WHS - Warehouse Group

[winner69]

JB HIFI Accounts show they have a 18% Gross Margin implying a 22% markup

Whether this includes rebates/marketing allowances I have no idea

[percy]

JB HIFI Accounts show they have a 18% Gross Margin implying a 22% markup

Whether this includes rebates/marketing allowances I have no idea

Rent 8% of revenue.Wages 8% of revenue.Other overheads 1%.Profit 1% of revenue.?
So profit/loss would be greatly influenced by the stock take.?
A few bad buys,and a bit of old stock, and your profit would evaporate.
SCY's latest result just shows what can go wrong in retail.

So back to Red/Blue sheds.From what I can understand,Blue sheds attract a good number of business people, buying stationery for their businesses.I do not see them wanting to line up in a Red shed que.

[BlackPeter]

So back to Red/Blue sheds.From what I can understand,Blue sheds attract a good number of business people, buying stationery for their businesses.I do not see them wanting to line up in a Red shed que.

You might be right .... its just that I can't remember ever having seen queues in a blue shed. Lots of space, normally more staff than customers in the shed and yes, few customers around (I remember several times when I was the only one ...). And yes, while I am not a regular customer, I try from time to time (normally to find out that I get better product somewhere else). Always wondering how the blue sheds make money (if they do );

[winner69]

Rent 8% of revenue.Wages 8% of revenue.Other overheads 1%.Profit 1% of revenue.?
So profit/loss would be greatly influenced by the stock take.?
A few bad buys,and a bit of old stock, and your profit would evaporate.
SCY's latest result just shows what can go wrong in retail.

So back to Red/Blue sheds.From what I can understand,Blue sheds attract a good number of business people, buying stationery for their businesses.I do not see them wanting to line up in a Red shed que.

Noel Leeming ratios much the same .....razor thin margins and not margin for error eh

[Balance]

https://www.nzx.com/announcements/317411

Chief Operating Officer, Chief People Officer, Chief Digital Officer etc - fancy titles indeed.

Why is there no 'Chief Profit Growth Officer'? The company needs this executive than all the others combined!

[carrom74]

https://www.nzx.com/announcements/317411

Chief Operating Officer, Chief People Officer, Chief Digital Officer etc - fancy titles indeed.

Why is there no 'Chief Profit Growth Officer'? The company needs this executive than all the others combined!

May I add "Chief get rid of them all officer" Balance?

[winner69]

Nothing new but all this restructuring in the paper. Good to see McKinsey involved

https://www.nzherald.co.nz/business/...ectid=12044037

Those top managers that survive the carry ons will definitely deserve their huge bonuses

[kiwitrev]

Nothing new but all this restructuring in the paper. Good to see McKinsey involved

https://www.nzherald.co.nz/business/...ectid=12044037

Those top managers that survive the carry ons will definitely deserve their huge bonuses

James Pascoe ups stake from 18.6% to 19.6%, very close to threshhold

[winner69]

James Pascoe ups stake from 18.6% to 19.6%, very close to threshhold

Wonder what their plans are ...... besides an averaging down strategy

[winner69]

Q3 sales

Quite a few minuses (ie sales going backwards) but all so encouraging and positive. Nick says the strategy is working. That’s good

All on track to get those big bonuses

http://nzx-prod-s7fsd7f98s.s3-websit...835/279025.pdf