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Re: Headley Lamar post# 296

Thursday, 04/08/2010 8:06:38 AM

Thursday, April 08, 2010 8:06:38 AM

Post# of 948
I think people didn't like this "increased competition" part.

But they mentioned that it is for retail sales only which is just 20% of their business. Note that margins increased for the wholesale division.

They could have PRed this better.



"Our retail sales accounted for 20% of net revenues in 2009, a decrease of 17% as compared to 2008. Lotus believes that this decrease was due to increased competition in Beijing."
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