That would be a big fat NO, however that order is still in dream phase.
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Aaahh... The Warehouse..
When I returned from Dnipropetrovsk to reside in my deceased Mother's house. I found that the vacuum ( Husqvarna ) at least 40 years old still performed the job. Unfortunately the internal connection gave up.. The old large National Micro ( great machine ) gave up the ghost..
The idiot box was not Digital. Sheets that mother would have " Turned " ( If able ) .. needed replacing ( you cold spit peas through them )..
etc. etc. etc.. The Warehouse became a one stop shop.. Even down to a $7.50 bag of compost for the severely suffering plants.
With surprisingly lower prices than on their price tickets..
Of course the receipts have been kept . No problems yet over value for money..
" Turning the sheets " ........ How many on here can remember that ??????.
Disc. Never a holder.. Just a happy shopper.
"Bought a German made AEG vacuum cleaner from Whs 20 yrs ago and it's still going strong "
"Warehouse needs to look back to when it was selling quality goods - I reno-ed my kitchen in Smeg and Westinghouse product from the Warehouse."
We also bought an AEG vacuum cleaner and dishwasher from WHS 20-odd years ago. Neither have had a problem. I also look forward to the day they again sell quality brands at good prices. They don't have to be cheap (quality usually never is), just good value and a decent range. Apart from HN and Kitchen Things, it's hard to find an AEG agent to even think about upgrading. But with Noel Leeming in the group are they going to push for carrying better products at the Red Sheds?
Pleased I sold at high 2.90's a while back, but I do want them to succeed as they have been good to me over the years as a purchaser and a shareholder.
https://en.wikipedia.org/wiki/James_Pascoe_Group
$2 billion turnover - accomplished retailers who know the game and has changed with the times, and changed their game.
Looks like this is the one hope for the Warehouse - but will Tindall ego and pride allow him to sell or merge with JP Group?
Guess Tundall is running out of options when Duke crows how Briscoes Group knows the retail game (unlike the WHS).
Joan Withers is a very experienced Director, and doesn't mince decisions that need to be made. The next twelve months will be interesting. Disc, Just bought quite a few before there was a little jump. 10cents dividend translates to 13.8 cents pre imputation. Suits me for the long term.
http://www.cnbc.com/2017/03/21/sears...rn-doubts.html
http://www.usatoday.com/story/money/...ness/99479726/
http://www.foxbusiness.com/features/...ut-future.html
Real-estate investment trust paid Sears $2.6 billion for stores that it purchased, many of which were then leased back to the retailer.
Could be just the beginning of the end for WHS?
Nick Grayston's came from Sears ......hmmm
This is what he did at Sears -
Nick was appointed Chief Executive of The Warehouse Group in January, 2016. He moved to New Zealand from Chicago where he held leadership roles with Sears Holdings, including president of footwear, home, fine jewellery and apparel. At Sears, Nick was responsible for leading change from traditional retail into omnichannel and integrated retail, building profitable businesses, driving operational turnarounds, changing business models and leading high-performance teams.
It all comes down to DEBT.. These companies are over extended. As are many companies and most Countries..
No doubt Nick Grayston learned a lot at Sears - stuff he can put to good use at The Warehouse to transform it into a retail giant again