No update on Christmas sales yet
Maybe a case of no news is good news
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No update on Christmas sales yet
Maybe a case of no news is good news
Nick will be still at his Bach at Omaha. Joan be out shopping choosing the lip stick colour to put on the pig.
T7 will still be having a shocker..too many stores (25) costing a lot to run..Too much stock not moving lots of discounting. They can’t even get it to customers when they do buy it. They have the quinella…software and hardware issues ..lol
The Market gone very quiet…no promotional activity…pretty sure they put it to sleep this year. Amazon. Au be killing it
Noels seem to be discounting a lot.
No idea how red sheds going..the one I visit seems quiet.
Agile management my arse.
The share price tells you what the market expecting..nearly 52 wk low I think.
Might be time for Nick and Joan to find a new home. Nicks Expensive to run and been there a while now.
Nick was spotted doing some shopping at a warehouse store yesterday - good to know he shops there!
Do you know if he was buying the lipstick…might have my wires crossed. Joan could be at Omaha.
On 14/11 WHS stated in NZX announcement:
"Torpedo7 sales were further impacted in the quarter due to ERP system replacement issues disrupting online and instore sales."
and
“Torpedo7 has not made the progress we’d hoped to see. We have a critical quarter ahead as we focus on driving its business performance recovery.”
As at today 9/1 ~7 weeks later: on the Torpedo 7 website there is a bright banner stating
"Order delays (includes Click & Collect) - Large items may take up to 26 days, small items can take up to 10 days. Can't wait? Shop in store"
What on earth is going on? Who is running this ship?
Disc: Not a holder!
Captain Nick the Agile is in charge. Joan of Arc is the fleet commander.
This is what Nick said in December…the problems are mostly resolved…but that not what your seeing
However, Torpedo7 sales declined a further 25.4% in the first quarter of the 2024 financial year, covering the 13 weeks to October 29.
As well as a decline in bike sales, Torpedo7 was impacted by the move to a new enterprise resource planning software system in the quarter, with some customers unable to have transactions fulfilled, both instore and online.
Most of those teething problems were now resolved, Grayston said.
Pretty big drop in share price today …close at $1.50
Seems to be the lowest it’s been this century
Probably bad news coming out tomorrow
Market cap $545m
Buy it and use the red shed footprint as a supermarket chain......
It's PE is 17. That seems high to me for a retail stock. Does it have particularly bright prospects?
I note BGR has a PE of 12.
One of these companies has a very large turnover and the other generates significant profits.
Why is WHS so highly regarded by the market?
Having done a bit of shopping recently with time to spend comparing pricing and offering across different stores, T7 and Noels left me completely underwhelmed with what was on offer, store condition/organisation and tidiness. Gave up on trying to find any staff available or with sufficient knowledge to assist as well.
Pricing of consumer level products is also pretty much the same as anywhere else for equivalent quality, with T7 a surprising amount higher. Simply reinforced in my mind why I avoid the group 99% of the time and take my money elsewhere.
Long gone are the days when a bargain could actually be found.