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clock Created with Sketch. 19/06/24
17:16
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Originally posted by Azimut86s:
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I know Booktopia intimately, and I can say that neither Amazon nor (the lack of) overseas book buying had anything to do with Booktopia's demise. Nor did the lack of direct sales of education books. In FY21 Booktopia delivered $12.8m in EBITDA. Amazon was already operating in Australia and Booktopia was receiving weekly airfreight consignments from the USA and UK. It was operating smoothly and profitably. How do you think it made $12.8m?
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Totally agree. You are spot on. Alot of customers left the business during the transition from CFC1 & CFC2 to CFC3as this caused stock shortages and delays. Also alot of stock went missing and damaged during this period. The mystery was why that 3rd warehouse was started up and caused alot of waste in the stock.
(20min delay)