23 - VHS, 'Interim Results, Analysts Presentation & Press Coverage'

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23 - VHS, 'Interim Results, Analysts Presentation & Press Coverage'

Peter Salsbury and Robert Colville leading the presentation. Robert Colville delivers a presentation on the figures for the year: Profits of £193 million, UK clothing sales down, Far east sales up 6%, Canada store closed and 6 store closures in Germany and France. New store in Glasgow and Manchester store to be rebuilt. Peter delivers a presentation on the future progress of the Company. He discusses competitive buying of clothing with relocations, restructuring the supply base and sourcing fabrics and components. In addition global logistics will capitalise buying scale, both within a 3 year period. This will provide more savings, a faster response, better value and quality for customers. He also discusses a redesign of the food supply chain. He emphasises setting new standards of service, modernising stores, tailoring ranges to local demands, investing in new channels of distribution and investing in customer relationships. Questions from the floor then follow. Running Time: 2hr 05min 17

Date: Nov 1999

Reference Number: P10/1/23

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