Shareholders ability to earn future income is not depwndent on WHS …they too have a choice
So not rubbish
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from H1 earnings:
So not a big reduction, but should be kept in context of a large increase in minimum wage and overall economy wide escalation in labour costs, and also the comparable sales for the periods are considerably larger in current year. So labour costs as a proportion of revenue have dropped considerably despite upwards pressure on wages economy wide. That’s a big win in my book.Quote:
“Approximately 67% of employee expenses are related to stores, fulfilment centres and distribution centres which has all been managed well throughout a period of elevated sales.
In particular store labour has declined 1.5% compared to the prior half year period, driven by the efficiency gains from the labour operating model update in The Warehouse stores ensuring our stores are most staffed when our customer want to shop.”
With all due respect mate you came up with the same spurious argument with AIR employees and said their human capital invested was far greater than shareholders. All these staff are now arguably on the most generous state sponsored welfare system we've ever witnessed and probably very few of whom, if any, (despite many receiving lavish 6 figure salaries and in some cases seven figures) will dig into their own pockets to rescue that basket case of a company.
Front line retail workers can get a job in any other front line retail position, ostensibly they risk nothing, whereas I risk my capital.
Well said LaserEyeKiwi.
Hope we go back to $3.55, greedy Beagle is ready to deploy even more risk capital.
Did anyone hear further if the bonus was confirmed or still just a rumour? WHS Staff would be pretty happy with a $1k bonus and then a couple paid weeks off for another lockdown.
"3.55"
Mr B's lock down may soon appear and this price might just be the start if its level 4.
can risk any spread..Zero spread.
Likely to be a re run of wellington.
Time for the Warehouse to tell us they are staying open during lockdown :-)
Oh that's just being mean. You think they might have learned from last year ?
Frankly I am surprised we've got through 6 months without community transmission in N.Z. Many shares are already priced like it was only a matter of when, not if, there was another breakout and WHS has clearly been one of them.
I expect they'll go straight to level 4 at midnight tonight in Auckland, could be a national lockdown, and that's the correct response. Go hard and go early has worked before and might work again if we go hard enough and early enough. In the meantime there will be a lot more people keen to get vaccinated.
wellington was only level 2, and that was because the chain of transmission was known (happened in Sydney) whereas if this has no clear chain of transmission from a known case then a level 3 or 4 lockdown is far more likely to be required for Auckland.
" level 2,"
forgot what level it was, actually hoping for level 4 although it will impact a lot of activities in auckland this weekend for us all..
hamilton might get a level 2 side swipe.
Mr B's 3.55 was touched not long ago.
not long now , clocks ticking, tempus fugit (time flies).
MR B might like to figure out the new opportunities in the market tomorrow.