Now that the 4C is out I will clarify. The Broadway stores were bought with a higher average turnover than the AUMake stores. The overall average turnover of all stores has increased, i.e. both Broadway and AUMake. That is a great result. Secondly inventory turnover is about 7 times. For comparison Kogan is about 6, other retailers much less. One reason is as mentioned by the company they sell on consignment and also online.
There is a lot this company is doing right.
Ann: Material Trading Update, page-60
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