QBE must employ very slow analysts W69.
We could have told them this a very very long time ago.
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QBE must employ very slow analysts W69.
We could have told them this a very very long time ago.
Rave review of the Reject Shop TRS in Aussie
Maybe heaps to be made from cheap stuff ....but Reject has lots of smaller stores v Red big boxes
https://www.news.com.au/finance/busi...188325b9fc3241
Warehouse group sales booming
Everybody wants to shop there ...good stuff
https://www.nzx.com/announcements/355968
Yes/No.
Very cautious out look which I share.Looks as though it will be a difficult Christmas and a very long hard 2021 year.
Online "logistics" needs a lot of work.I guess having the revenue means they can get it right.At this stage 11.8% of total sales means a lot more growth will be, and is, avaliable.I expect they should see this channel more than double in the next year or two,and I can see no reason why it should not be more profitable than their stores.In fact properly done it should be a lot more profitable..
Trading update looks quite satisfactory to me.
I would agree with that. Sort of funny recent experience - my old trustworthy printer not anymore supported by the latest windows screw up. Decided to buy a new printer (hey, the old one is more than 10 years old) ... and Warehouse Stationary had according to their web page a reasonable candidate on offer (marked as "in store"). I ordered and waited for the promised delivery within 2 to 4 business days.
Funnily enough 8 days after the order (and payment) I get another email from them:
I guess seriously - if they need to have "their best people looking through their stores around the country" for the whereabouts of a printer they already sold over their website (i.e. they have no clue where it might be and it is lots of effort to find it), than absolutely - they will have to put a lot of effort into improving their logistics. Maybe start with implementing a simple ERP system?Quote:
Dear ....
Unfortunately we've not been able to locate the following items just yet.
We’ve got our best people looking through our stores around the country for you. This can sometimes add a few additional days to the delivery and we apologise for the delay. We'll get back to you with an update within 5 days.
...
Just wondering - or does anybody think they lied at me and they never had this printer they sold and took money for in the first place?
PS: I uninstalled my latest windows update and my old printer works again, i.e. quite relaxed to see the story unfold - otherwise the warehouse would have now a really angry customer ...
I think the update was as good as we could expect - the next couple of months will be telling though. I'm happy to hold at this point