Our business is now in the final stages of our transition into the new economy.
We have successfully weathered the shock of the initial onslaught of the COVID 19 pandemic. It is not by any means over but we have taken the measure of its strength and our confidence is rising.
For good reasons.
Our pivot to rolling stores and deft inventory management, specifically the suspension of dressing operations in BC’s with high inventories, worked wonders. Both proved critical in successfully meeting the severe logistical challenges imposed by the world’s longest and toughest quarantine.
To those who are not aware of our great sacrifices, the numbers might seem too good to be true. Our year-to-date June operating income is 63% higher than last year. And, based on current trends, we are on track to meet our monthly targets for the remaining half of this year.
Finally, with our God’s affectionate protection, we have steered through the treacherous shoals of the pandemic without a single COVID-19 infection in our ranks.
However positive is our current outlook, we cannot afford to rest on our laurels in the light of the suffering of the greater numbers who are not as fortunate. We must follow through with even greater effort.
As we approach the new economy that is being formed in the crucible of this pandemic, I have cascaded to your respective managers our new business directions for balance of the year.
Thank you all and congratulations. Well done!