WHS - Warehouse Group

[percy]

With the workers remaining likely to be paid less Nick could will be earning more than 40 times the median wage of all workers

One thing Nick hasn’t understood in the years he has been in charge is that online isn’t going to save The Warehouse ..just good talking about ‘omnichannel marketing’ ....he’s useless.

That is a matter of opinion.
I do note the "top" retailers ie Hallensteins and Briscoes have been "saved" by their strong online channels.
Hallensteins are targeting 30% of revenue from online,in the not to distant future.
Warehouse need to concentrate harder,ie revenue is increasing on line yet costs/logistics need to improve. .

[bull....]

be no dividend paid now , the PR backlash would be a disaster

[winner69]

Capitalism at work as intended. Staff want higher wages, they have to work harder and smarter to earn them.

.....but The Warehouse will soon find out that ‘capitalism at work’ will piss customers off and then they’ll wonder what went wrong as sales decline

[Panda-NZ-]

Short term hardly matters. This is about setting up for the long term to thrive and remove inefficiencies.

This will help it to compete against offshore tax evading businesses like amazon, ebay etc

[percy]

It is a matter of adapt or die.

[winner69]

Short term hardly matters. This is about setting up for the long term to thrive and remove inefficiencies.

This will help it to compete against offshore tax evading businesses like amazon, ebay etc

I’ve heard WHS management say exactly that many many times over the years

Survival is ongoing as they say ....but they haven’t or a not really adapting to the new world

[Panda-NZ-]

Well, they have survived so far haven't they, esp if you include dividends in the share price too. Some of the expensive debt has been retired recently too.

[dubya]

https://www.stuff.co.nz/business/300...covid19-excuse

[winner69]

Hope the market reacts favourably to all this good news

Greater profits ...higher share price

[Beagle]

.....but The Warehouse will soon find out that ‘capitalism at work’ will piss customers off and then they’ll wonder what went wrong as sales decline

To be quite honest about it mate I have never gone into a Warehouse and expected even a moderate standard of helpful staff assistance. Cheap prices usually go hand in hand with pretty average customer service don't they ?