Saga has been “focused overly on the short term” and must return to its “heritage”, says its chief executive, Lance Batchelor, sounding like a new recruit hired to fix problems ignored by less far-sighted predecessors. But he’s been in charge for half a decade.
I think he needs a 50 year plan
Tell him I've got one. If he signs up he'll get a free pen and 10% off an inflated price chair lift...🤙
Saga five year plans? Bit optimistic!
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Saga shares plunge after it slumps to £135m lossShares in over-50s travel and insurance specialist Saga have plunged by more than a third as it reported a £135m loss after acknowledging 'increasing challenges' facing the business. Used to be competitive. Now more expensive than the competition so not surprising 👍 Because : 1. Brexit fears. 2.Middle aged people are looking for aventure, not coach trips /deck chairs. 3. Those now turning 50 are starting to have less disposible income. Have become greedy and some say uncompetitive in the insurance industry, stop worrying about your shareholders,and worry about your credibility in the insurance market,and then perphaps you might get the punters back.
Source: SkyNews - 🏆 35. / 67 Read more »
Shares in travel firm Saga slump as it warns Brexit will hit profitsCompany that caters to over 50s says Brexit has put ‘clear dampener’ on holiday sales Just about as far away from the truth as you can get
Source: The Guardian - 🏆 84. / 53 Read more »
Struggling Saga doesn't deserve its customers' trustThe company, which sells inusurance and travel to the over 50s, has lost money and been forced to change its strategy amid a mounting scandal over the 'loyalty penalty' imposed on insurance customers
Source: The Independent - 🏆 80. / 59 Read more »