Nick Scali feels the supply chain pinch

Nick Scali says that higher shipping costs are expected to hurt his profits in the June half as orders for sofas have jumped.

Anthony Scali, the group’s chief executive, said that about 40 per cent of his company’s furniture is sourced from Vietnam, which was hit by government shutdowns last year.

Production was also affected by the lockdowns in various industries such as footwear and furniture.

There was also no chance that the local furniture industry would recover from the supply chain upheaval.

The uncertainty over the supply chain’s timeline had caused delays in processing orders. He says that high shipping costs could push up margins in the short term.

The company cut its interim dividend by 17 per cent to 35 per share as its first-half profit slumped 17 per cent. It had to shut 55 per cent of its stores in July and October due to the supply chain disruptions.

According to Mr Scali, orders for his company’s products have increased by about 70 per cent since a year ago, though the delays caused by the supply chain disruptions are still affecting the company.

The company’s order book has also improved over the past year due to the uptick in foot traffic and the shortening lead times from its suppliers.

During the half-year, government lockdowns affected over half of the company’s stores. Despite the disruptions, the company’s revenue grew by 5.4 per cent to $180.3 million.

In January, sales at Nick Scali stores fell 6 per cent due to a drop in foot traffic. It had started the month with a decline of almost 25 per cent as more people avoided buying the cheaper version of COVID-19.

Freedom Furniture are also feeling the supply chain pinch however there are still some good Freedom Furniture deals available and you can save with a Freedom Furniture coupon code

Treasury wines suffers US downturn

Treasure Wines Estates has suffered an embarrassing downturn in their operations in North America. It’s strong push into the market has not lived up to expectations and has resulted in the company having to destroy over $35 million worth of stock as well provide discounts of over $40 million to move other inventory. The company has attributed it’s issues to carrying too much inventory in the region and will use this write down to re-adjust it’s stock levels.

The company, which owns Penfolds, Wolf Blass and Beringer, are trying to rework their strategy in the US and reset their overly ambitious sales targets. The company will remain focused on the market as it is a crucial growth area for the company as the projected growth of wine consumption in the US over the next decade is in the vicinity of over 50%.

The company aims to also improve it’s performance by improving it’s warehousing and logistics.

For a great selection of Treasury Wine Estates products, visit Beer Cartel. Beer Cartel have a great selection of products and with a Beer Cartel Coupon you can get free delivery.

The Panasonic Lumix GH4

Panasonic has become one of the leaders in digital cameras in recent years with their popular Lumix range.

The latest camera announced in this series is the Lumix GH4 which is a camera featuring 16 million pixels , new sensors, facial detection and all new 4K video recording.

The camera is featured enough to be targeting the market segment that includes both enthusiasts and professional photographers. It’s breakout feature is obviously the 4K video shooting mode which is the latest must have feature of new high end digital cameras.

The camera has not actually improved in megapixels compared to the model it replaces however there is a new sensor in the device which improves the image quality by reducing noise and improving dynamic range.

The processor in the camera has also been upgraded to a quad core processor which facilitates faster shooting and improved sensitivity.

The camera improves on the previous versions in many ways and if you’re after 4K video, then it is a great choice. Get the camera from CameraPro for a great price using an Camera Pro discount code. Check out Working Couponsfor more coupons.

Buying clothes online

One of the biggest draw cards of the internet these days is the ability to purchase clothing at a great price. There are a number of online clothing stores that are popping up which have the ability to offer prices and a service that makes it difficult for bricks and mortar retailers to match.

There are a number of advantages that online stores have over bricks and mortar retail stores. The first thing is that they don’t have the overhead of an expensive retail environment. On-line clothing retailers can have a warehouse anywhere yet still sell to anyone with an internet connection.

The second advantage is that online stores don’t have the same staffing requirements as a retail store. Retail staff can be expensive and hard to get a hold of and hold onto. Packing staff are usually much easier to obtain.

The last advantage is that online stores can offer coupons to lift sales. Stores like Showpo will offer a Showpo coupon which will give you a discount off your order.

HOW TO CHOOSE THE RIGHT FRAME SHAPE

You’re in an optometrist and you’re looking for a pair of glasses but there are thousands to choose so how can you narrow down the right types of frames to choose for your face? It’s not actually as difficult as it sounds and need not be a case of trying everyone that looks good until you find one that suits you.

Picking the right frame for your face is actually a bit of a science and if you follow a few simple rules you are very likely to find the right frame for your face.

The first thing to take into consideration when picking glasses is to pick ones that enhance your best features, work with your face shape and are in proportion with the size of your face.

If you have a round face, pick glasses that are narrow as these make your face appear longer than it is. If you have an oval face you can pick most types of frames.

For a great selection of glasses, visit Clearly. Clearly Contacts have a great selection of glasses at great prices. You can get a Clearly promo code from time to time and this makes your glasses even cheaper.