External Headwinds Stall Kingfisher’s Profit Opportunities; Shuffling of Management Positions Ensues
While no-moat Kingfisher achieved the interim goals of its One Kingfisher plan in 2018, headwinds (wage and cost inflation and weak economic environment in the U.K.) prevented the firm from benefiting from the fruits of its labors. For 2018-19, the firm planned on unifying 40% of its cost of goods sold, which it successfully executed on, exiting the year 50% complete (and now aspires for 70% by the end of 2019-20). It also anticipated it would complete its unified IT rollout and launch e-commerc...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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