https://www.nzx.com/companies/WHS/announcements/298018
Results confirm WHS directors and management have run out of ideas and strategies to reverse its declining year by year fortune.
Its offerings are stuck in no man's land - a lot of rubbish (out dated DVDs, CDs and grocery items more expensive than the supermarket next door) taking up 'precious' retail space (which it does not know how to use), duplication of products across its divisions (eg. selling electronics & appliances via WHS & Noel Leeming) and still seen as a low end store selling crap (buy a $1,000 engagement ring from WHS? Seriously?).
Desperately need a reset - with new shareholders and directors.