"Operations at the Company's new warehouse have been running smoothly throughout the run up to Christmas. This was a major achievement, given the acquisition of the warehouse on 6 October 2005 and that Christmas e-commerce sales for the Group have been at their highest level in the Company's history."
As has been mentioned before, the significance of the e-commerce sales should not be underestimated due to the possible '80% gearing effect'. As we have always known, a chief operating officer is an essential member of any management team. It is a complete mystery why some companies try to survive without one.
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