Paul Guerra’s
Apparent Departure – caught a lot of attention this week with the news that he
had been appointed CEO of the Royal Agricultural Society of Victoria. The facts
were a little less interesting when it was realised that Paul was doing what he
has always done. Ever since being appointed Chairman of the Queen Victoria
Market 6 or 7 years ago, Paul Guerra has held executive roles with companies involved in various
industries including communication and health. And he is still Chairman.
The Tennis
Crowd – is certainly bringing an interesting impact to our market with
nationalities from all over the world walking our aisles. This would appear to
be an ideal time for souvenir sellers with one seller still trying to pack up
at 4:30 on Friday despite regular interruptions from tourists who realised he
was the only opportunity still open in the market. One trader who keeps
detailed records says 35% of his customers on Sunday were in Melbourne for the
tennis.
Compromising
Market Recovery – our article about repetition (http://www.victraders.com/2018/01/compromising-market-recovery-what-would.html)
drew a number of comments and suggestions. One trader suggested that allowing
the departing trader to trade rent free for a suitable period (say 2 months) would
allow him to clear stock, give him some return on his investment, and ultimately
avoid repetition.
Key Board
Member Resigns – George Christopoulos, who has great experience in the
hospitality industry, has resigned from the QVM board. It is not unusual for
Board members to move on but George will be missed by many after 8 years
service.
Australia Day
Debate – perhaps the significant thing here is that Management's decision to
close on Australia Day has garnered little debate. As one trader said “My entrepreneurial
compass tells me we should be trading on Australia Day, but given the state of business, I am looking
forward to a day off.”