WHS was part of the NZX50 as recently as 2017. Has the shareholder base changed significantly since then?
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They are looking to increase capital expenditure.
What are they up to?
biggest cost savings will come from swas ( store within a store ) probably makes sense on marginal stores to do this , the profitable store will remain stand alone. savings on leases and staff which they say are on there minds as risks. mentioned on this thread donkey years ago swas was the way to go
growth in NL thru value add services + sales and growth in WHS thru home branding , business hubs + sales while maintaining margins and reducing costs
WHS to stop stocking DVD/Blu-rays in stores due to lack of demand (will still sell online, and have some new release titles in store and some school holiday stock). After reading through yesterdays investor day slide deck, I can see how this lines up very well with their inventory management improvements.
I very much approve of WHS effort to become both New Zealand's version of Amazon.com, as well as maintaining profitable physical store network. It is a juggling act though, and usually these sort of attempts are best done by separating management of both efforts, which they sort of have done with themarket.com (but its dependant on how tight a leash management has them on - for instance how often, if ever, does themarket.com offer products from non-WHS owned stores that undercut in price the WHS-owned offerings? If the answer is never, then themarket.com chances of becoming the amazon.com of NZ are slim).
Quarter sales report due this week for WHS possibly Friday... The Warehouse where every shareholder gets a bargain
They take up quite a bit of space in the red sheds, and the section normally devoid of customers. Hardly anyone buys physical copies of games etc anymore, and most people stream music through spotify. As for the movies, with all the streaming services now available there little point buying one in a shop.
Back in the early/ mid 90s those sections of the store would be packed with customers.
Be interesting to see what they do with the extra space.
No more DVDs, no more jewellery counters - and I saw in the investor deck they are adding clothes tables (which they said are common in the clothing retail industry as they allow much more stock in the same floor space.) I wonder if they will move the electronics section (TV/Audio/phones/tablets etc) into the warehouse stationary area in those stores that have it as SWAS (Store-within-a-store)
Seems we have exciting times with all these changes in the Red Sheds
Briscoes just gave a sales update for the last 3 months (Feb - April): up 78% on year ago period (which included a month in lockdown last year), and up 15% 2 years ago.
Local warehouse is packed! Profit upgrade is coming soon?
U went there 6am winner? They opened 9am eh....
Yes ...yes...I dod that sometimes...hahha...showed my lost face or no speaking english face...then they checked me out at the service desk n I skipped a long Q....hahha