Always remembered "never loose the opportunity that a good crisis provides you". COVID provides a backdrop of restructuring they were probably wanting to do anyway....
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Always remembered "never loose the opportunity that a good crisis provides you". COVID provides a backdrop of restructuring they were probably wanting to do anyway....
On level 3 I ordered some packaging tape, click and collect. I don't know how long would have taken if I didn't contact them saying that after 10 days I didn't have any update on my shopping. That was my first time buying this way. As the store is close to me I preferred click and collect than delivery, I hope my experience is just one off.
I wouldn't bet on that if I were you mate. It was a very solid interim result with debt coming down very nicely indeed http://nzx-prod-s7fsd7f98s.s3-websit...048/318915.pdf and I think moves to make the business more agile and efficient are very sound. Recent movements in the exchange rate have not gone unnoticed by me and are helpful to companies like WHS.
I think many people have forgotten this business is capable of paying 20 cps in annual fully imputed dividends (20 / 0.72) = 27.78 cps gross which on $2.25 share price = 12.35% gross. They mostly sell consumer staples as you know. I think you'd be better betting on me doubling or tripling today's initial modest stake.
Many retailers had a melt down in service standards over the Covid period with demand exceeding their ability to pack and especially ship in a timely manner. Certainly not just a WHS problem. We're Covid free and headed for level 1 at midnight tonight, woohoo !!!!!! :t_up: :t_up: :t_up:
https://www.nzherald.co.nz/nz/news/a...ectid=12338052
Wasn't just on Facebook - was on TV1 news last night as well. Most people understanding on delays on couriers when they have been completely snowed under, but this was way more WHS' fault by the sounds of it. Not good advertising.....
Although I know from my company consumers often blame the retailer when the courier company drops the ball.
Ordered several items over the last 4 weeks from the ware house (some winter basics plus some IT stuff) and received everything within the promised time frame. 2 parcels took 5 days, one took 7 days and one 11 days. Not sure, though why they split 2 orders into 4 parcels ... I think they could have saved some postage.
From a customer perspective no reason to complain.
Off topic, I don't know about others but I have had enough of Briscoes with their so called sales. Even at their 50% off sales similar items are usually substantially cheaper at K Mart or The Warehouse. I think the tipping point for me was when I looked for a new cheap vacuum cleaner for my office and Briscoes regular price for some cheap looking Chinese made vacuum was $600. Even at 50% off it was a complete rort. Honestly, I haven't been back since then. That Briscoes lady customers identify with doesn't look quite so fresh these days anymore either.
I think in tougher times people are looking for genuine value and start to see through retailers that engage in widespread value charades. My 2 cents on Briscoes.