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Nofsdad
Joined: 06 Jul 2003
Posts: 6742
Location: Central CA
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dictators_rule
Joined: 08 Jul 2003
Posts: 4793
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Posted: Tue Aug 12, 2008 3:15 am Post subject: the margins go up
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Nice Catch
Quite simple actually,buy a 'distressed company' and all the sudden profits go up under your watch under somebody else's plans.One could say that's juiced up form of insider trading.
Or maybe he gave them free advice during negotiations.
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GoodFella
Joined: 04 Jul 2003
Posts: 2179
Location: A little bit sideways!
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Posted: Tue Aug 12, 2008 3:56 am Post subject:
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Good find Nofs. From Nofs link.
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This was announced last night at our annual fall meeting. An entire section of the meeting was devoted to why outsourcing to China would not lower the quality of our furniture one bit. Not one iota. It would be exactly the same. 100%. Identical. It would just save the company $10 million. And allow all of us grateful urchins to keep our lucrative $8 an hour careers flourishing (insert threatening glare from management in case any of the political types want to get noisy) And the company isn’t greedy! It will pass these Chinese savings on to the customers—our super fine furnishings will be sold at a lower price point. But the exact same quality!!
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The last fall thing? When Eddie was snooping around?
Well it's true I guess.
http://www.purchasing.com/index.asp?layout=article&articleid=CA6511729&article_prefix=CA&article_id=6511729&industryid=48376
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By David Hannon -- Purchasing, 12/13/2007
As upscale retailer Restoration Hardware sources more of its products from overseas markets, its demand for ocean freight has increased to the point where traditional bid processes were no longer efficient. As a result, the company has leveraged online ocean bid optimization technology from provider GT Nexus of Alameda, Calif. and says the benefits go beyond improved rates.
In a recent interview with Purchasing, Kim Kuesel, director of international logistics at Corte Madera, Calif.-based Restoration Hardware says the company currently sources about 65% of its product from overseas markets, primarily from contract manufacturers in Southern China. The majority of that freight comes to the U.S via containerized ocean shipments and eventually comes to one of our four U.S. distribution centers. About 5% of its freight comes from Europe via ocean and air freight is used only when absolutely necessary.
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65%. Shit I missed the point of all of this back when. ~GoodFella
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