VIP Class Notes (George) [W]

Homework

Go online, use a free vpn for a bit, and download an in-browser app called Grammarly.

Writing exercise

Original

Please fill in your comments in sheet “Impacts on other stores” and send back to us the cannibalization impact by this Friday (Oct 12th).

Thanks for your support in advance! Anything not clear, please let me know.

Thanks,
Christy

Corrected

Please fill in your comments in the sheet entitled “Impact on other stores” and send back the cannibalization impact to us by Friday (Oct 12th).

Thanks for your support in advance! If anything is not clear, please let me know.

Thanks,
Christy


Corrected

Dear Laura,

Hope you had a great holiday!

I am writing this E-mail to share with you some highlights after reviewing the latest Aug YTD P&L results and Sep YTD productivity.

The GAP (sales % – expenses %) is negative (-5%) and the contribution margin decreased as of Aug in P&L compared with last year because of the impact from sales dropping and much higher costs we need to absorb because of more stores.

Here we summarize some key comments on deviation of operative expenses for your reference:
• TTCC hours saved by -2% as of Sep, however it still cannot compensate for the sales drop and annual salary increase;
• Higher amortization costs because of larger spaces of new stores in 2017/2018;
• Increasing rental costs because of the expiration of  the rental free period of 2017,  made worse by the fact that we are not entitled to any rental free term for stores with fixed or Mixto terms;
• Higher OGO costs especially for electricity due to the large space of new stores in 2017/2018  and more promotion materials used;

As you may be aware, we have pressure on increasing costs and meanwhile we have been suffering a lot on sales because of the products this year. Therefore we would like to collaborate with you to see if there are any possible ways to improve our profitability in the coming months.

Please review the results and share with us any comments or action plans that could help control our expenses.

Here, I attached the Aug YTD P&L with GAP for your reference. Please let me know if there are/if you have any questions.

Thanks,
Christy

Original

Dear Laura,

Hope you had a great holiday!

I am writing this E-mail to share with you some highlights after reviewing the latest Aug YTD P&L results and Sep YTD productivity.

The GAP (sales % – expenses %) is negative (-5%) and contribution margin decreased as of Aug in P&L compared with last year because of the impact from sales drop and much higher costs we need to absorb because of more stores.

Here we summarize some key comments on deviation of operative expenses for your reference:
• TTCC hours saved by -2% as of Sep, however it still cannot compensate with the sales drop and annual salary increase;
• Higher amortization costs because of larger spaces of new 2017/2018;
• Increasing renal costs because of the expiration of rental free of new 2017 while we are not entitled to any rental free term for stores with fixed or Mixto terms;
• Higher OGO costs especially for electricity due to the large space of new 2017/2018 and more promotion materials used;

As you may aware that we have pressures on increasing costs and meanwhile we have been suffering a lot on sales because of the products this year. Therefore we would like to collaborate with you to see any possible ways to improve our profitability in the coming months.

Could you please review and share with us if you have any comments or action plan to control our expenses?

Here I attached the Aug YTD P&L with GAP for your reference. Please let me know if any questions.

Thanks,
Christy