is it the economy or is it Kmart, Farmers and co just killing WHS..?
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is it the economy or is it Kmart, Farmers and co just killing WHS..?
WHS is doing to themselves what WHS did to the backbone Mums and Dads small retailers through N Z over the last 30 years, is there any hope for WHS , not when you look at the shi! that they sell , its a cash flow retailer as imo most of their product does not last very long !!
Customers spent all their money in Costco. None left for Warehouse.
Also competing for the discretionary dollar with the likes of KFC and McDonald's. As prices go up, the dollar does not spread as far.
You have a model right there with Walmart, all that needs to be done is copy and paste.
With tightening budgets the warehouse should actually be doing much better. Nick needs to shape up or ship out.
Well, yes - his body language on the supplied photo (arms crossed) looks a bit defensive, doesn't it?
While sh*t happens, and ERP implementation always costs more than planned ... one still wonders why e.g. Torpedo 7 pulled the short straw when Kathmandu is doing so well (I know, the world is their oyster, but still ..).
Noel Leeming sort of lost traction as well. Not sure I've been in one of them over the last 6 months, but they never seem to have what I am looking for. On the other hand - bought some IT stuff last year using the market, wondering why they don't make money with that ...
Warehouse Group used to have for a long time one lame contributor under their roof (WHS Stationary), but it appears they are now breeding them. Not good, unless they can sell their sick puppies ...
Overall: times are tough and it always costs money to invest, but still start to wonder whether they use shareholders money in the best way they could.
Nick, do you listen?
Seems to be the Warehouse everyone gets a bargain except the shareholders.
Management seems asleep at the wheel.
The company isn't making money and going backwards by the looks.