WHS - Warehouse Group

[Jaa]

The warehouse should absolutely stay open and shift its product range to essential items and food. No one has the purchasing, warehousing and logisitics capabilities in NZ that they do outside the 2 supermarkets.

NZ is paying the price in lack of access and security of supply for having only 2 supermarket chains. Now is a great opportunity for the warehouse to achieve their long held goal of operating hypermarkets (goods & food). We should all encourage them to do so.

[Bobdn]

Yes and supermarkets unlike the Warehouse sell cigarettes. Surprised that supermarkets are allowed to stay open in the circumstances, given the high correlation between smoking and virus death rates.

[trackers]

The warehouse should absolutely stay open and shift its product range to essential items and food. No one has the purchasing, warehousing and logisitics capabilities in NZ that they do outside the 2 supermarkets.

NZ is paying the price in lack of access and security of supply for having only 2 supermarket chains. Now is a great opportunity for the warehouse to achieve their long held goal of operating hypermarkets (goods & food). We should all encourage them to do so.

Sounds like wishful thinking, there's literally nothing the Warehouse sells that is essential.... chips lolly and bottles of coke?

[Bobdn]

Infant formula and a full range of other grocery items but your argument is why I sold some shares this lunchtime. This govt is highly influenced by social media, online petitions and feels. Best to assume the worst (and that they will ignore logic) and put more cash in my bank.

[peat]

I'm already a little intolerant of guvmint telling so many people what to do and not do. It always gets to be a farce begging for corruption to slide into the mechanics of the system.

Yeh I know, it will save tens of thousands of lives (they think) , but all I'm saying is - if I feel this way before it even starts how am I gonna feel in a months time when lots of companies declare insolvency.

Socialism always gets bigger.

[Beagle]

https://www.nzherald.co.nz/business/...ectid=12319432

Industry heavyweight Rod Duke weigh's in (in a big way), on this debate. He doesn't hold back ! No need for me to bark about this issue, the BIG DOG Rod has barked up a real storm !!

[winner69]

Nick working overtime trying to convince the guy at MBIE that he is 'essential'

Using his usual charm

[Zaphod]

Clarifying the definitions of an essential service is an issue that will definitely need to be sorted out after this pandemic has passed. In the mean time, I take it as rather fluid.

[Bobdn]

https://www.stuff.co.nz/national/hea...uring-lockdown

PM hinting Warehouse will be closed. No surprises there.

[mikeybycrikey]

This trading halt mea culpa must've been pretty embarrassing to write:

The Warehouse Group Limited (“Warehouse Group”) has agreed with the NZX to place the ordinary shares (“WHS”) and the bonds (“WHS020”) of the Group in trading halt. There is considerable uncertainty around what meets the definition of essential businesses and which products and services they are able to provide. The Warehouse Group is in discussions with government on what categories within The Warehouse will be available post escalation to COVID-19 Alert Level 4. The Group will make an announcement when there is better definition of this, and will then request the trading halt is lifted. It is expected that this will be by tomorrow morning.

Hopefully there are some repercussions for being too quick early this morning with their initial trading update.