Originally Posted by
Roger
Salt's managers and Gaynor probably know the WHS is well past the point of market saturation and the business as it stands is on a hiding to nothing. Come on... how many braches are there, far too many is the answer !!
Halve the number of branches, halve the staff, transform the remaining braches so that the shopping experience feels a lot less down-market, make sure all the major brands are represented in each store, slash corporate over-head e.t.c. Unless something truly transformational happens like I've outlined then its probably more of the same woeful under-performance. I'm with Salt and Gaynor, time for some truly revolutionary thinking.
Extremely tired brand that's desperately calling for a real transformation. Those professional investors know Tindall would never go for that so quite frankly they see better opportunities elsewhere and I can't say I blame them as they're quite obviously tasked with getting the best return for their clients money. Good on them for speaking out I say. My 2 cents.