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14/11/18
16:22
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Originally posted by MMWA:
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Feel very sorry for anyone who bought in to the hype around this retail "re-seller".... Their business model is fundamentally flawed and fails every check on the five forces model: - high buyer power (i.e. buyers have plenty of options to go elsewhere) - high supplier power (i.e. the suppliers have plenty of options to supply elsewhere) - Low barriers to entry (i.e. anyone can set up a daigou shop - and plenty have) - High number of substitute products (theres a daigou shop on every corner of every capital city) - High levels of competition (see above - literally hundreds of other daigou shops) Haven't read their latest report, but I am assuming they still haven't posted a profit and are likely still bleeding cash?
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Good for you mate - you successfully passed your first year finance subject at university and are now able to quote the 5 forces model...I'd suggest reading the most recent announcement, twit.