I was talking to a couple of friends who are gardeners.
Garden centres at WHS are too far away from the car park to be bothered carting compose or bags of potting mix,compared with Mitre10.
However buying shrubs and small trees you really do get a bargain,as their stock is so slow selling ,you can buy a two year old tree/shrub for the same price you would pay at a garden centre for a one year old tree/shrub.
I was talking to a couple of friends who are gardeners.
Garden centres at WHS are too far away from the car park to be bothered carting compose or bags of potting mix,compared with Mitre10.
However buying shrubs and small trees you really do get a bargain,as their stock is so slow selling ,you can buy a two year old tree/shrub for the same price you would pay at a garden centre for a one year old tree/shrub.
The shrubs at our local WHS wouldn’t last 2 years let alone 1 ……things never seen to get watered regularly
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
$1.09 sp ~$375m market cap. ~$3B of continuing sales. Little to no debt. Might be able to make $50m after tax in near term and pay out most of it? Is all the bad news fully priced in now or do people think is ultimately a doomed business? Seeming like it is priced by market with a moderate chance of failure?
I would love to see a new CEO appointed on a back to retailing basics agenda, could start with improving the lighting in stores get away from horrible cold/blue lights, and with cleaning up the shoddy entrances - currently generally untidy with rubbish around and air of neglect. Then focus on mechandising, stock turn and sharpening up the loyalty scheme offer.
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