Author: admin | Category: Technology | Tags: The warehouse promises to make online changes to avoid digital threats like Amazon
Amazon has been a driving factor in the Heroes Digital Change, which chairman of the Young Inner and Group’s Chief Executive Nick Grohstein told her at the annual meeting in Auckland today.
“We are going on a unique change in the company’s history, and we believe that we will be good to compete with Amazon.”
“The warehouse is passing through basic change, especially to ensure that it remains relevant and competitive in the future.”
Retail sales share has fallen nearly 30 percent a year, its stock is less than $ 3 last year, its last trading was $ 2.04.
He said that there was a serious concern in the company’s lack of market share.
“Globally, retailers are siege and only those who are the most favorite and who have succeeded in making the necessary changes to compete today’s customers.”
Despite a background, retailers’ price declined to $ 2 billion in this month after the announcement of Amazon’s arrival in Australia, both the board and management team recognized the cost of $ 2 billion. The business has not been the option of routine or extra change. .
Under the leadership of Greenstone, in December 2015, was taken from Mark Pav, the warehouse eliminated the complexity of a three-year strategy and the cost of an ineligible operating model and the company’s physical impact to support digital Prepared to bring profit from. Business.
Greeton acknowledged that there was a challenge for the 2017 retailer, but he said that he was well kept to bounce back.
Grantston said, “As a major retailer facing the rapidly changing consumer landscape, these challenges have ended.”
“I encourage the warehouse group’s potential role. I do not reduce the capability of the future to be sustainable in the future.”
In September, after the removal of a large-scale business, Ward House increased 73.9% in the annual net profit after tax year. Net profit adjusted by tax was $ 59.2 million, compared to $ 64.1 million in the previous year 7.7%.
In his speech in acquisition of shares, Grayston said that the company’s strategy of strategy will help deal with digital threats.
“The world is changing at a possible speed and is creating a complete set of expectations of customers.
“The face of new competitive threats online and online based on foreign-based players, it has become clear that continuous continuity on this business model will produce similar results … not changing the risk of change. The risk of being more. ”
In a recent offer to the investors, the company highlighted the fact that the New Zealand E-commerce market has increased by an annual rate of 14%, but the local competition with lower launch of eCommerce launches as well as global players Was hot
The warehouse is now using artificial intelligence, as a way to improve customer experience, to improve shipping innovation as a challenge delivery trial and investigation in Nail Lamming.
Individuals said the retailer has acquired a major international executive expert so that it can help and the recently launched Global Management Consultancy Mechanics and Company helped implement this strategy. “The market which is more confident that we are planning for the results, will be provided.”
Founder and director of the scope of the House, Sir Stephen Tindall, was not the annual meeting and was on a one-year holiday of absence. Her son Ruby Tendall stands as an alternative director.
25 Nov 2017