![]() PPGL chose an active response and intervened to work collaboratively with our logistics supplier on operational changes within the distribution system. The situation continued to deteriorate with acute bottlenecking in the supply chain, displacement of stock and erosion of our sales capacity. The move did not run according to plan and over Christmas and New Year the true scale of the problem emerged. However, the distribution change completely knocked us off course. The 2013 year began well for us and we were on track for a better result than in 2012 with a new headquarters, fresh team and new 3rd party operated distribution centre. The latter move was successfully accomplished and repositioned the group in its major market. Postie plus Group limited Annual Report 2013 The second was the relocation of our head office from Christchurch to Auckland with related restructuring of internal management.The first was the transfer of distribution for the Postie and Schooltex brands to a third party logistics provider in Auckland.PPGL scheduled two related operational steps for the first half of the trading year: The unexpected disruption to distribution began in the first half of the trading year and was unresolved until the second half, reducing our stock levels in store. The group’s sales and margins were heavily impacted during the year by extreme difficulties at PPGL’s third party distribution centre with the sequential impacts of delayed stock availability and discounted stock clearance and, to a lesser extent, the effect on winter season apparel sales of unusually warm weather. ![]() The Directors were deeply disappointed to see a quite promising PPGL has prepared an assessment of the losses year undermined by an outlier event that by the finish proved very challenging and time–consuming to rectify. Our shareholders have every right to feel dejected this year, with the Group having to report a poor financial result for the year ended 4 August 2013.
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