(please note I am not cross promoting. I have no position in TPW. It is a retailer with clues on the broader industry)
The pleasing news is that we have now begun the trajectory back to growth, and Q2 (QTD: 1st Oct to the 27th Nov) is only down 3% vs the same period last year and the month of November (1st Nov to the 27th Nov) is running slightly ahead of November last year. This is a good sign as this month is usually our busiest sales period due to Black Friday, suggesting a return to double-digit growth during the financial year.Inventory levels remain strong across both our drop-ship network and our own private label range, and deflationary signs are appearing on both factory and container costs.
ADH Price at posting:
$2.27 Sentiment: Buy Disclosure: Held
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