AGM Presentation : 2A1417109_TPW.pdf
@Stonksjunkie I tend to disagree .
RBL is a very sad story of a cashflow positive business becomes a mess due to incompetent management , overspending , and lack of business strategy . I've exited RBL after I've seen Frist AGM presentation by Michael Ilczynski , and it was the right decision :
The s/p went down by nearly 85% within the last year :
On the other hand , TPW has a very robust business model . Regardless of the COVID outlier , there are no many companies
that have the same variety , and breadth of product . In addition, the customer service seems pretty good overall :
https://au.trustpilot.com/review/templeandwebster.com.au
All of the above cannot be said about RBL .
My biggest concern about TPW is their attempt to enter the renovation market : https://www.afr.com/companies/retail/temple-and-webster-targets-home-renovators-20220502-p5ahpp
Online furniture and homewares retailer Temple & Webster will tap into Australia’s love of DIY projects by launching a pure play online website for home renovators.
The Build by Temple & Webster is set to nip at the heels of hardware giant Bunnings, owned by Wesfarmers, and Metcash-backed Mitre 10 as it aims to grab a share of the growing $26 billion retail home improvement market.
Temple & Webster chief executive Mark Coulter told The Australian Financial Review since building the largest e-commerce player in home furnishing, moving to home improvement-DIY was a natural next step.
“Moving from loose furnishings to what’s fixed to the walls and floor, there’s a natural extension,” he said.
“Bunnings and Mitre 10 are great retailers. Bunnings has done an amazing job to educate Australians about the benefits of DIY, renovating your place or doing design jobs – big or small. The market is very big.
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I am not convinced that this is a good business development strategy , but time will tell.