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  1. #3961
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    Quote Originally Posted by winner69 View Post
    Good on you for paying .....I'm told the game is to scan everything but dont proceed past the pay option....just pretend to swipe your card
    Every time I've been in the Warehouse staff members have been watching the green lights at the top of self-checkouts. There are most likely cameras also trained on individuals using the machines which could easily be triggered should items leave the checkout without payment being processed.

  2. #3962
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    Quote Originally Posted by winner69 View Post
    More redundancies ...and prob getting rid of those stupid jewellery departments

    More profit for shareholders

    Good stuff

    https://www.stuff.co.nz/business/124...ndancy-rumours
    good move i reckon probably not a big profit generator and was mainly costume jewellery too wasnt it. so like you say more profit , less inventories , less staff = big win for the bottom line
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  3. #3963
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    Quote Originally Posted by winner69 View Post
    More redundancies ...and prob getting rid of those stupid jewellery departments

    More profit for shareholders

    Good stuff

    https://www.stuff.co.nz/business/124...ndancy-rumours
    I know that the company is still employing new staff for replacements in other areas. This is just about the jewellery side winding down i think and could possibly reduce MHJs competition and good for them
    Last edited by Habits; 17-04-2021 at 08:32 AM.

  4. #3964
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    Quote Originally Posted by Habits View Post
    I know that the company is still employing new staff for replacements in other areas. This is just about the jewellery side winding down i think and could possibly reduce MHJs competition and good for them
    Didn't they say they were open to acquisitions? I wonder if this is a signal that they maybe looking at acquiring an established jewellery chain.

  5. #3965
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    Quote Originally Posted by LaserEyeKiwi View Post
    Didn't they say they were open to acquisitions? I wonder if this is a signal that they maybe looking at acquiring an established jewellery chain.
    The Normanís could help them out

    But James Pascoe Group sales are more than the WHS sales
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  6. #3966
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    Quote Originally Posted by winner69 View Post
    The Norman’s could help them out

    But James Pascoe Group sales are more than the WHS sales
    They could acquire a smallish chain and then use its experience to build out a bigger national presence, maybe someone like Walker & Hall or Silver Moon.

    Alternatively, Michael Hill market cap is currently $340 million...

  7. #3967
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    The Warehouse has confirmed it is proposing to close its jewellery counters but isn’t saying how many jobs are on the line

    https://www.stuff.co.nz/business/124...llery-counters
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  8. #3968
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    When did they say they were looking for acquisitions? Wasn't it Rod Duke (Briscoes) that were on the hunt for something else? Or are both retailers looking?

    Either way don't think MHJ would be on their radar. The Hills family own ~50% of the company and I imagine they wouldn't part with the company they built until M. Hill is in jewelry heaven.

  9. #3969
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    Quote Originally Posted by Rawz View Post
    When did they say they were looking for acquisitions? Wasn't it Rod Duke (Briscoes) that were on the hunt for something else? Or are both retailers looking?

    Either way don't think MHJ would be on their radar. The Hills family own ~50% of the company and I imagine they wouldn't part with the company they built until M. Hill is in jewelry heaven.
    said after earnings: Warehouse Group's balance sheet ready for acquisitions, says CEO Nick Grayston

    https://www.nzherald.co.nz/business/...OIVJWZCRF6GKE/



  10. #3970
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    Quote Originally Posted by LaserEyeKiwi View Post
    said after earnings: Warehouse Group's balance sheet ready for acquisitions, says CEO Nick Grayston

    https://www.nzherald.co.nz/business/...OIVJWZCRF6GKE/

    Thank L.E.K. I missed that. Was too busy looking at the glorious margin + sales growth

    I guess if they can do another Noel Leeming purchase, which has turned over very successful, we are in for a treat.

  11. #3971
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    With the Normans having a sizeable chunk of WHS shares this could be one of the more probable options. With the Normans well into retirement age, that would be a way out of their business holdings and upgrading the current WHS jewellery kiosks with a more upmarket, but still affordable transplanted Pascoes footprint. They have been playing a long game and will have done well out of their holdings as well as their WHS position.
    Quote Originally Posted by winner69 View Post
    The Norman’s could help them out

    But James Pascoe Group sales are more than the WHS sales
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  12. #3972
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    why not just merge the 2 groups into a giant retailer. then warehouse can have book section , jewelery section , clothing section. all those synergies ahhh
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  13. #3973
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    The Warehouse Group has increased public access to electric vehicle rapid charging with the expansion and upgrade of its charging station infrastructure

    https://www.thewarehousegroup.co.nz/...tion-expansion
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  14. #3974
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    Quote Originally Posted by bull.... View Post
    The Warehouse Group has increased public access to electric vehicle rapid charging with the expansion and upgrade of its charging station infrastructure

    https://www.thewarehousegroup.co.nz/...tion-expansion
    Really doesn't gel though as I can't imagine Warehouse clients driving EV?
    All good though because paid for by EECA?
    "The rapid charger network expansion was enabled by a $265,000 grant from the Energy Efficiency and Conservation Authority (EECA) as one of the 21 projects approved by the EECA Board for funding in 2020.

  15. #3975
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    Quote Originally Posted by kiora View Post
    Really doesn't gel though as I can't imagine Warehouse clients driving EV?
    All good though because paid for by EECA?
    "The rapid charger network expansion was enabled by a $265,000 grant from the Energy Efficiency and Conservation Authority (EECA) as one of the 21 projects approved by the EECA Board for funding in 2020.
    Will be very useful in the more regional warehouses. For example the one in Greymouth, nip in with the EV, charge up, go shopping and continue trip along the coast

  16. #3976
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    Quote Originally Posted by ratkin View Post
    Will be very useful in the more regional warehouses. For example the one in Greymouth, nip in with the EV, charge up, go shopping and continue trip along the coast
    Disappointed Nelson is not on their list :-(

  17. #3977
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    Quote Originally Posted by iceman View Post
    Disappointed Nelson is not on their list :-(
    charging stations will be everywhere soon, but it is a good sign to see the company taking these type of initiatives, shows they are back on their game.

  18. #3978
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    Quote Originally Posted by kiora View Post
    Really doesn't gel though as I can't imagine Warehouse clients driving EV?
    All good though because paid for by EECA?
    "The rapid charger network expansion was enabled by a $265,000 grant from the Energy Efficiency and Conservation Authority (EECA) as one of the 21 projects approved by the EECA Board for funding in 2020.
    plenty rich people shop warehouse for stuff. how do you think they got rich lol
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  19. #3979
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    JB Hifi Q3 sales up 16%

    That's pretty good ....bodes well for Noel Lemming sales

  20. #3980
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    The Warehouse Group to offer staff free period products in work bathrooms

    https://www.stuff.co.nz/business/ind...work-bathrooms


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