Friday, Nov 28, 2008
what are they expecting? going back to 1929??
daily express: DSG CHIEF DIGS IN TO BEAT HIGH STREET BLUES
The group reported a halfyear loss of £61 million but said it was scrapping dividend payments this year, slashing spending by £30 million and cutting costs by £75 million to conserve cash. It said it was trading comfortably within its banking covenants.
Browett said: "We have been back to 1929 to look at consumer demand recession experience and in all reasonable scenarios we should be fine."
Woolworths' woes could create weeks of disruption as it sold off stock, Browett warned.
Posted by mark @ 01:38 PM (226 views) Add Comment
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