Speaker 1: You're listening to a shares these podcast Who are you
Speaker 1: looking at when you're competing with because I guess if
Speaker 1: you're looking at where people shop now, it's all over
Speaker 1: the place. People might jump on and jump on Timur
Speaker 1: or something and get something extremely cheap and run through
Speaker 1: and that kind of thing. Are you worried about them?
Speaker 1: Are you worried about Ikea who are tuning up in
Speaker 1: this country later on this year? Or was sports Direct?
Speaker 2: I think the I think the Teamurs and the Shines
Speaker 2: and those folks operate at a different end of the
Speaker 2: market that I operate in. They do meet other competitors
Speaker 2: in this country, but they don't meet me. But I'm
Speaker 2: more focused on the the costcos and the Ikia's.
Speaker 1: Normally, when a competitor turns up new entrant, they throw
Speaker 1: a lot of money around to try and draw custom.
Speaker 1: That's got to be something you have to chew on
Speaker 1: and shore for sure.
Speaker 2: But we've got people in their stores already. I know
Speaker 2: how they operate, i know what they sell, I know
Speaker 2: the propositions. I've got a lot of stores, and I've
Speaker 2: got a lot of stores right next door the stores
Speaker 2: where they think they're going to put foot jobs. It's fine,
Speaker 2: I've got to lift my game. People will go to
Speaker 2: these places and experiment with them. I want people to
Speaker 2: go there and experiment a service level or quality of
Speaker 2: service that is lower than mine, to have a look
Speaker 2: at a range of product it's not even nearest significant
Speaker 2: as mine, to go into an environment that's not as
Speaker 2: comfortable as my environments. So does that mean I have
Speaker 2: to lift my game in some centers and in some brands. Yeah,
Speaker 2: it's okay, I'll do it.
Speaker 1: You've still got a lot of energy. And I guess
Speaker 1: that comes back to the question that one of our
Speaker 1: listeners that in viewers that asked there what keeps you going.
Speaker 2: I've been in the retail business since I was sixteen.
Speaker 2: I just happened to love the concept of buying something,
Speaker 2: selling something, buying plenty, selling plenty, having plenty of stores,
Speaker 2: having plenty of customers. It's a lot of fun building
Speaker 2: something from pretty much nothing into an organization that's really, really,
Speaker 2: really well respected and successful. And it's hard to give
Speaker 2: away something or move away from something if you gave
Speaker 2: birth to it. I have to tell you I'm in
Speaker 2: a really, really, really fortunate position at the moment. I've
Speaker 2: got about three or four really really key people who
Speaker 2: have been here for a very long time, who are very,
Speaker 2: very very clever. And I'll tell you now, I don't
Speaker 2: get down in amongst the weeds as much as I
Speaker 2: used to. Well, because it's not my job anymore. My
Speaker 2: job is the mentor, who is to guide, to assist,
Speaker 2: to encourage. I try to be a different sort of
Speaker 2: manager these days than I was, because I'm past the
Speaker 2: halfway mark. I'll concede you that, And so this is
Speaker 2: my legacy. I don't want this business to fail just
Speaker 2: because I go. That'd be a slight on me. You
Speaker 2: didn't do a job particularly well. You didn't train these
Speaker 2: people particularly well, you didn't encourage them enough, you didn't
Speaker 2: set the platform for success for them. Well, that's not
Speaker 2: what I want to do. Investing involves the risk you
Speaker 2: might lose the money you start with. We recommend talking
Speaker 2: to a licensed financial advisor.
Speaker 1: We also recommend rereading product disclosure documents before deciding to invest.