Honestly, if the warehouse opened up its doors and gave me 5 minutes to take whatever I want (excluding electronics) I would struggle to fill a little basket
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There are probably relatively few STers who are in the target market for The Warehouse - but many more STers are beneficiaries of the spending of people who are in the target market.
Not much point in taking the gift cards either if there's nothing in the store that you'd want to buy with them.
"Virtue signalling" seem to be the favourite catch-all accusation here at anyone who tries, in part, to bring ethics into their investing. Not for everyone I grant you- some want to maximise their returns and don't care where those returns from. It's why we are where we are. The fossil fuel industry has existed for as long as it has because of its appeal to that sentiment. Hopefully those days are coming to an end - including I hope the throw away culture that the Red Sheds promote.
The thing that bugs me about virtue signaling is they just want to appear superior and more caring.
When most of the time they are hypocrites.
How many of these people who are anti fossil fuels, have electric cars. Solar panels...?
Yes care for the environment, but don't bankrupt your everyday worker..People still need petrol for there cars..
Or is Jacinda going to buy us all a Tesla?
There is no viable solution at present we still need oil..yes try and invest in other technologies. but this takes time.
People complain about fossil fuel but at same time complain about petrol price.
The Green party should say they are very happy that petrol prices rise, see how many votes they get
look like everyone has been getting a bit excited.. NOV 29 is not freedom day...
cripes the business pain will continue...
sure these big retailers can handle it but the other smaller businesses are going to face months of this?
Oh Boy..another month or more of this? Retailers spoke today of taking out loans if they can get them for a six month cover period.
There is no voice of business at the table.
WHS probably wont recover very quickly after X DIV.
'You might have misunderstood' Little confirms November 29 is not 'Freedom Day'
Robertson and Orr have been pushing the banks to do more business lending. While the lockdowns create business risk
I've been trying out their grocery section of late ( trying to stay away from F'Stuffs and Prog. ) and have been pleasantly surprised at the variety on offer. Good value too.
Yes on line is going to be the way if the unvaccinated arnt locked down.
And business is now going to be thrown under the bus. Looks like someone in cabinet has insisted on a longer lock down system or longer step system...
The stalling system it should be called.
Wonder what the total damage will be in terms of national debt.
Whs has effectively borrowed to pay the DIV.
Oneday there is going to be a big review when we can look back in hindsight. People will be asking what were the costs vs the benefits. The business collapses and the national debt vs the lives saved and Cindy rescuing her world leading status. The picture will be clearer than what we see right now in the midst of lockdowns
Retail had it’s “Freedom day” last week already.
What retailers aren’t open for instore shopping now?
As far as i know its just hospitality (restaurants/bars) and service businesses (cinemas/hairdressers/spas etc) that can’t operate in on-premises patronage at present - and they all continue to get the wage subsidies and government resurgence payments while restrictions remain in place.
Seeing as NZ has fared better in both counts than most of the rest of the world both economically (GDP, unemployment, business collapses & National debt) and on health outcomes (Deaths per capita & vaccination rate achievements) I would say the current government very much will be rather happy with the results of any independent analysis of the last 18 months, especially when compared with international outcomes.
[off topic mode]
What you are talking about is the concept of 'mortality displacement'. This is when a person dies of Covid-19 but in statistical terms would have likely died anyway from another pre-existing condition. While there are undoubtedly some cases that fall into this category, actual statistics to date show that the time lost for the average person who suffers a Covid-19 death is twelve years, not two months.
Covid-19 is a respiratory disease like the flu. But Covid-19 also finds its way to many other organs of the body, including the brain. The flu does not do that. So it is technically incorrect to describe Covid-19 as 'just a version of the flu'. Covid-19 is far more transmissible than the flu, around five times as lethal, and has unfortunate long term effects for some that have for the moment been cast under the heading 'long Covid'. These are very different characteristics compared to the flu virus. If you categorise Covid-19 as 'a flu', you could not be more wrong.
[/off topic mode]
This post is off topic so I will leave it there. Happy to debate any further points arising on the Coronavirus thread in the 'Off Market Discussion' forum.
SNOOPY
You are so right and off topic to WHS but its just so timely - this email/blogpost today from Michael Reddell
Quote
One of the (many) disillusioning aspects of the Covid response of the New Zealand government (politicians and public service) has been the apparent
s techniques to help inform thinking about policy responses. No cost-benefit analysis on any aspect of the policy response has ever been published (or hinted at)
https://wp.me/p5KFCd-haf
He acknowledges its (CBA) imperfections but still believes it has worth.
The point about cost-benefit analysis is not that using those techniques, or that way of thinking about the issue, will generate "the" right answer. On many of these things there is no "the" right answer. The merit lies in a combination of (a) forcing people to write down their assumptions, including which variables (even hard to estimate ones) should be relevant to a particular decision, and (b) then enabling users to get a sense of how much difference a different set of assumptions might make to the bottom line. Using the techniques facilitates disciplined thinking and transparency, the latter itself supporting scrutiny (especially important when such costly and often intrusive/restrictive decisions are involved.
Good point about thinking of the situation analytically rather than be guided by gut reaction. The biggest assumption that I see for retail with 'lifting all restrictions' is that business will go back to some kind of 'normal' if we abolish restrictions and let Covid-19 circulate. Speaking for myself, I won't be going anywhere near retail if Covid starts circulating. I won't be cramming myself into any cafes with all tables filled either. I would restrict my retailing to a once a week early run to the supermarket and an visit to the open air vege stall and that would be it. Clothes shopping would go on line and I would buy all my clothing through local clothing manufacturers 'Cactus' and 'Ground Effect'. I would likely never set foot in any Warehouse group store ever again and I am sure there would be many others thinking the same way. How would that behaviour roll into the 'open for business' modelling?
SNOOPY
This Beagle will be following a very similar course of action but very late evening visits to the supermarket when the numbers are at their very lowest. It might be many years before we go back to level 1 normality so I think companies with the very best online and delivery systems are better positioned.
Sounds like the huge initial catchup / recovery will be short lived and next year in retail could be rather subdued ….maybe going backwards