api - thoughts, page-2

Jack

Re Chemist Warehouse. The market perception about size of terms from Sigma is grossly exaggerated. Their rents are quite low (away from shopping centres) sometimes even in Industrial areas- Mornington for example. They also employ nominal shop staff- try to get any help. Their model is high turnover- they generate enormous co-op income from suppliers and can provide National exposure and compliance.

They have everything covered.

Ramses