Improved performance at Groupe Bikini despite ongoing downturn

15 Dec '09

4 min read

Outlook

In its quarterly report, Groupe Bikini Village indicated that it will remain focused on its bridge plan strategy, which management firmly believes will best-position the Company to take advantage of market opportunities when economic conditions improve. This includes monitoring market realities and adjusting its operational approach and financial plans accordingly, with particular attention to managing working capital, inventories, supply risk, capital expenditures and debt level, as well as direct and indirect costs. In the next quarter, we expect our cash situation to benefit from the seasonal higher level of sales and continued inventory management optimisation.

"Now that we have made significant progress on our network rejuvenation, systems upgrade and supply chain, we will turn our retail operational focus to store-level execution and performance at all levels, as a means of unlocking our full business potential," said Mr. Simard. "At the corporate level, we will continue to make smart strategic investments in our retail network in the quarters ahead, while carefully controlling working capital and doing everything we can to deliver efficiencies in our work."

Groupe Bikini Village inc

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