Interesting long interview of Anthony Scali on Live Wire...

Interesting long interview of Anthony Scali on Live Wire today.

Some elements :
- the growth of the furniture market is driven both by the population increase and the fact that people replace their sofas more often,
- the customers' perception is that their stores are more premium than what they really are. So customers are positively surprised when they come to Nick Scali stores, as prices are more competitive than expected,
- A.Scali does not want to accelerate the growth (even if there is a large potential to open more Plush stores) as they need to wait for the right opportunities to open more stores,
- A. Scali confirms that he is very interested by the UK market, as it is very similar to the Australian and NZ markets. It will be via acquisitions. Now, it is the right time to do it. The company could use his existing suppliers. Average store sales are twice the level of Australian stores, due to the higher density;
- regarding Australia, A. Scali remains optimistic due to wage increases, low unemployment and the fact that people are OK despite several increases in interest rates.