WHS - Warehouse Group

[Slowlearna]

http://www.stuff.co.nz/business/indu...points-analyst

Craigs seem to like the result
Midday Markets: September 16 (1:18)

[macduffy]

In their presentations they have Operating Profit .....essentially EBIT .... for each business

Thanks, winner.

I'd read the announcement but somehow missed the full presentation. Red Sheds" Operating Profit is shown there as +5.3%. A pretty good result given current retail conditions.

[kiwitrev]

On reading Forbar statement a bit more thoroughly my take is as follows:
Forbar have grossly overestimated 2013 profit. They are not advising to sell but reduce but in the next breath expect 2014 result to come in at increase of 12% to $85m. In my book this is confusing as the headline would give a false impression. By any measure a 12% bottom line gain following a 13% gain in retail let alone other business category would be welcome. If you were of a mind to accept their 2014 projection surely this would be bullish for the SP.

[bull....]

all these bad press didnt really affect the price most people must be happy

[percy]

Store visit today.
Store Northlands Mall.
Objective,To buy a photo frame and loo paper,which was also on special at Countdown.
Could not find photo frames in stationery section.Asked.Down the back corner.Selection not bad.20% off said the sign.
Loo paper did not appear to be on special,yet thought we saw it in last night's mailer.
Brought the photo frame but not given the 20% discount.
Counter staff a sow cow.
Store lay out ,hopeless.Brought loo paper at Countdown. Overall result 3 out of ten,made up by a 2 for staff member who directed me,and a 1 for having something near to what I wanted.Proves to me WHS is still a dreadful place to shop.
Then went to Bunnings at Tower Junction.
Met by a friendly staff member at the entrance,and directed to where I would find the Lamp Capsule I wanted.
Found what I wanted.Excellent store layout.
Wished a nice day by the friendly check out staff member. Overall result 10 out of 10.

[born2invest]

Store visit today.
Store Northlands Mall.
Objective,To buy a photo frame and loo paper,which was also on special at Countdown.
Could not find photo frames in stationery section.Asked.Down the back corner.Selection not bad.20% off said the sign.
Loo paper did not appear to be on special,yet thought we saw it in last night's mailer.
Brought the photo frame but not given the 20% discount.
Counter staff a sow cow.
Store lay out ,hopeless.Brought loo paper at Countdown. Overall result 3 out of ten,made up by a 2 for staff member who directed me,and a 1 for having something near to what I wanted.Proves to me WHS is still a dreadful place to shop.
Then went to Bunnings at Tower Junction.
Met by a friendly staff member at the entrance,and directed to where I would find the Lamp Capsule I wanted.
Found what I wanted.Excellent store layout.
Wished a nice day by the friendly check out staff member. Overall result 10 out of 10.

Funny you mention Bunnings because I work at the Warehouse and prefer to shop at Bunnings too.

The staff there are so much friendlier and more knowledgable.

[percy]

Funny you mention Bunnings because I work at the Warehouse and prefer to shop at Bunnings too.

The staff there are so much friendlier and more knowledgable.

Your post pleasantly surprised me, just as I was surprised at the difference in stores this morning.
Thought I may have been in for a war of words.

[winner69]

Funny you mention Bunnings because I work at the Warehouse and prefer to shop at Bunnings too.

The staff there are so much friendlier and more knowledgable.

OMG - that's treason. I can envisage the IT dept tracking you down ....hope you didn't post that from a work computer

So the much touted "Love Your Customer" program not working?

[kiwitrev]

And I was surprised to see you state that you are amongst the less friendly and knowledgable

[CJ]

Funny you mention Bunnings because I work at the Warehouse and prefer to shop at Bunnings too.

The staff there are so much friendlier and more knowledgable.

do you think the "living wage" plan will address this or is it just money to the bitter old long term employees?