of it like that.
(20min delay)