news report and broker info, page-40

Sidefish, 'they haven't even finished identifying what to axe'?

Mate, give new management some time to work stuff out. So far Inman has stated:

She is going to slash 15% of the company's styles. Why? Because about 22% of them deliver 80% of sales. She will cut suppliers by 35% because 85% of purchases are generated by 19% of suppliers.

The company has already closed 58 stores, reducing store numbers to 634, and intends to close another 82 in the current financial year.