Monday, November 05, 2007

The Future of Stanley Gibbons

Chief Executive Michael Hall is quoted in the UK's Telegraph as saying the existing online infrastructure at Stanley Gibbons is weak and is hampering the progress of the business.

"The infrastructure behind our sites is two people and that needs to be stronger," he concedes in the article written by Richard Rivlin .

Hall also mentions that stamp collecting used to be forbidden in China under orders from Chairman Mao and that today 10 per cent of their traffic comes from China. Next year, Hall says, the site will be translated into Russian and Mandarin.

According the article, "The underlying business is on a firm footing and is forecasting profits of £4.6m this year and £6m next year."

To find out more, click here.
Bookmark and Share
posted by Don Schilling at 12:01 AM