They obviously didn’t sell many as it looks like the tents are all still standing from the livestream
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Poor Nick …..wonder how far along the cycle he is
Elon Musk recently panned the Metaverse in an interview as “more marketing than reality” and said “I don’t get it” and “I currently am unable to see a compelling metaverse situation.”
Consumer this month has a pretty damning article of Warehouse sustainability claims …esp the claims made on a TV ad.
Much along the lines of what some have said here
https://www.consumer.org.nz/articles...ability-claims
I think he's at the first of five stages. Expect ongoing and ever increasingly sized bets to be placed and lots more cut and paste of buzzwords and phrases from other metaverse CEO's speeches linked together into obscurely worded presentations that confuse us all but make it look like he might know something we don't.
WHS probably worth $3.50 a share but take a full dollar off for the ongoing cost of their tangential expedition into the metaverse and another 50 cents off for their relentless kowtowing to all things ESG. Please wake me up when we get back to $2 again.
It may have been mentioned , but I missed it, but got an email the other day that 1-day is merging into themarket.com - so presumably it will definitely be reported as 1 figure.
https://www.sharetrader.co.nz/image/...AAAElFTkSuQmCC
Discl: Not currently holding ( sold out at early $4's)
Dead right. I bought a foldable directors chair from the WHS in Taupo while on holiday. All I cared about was it was comfortable and cheap and didn't fall to bits when my fat backside sat on it lol. I couldn't care less whether the material was environmentally this that or the other or the wood was made from sustainable plantation forestry or not.
I did notice they had 2 EV charging points outside but that one was occupied by a non EV. I understand that WHS hasn't actually paid for these chargers though so can't take credit for them as it was some scheme with Govt funding if my memory serves me correctly.
I doubt even 1 in 100 customers at WHS would care about sustainability. The whole ESG and metaverse fixation are just pet projects of Nick to make him feel like he's doing something towards earning his $2m+ salary a year.
No Performance, No Pay....no share options..
While Omicron is a temporary setback you'd think higher inflation would offer larger discount retailers an opportunity if they can just fight inflation to a draw. Even in some of the other sectors like hardware if they can reduce costs they should win market share.