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Blackmores, page-26

  1. 596 Posts.
    Blackmores was a market darling because it had a massive increase in profit driven by daigou shoppers (Chinese people shopping in Australia and on selling in China). Then prices for their product dropped in China because of increased competition: Daigou shoppers no longer made a profit and stopped buying. The Company has now switched to selling directly to shoppers in China.

    If Sma sells Blackmores products from its web site then it will pick up a fee for doing so: in addition it has the capacity to pay Blackmores in Australian dollars for sales made in China (another fee?).

    I have no knowledge of Blackmores products being sold on Sma web sites (other than as mentioned in posts above) but given that Blackmores is a significant supplier of vitamins etc and gains 20 percent of its revenue in China it would be a boost to Sma's drive to facilitate Aussie sales in China.

    It was announced earlier that Blooms (another Aussie vitamin company) had been included on Sma's list of Aussie companies but since then more and more companies have been added and it may be that the Company (SMA) is no longer announcing individual gains.
 
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