Impressive debut for Pet City
Article Abstract:
Pet City has 35 UK pet superstores and aims to have 300 of these stores by 2003. The company is seeking dominance in the pet store market. Investors have confidence in Pet City's management and the company's chief executive, Giles Clarke, previously set up Majestic Wine Warehouses as a co-founder. The company expects to have 148 stores by 1998 to 1999, with profits of 8.9 million pounds sterling on sales of 211 million pounds. A pre-tax loss of 300,000 pounds sterling is forecast for 1995, excluding interest.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Investing for art's sake
Article Abstract:
Antiques are subject to fashion so they are not safe investments. They increase in value due to rarity rather than bringing in earnings. Art can bring in good investment returns, but prices can be volatile. Investors should seek to buy the best since this is less subject to price volatility, and they should seek to invest long-term, with spare cash. Sellers should use auctions rather than dealers to benefit from competition between buyers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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