WHS - Warehouse Group

[bull....]

all the retailers not to good today .... is there rumours of black friday sales not that good?

[Habits]

all the retailers not to good today .... is there rumours of black friday sales not that good?

Black Monday sale... hlg is still up over last two days so not all gloom

[see weed]

all the retailers not to good today .... is there rumours of black friday sales not that good?

Black Friday started on Thursday with some stores eg Farmers Sylvia Park. Hallensteins Sylvia Park seems to be doing all right selling $87,000 of clothes over two days Fri. and Sat. and that doesn't include Glassons which looked to be twice as busy as Hallensteins. I didn't ask Hallensteins what they hauled in on Thursday or Sunday, but would guess over 4 days would be $160k plus.

[LaserEyeKiwi]

Ended up buying an xmas gift for my better half today - it was a designer bag that she had on her wish list. Not at all the type of thing that would ever be sold at the warehouse. On the off chance I googled the product name to see if i could get it anywhere else other than the designer store.

A link for themarket.com pops up - and it’s eligible for the 10% Black Friday sale discount - and free shipping.

I am still getting the bag from the same designer store - it just so happens they also sell through themarket.com.

I dont know the exact mechanics of what sort of commission the warehouse group gets out of this, but it appears they are now getting a cut of sales from designer stores while at the same time undercutting those same stores on price, and not even needing to handle logistics. I guess its a win-win for the designer stores who don’t like discounting in their own retail stores (it often can be seen as “cheapening” a luxury brand)

[dreamcatcher]

Yes LEK this new variant may put the European holiday on hold for another year.

Noel lemming will suck up those travel dollars and sell more big ticket items

Book your holiday in a few weeks........

"Covid symptoms linked to the new omicron variant have been described as "extremely mild" by the South African doctor who first raised the alarm over the new strain"

[LaserEyeKiwi]

Book your holiday in a few weeks........

"Covid symptoms linked to the new omicron variant have been described as "extremely mild" by the South African doctor who first raised the alarm over the new strain"

Not true at all (see image below). It is simply too early at present to know anything about the new variant, other than it is more effective at spreading than the delta variant.

B6100887-A192-4AC9-A2C2-78DDF20F90D0.jpg

What is more, this is just a reminder that new variants are created constantly and is really the biggest argument to keep closed borders and/or mandatory MIQ for a lot longer than initially planned.

[Waltzing]

Bit of a fizzler today...

[dreamcatcher]

Seems UK thinks new omicron a bit of a non event as starting direct flights Tuesday to South Africa

https://www.capetownetc.com/featured...Qs_X_67lh-ZNpc

[LaserEyeKiwi]

quote from a news story this morning:

Jonathan Waecker, chief customer officer for The Warehouse Group, said they’ve seen an increase in sales compared to last year as Black Friday and Cyber Monday gained momentum in New Zealand.

[winner69]

Mr Waecker elaborated a bit on that. From BusinessDesk

The Warehouse Group has also seen a change in shopper habits. Waecker said this was especially noticeable during Black Friday sales.

“They’re definitely a lot more purposeful. In the past, we’ve had more people browsing versus purchasing.

"This year, we’ve seen people coming in, they’ve done the research on our website and know exactly what they’re looking for,” he said.

Waecker said these shoppers build their baskets and walk out of the store without browsing.

Sales for Black Friday may have provided a silver lining to a turbulent year, but there are still hurdles for the sector. Waecker points out the level of stimulus in the market is different this year.

“Last year, there was more money moving in. This year has been impacted by the OCR (official cash rate) increasing and less government stimulus.”

Economic factors paired with supply chain issues are likely to be around for a while yet.

https://businessdesk.co.nz/article/r...friday-rewards




Next month should be OK for sales but after that who knows.