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Post# of 47366
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Neil Scott

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Neil Scott

Re: aim hier post# 14701

Tuesday, 12/14/2004 7:07:16 AM

Tuesday, December 14, 2004 7:07:16 AM

Post# of 47366
Millers Problems
The main problems besetting Millers Retail is that one third of their operations are under pressure, that is the discount variety area where they are in a price war with Warehouse Group (WHS.AX). This is anticipated to come to an end within the next few months as The Warehouse group is losing money to compete whereas Millers is still turning a small profit.
Their other segments are still producing decent profits (If you can believe the company reports) it is just out of favour at the moment.

Regards

Neil
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