On Tuesday Baby Bunting confirmed that sales and gross margins had been damaged “both in the lead up to and since these competitors entered administration”.
What we have seen in the industry during this financial year in terms of the extent of consolidation is unprecedented,” Baby Bunting chief executive Matt Spencer said in a statement.
Baby Bunting’s comparable sales are flat for the year to date.
Photo: Louie Douvis
“While challenging in the short term, these changes in market conditions present some great opportunities for the growth of Baby Buntings business and profitability in 2019 and beyond.
Baby Bunting said its comparable sales grew 4.7 per cent in the three months to the end of March, but had fallen 2.5 per cent in the April…
Read the full article at: https://www.smh.com.au/business/companies/baby-bunting-has-an-enviable-problem-its-competitors-keep-collapsing-20180508-p4zdzd.html