Care to name the retailer that the CEO should have come...

Care to name the retailer that the CEO should have come from......Not alot are doing well at the moment, the ones that are don't want to move. Retail is cyclical, assuming that people only have a set amount to spend (excl inflation) when one chain is up in sales another must be down, that's the way it goes. One chain innovates and the others have to do the same and leap frog the first one.

Would you have bet the house on Coles 10 years ago? Back then WOW looked unstoppable. Aldi will peak at some point, with their logistics now starting to stretch where the others stretch to, their costs will increase over time.

The biggest problem that WOW had was not Masters, it was maintaining it's div during the Fin Crisis when it had to develop sites using its own capital as well. It stopped investing in its customers and started becoming more concerned about its shares......dumb, it had teh perfect excuse to reduce the div and re-invest profits into prices.

Time will tell.