Nick Scali Furniture
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| Public (ASX: NCK) | |
| Industry | Retail: Furniture, Dining and Chairs |
| Headquarters | Lidcombe, New South Wales, Australia |
Key people |
John Ingram (Non- Executive Chairman) Anthony Scali (Managing Director) Ian Kennon (Executive Director) Greg Laurie (Non- Executive Director) Nick Scali (Non- Executive Director) Nicky Scali (Alternate Director) Michael Potts (Chief Financial Officer) |
Number of employees | 249 (October 2011) |
| Website | www.nickscali.com.au[1] |
Nick Scali Furniture is a publicly listed, Australian company that retails and imports furniture such as lounges, dining tables, coffee tables, chairs and entertainment units. It was founded in 1962 by Nick D. Scali.[2]
The company specialises in leather and fabric lounges, as well as dining room and bedroom furniture. It imports more than 3,000 containers of furniture per year worldwide, and has distribution centres all across Australia.[3]
Nick Scali Furniture's core brands include Nick Scali brand, Sofas2Go and Chateau d’Ax. Nick Scali Furniture secured the Australasian rights for the premium Italian retail brand Chateau d’Ax.[4]
The retailer is involved in contributing to a wide range of charities within the community as part of its policies on responsible corporate governance.[5]
Corporate directors
- John Ingram – Non-Executive Chairman
- Anthony Scali - Managing Director
- Ian Kennon – Non-Executive Director
- Greg Laurie – Non-Executive Director
- Nick Scali – Non-Executive Director
- Mr. Nicky Scali - Alternate Director
- Mr. John Orchard-Chief Executive Officer
Nick D. Scali, the founder of Nick Scali Furniture, continues to serve as a consultant to the company and is considered to be a pioneer and innovator in the import and retail of furniture in Australia. His son, Nicky Scali, joined the company in 1991 and now oversees the operation of the company’s information technology systems, related support contracts and is responsible for the national retail sales teams and advertising media and creative strategies.[6]
Nick Scali stores and distribution centres
There are currently 30 showrooms and 4 distribution centres located in NSW, Victoria, Queensland and South Australia under the Nick Scali brand, and the company continues to expand Australia-wide. Below are the locations of Nick Scali Furniture stores by state:[7]
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Financial strength
The company Nick Scali Limited is listed on the Australian Securities Exchange under the stock code NCK.[8][9] As of the 2010/11 financial year, the company’s net profit was at A$145.6 million.[10] In 2012, the company expects a net profit of only $100 million to $103.5 million, with the drop attributed to the numerous discounts and the costs from opening five new stores. As of January, 2015, the company has a net profit of 201.75 million.[11][12]
References
- ↑ Stock Quote and Company Profile. Bloomberg Business Week Corp. data.
- ↑ "Corporate Profile". NickScali.com.
- ↑ "Nick Scali Reports Profit". Google Finance. p. Google Finance Nick Scali Profile. Retrieved 30 August 2012.
- ↑ "NCK Profile". Invest Smart Company Profiles. Invest Smart. Retrieved 30 August 2012.
- ↑ "NickScali.org".
- ↑ "Consumer Discretionary Sector - Special Retail Ind. - Nick Scali Ltd (NCK:ASX) - People. Bloomberg Business Week. Corp. Data.
- ↑ "Store Locations". NickScali.com.
- ↑ Nick Scali Limited Information Fact Sheet. Australian Securities Exchange.
- ↑ Nick Scali. HotCopper.com stock market forum entries.
- ↑ "Nick Scali Reports Profit". Inside Retailing. Inside Retailing.
- ↑ "Nick Scali Net Profits". Nine MSN. Nine MSN. Retrieved 30 August 2012.
- ↑ "Housing Construction". Brisbane Times. Bisban Times. Retrieved 30 August 2012.