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Ann: Presentation , page-6

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  1. 1,233 Posts.
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    We had 1198 units sold in the China stores to the end of August.....and roughly 1800 by end of Sept.

    So thats say 600 in Sept - the 4th store was opened mid Sept - so say 600 units from 3.5 stores equivalent - ie about 170 units per month per store.

    (some of my previous calculations/guesses had annual store sales closer to 3,500pa - so was way over current indications)

    So with 2014 in mind - 10 stores at 170 units per month = 1700 per month or 20,000 per annum....or 2000 units per store per annum.

    Target is 10 stores open by end of 2013 with more in 2014.

    IMO - not going to set the world on fire unless 30+ stores opened or volume per store is above the 2000 units pa calculated above.

    sents




 
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