A new report from
states that 33 per cent of the companies it analysed are ‘in financial danger’.
It goes on to say that nine of the companies surveyed, including the likes of GAME, Gamestation, Woolworths and Blockbuster, ‘are blatantly selling at a loss to capture market share.’
Of the 30 companies investigated, average pre-tax profit was 0.7 per cent, while average sales growth stood at eight per cent.
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