WHS - Warehouse Group

[Getty]

He stays in flash places but shops cheapand gets more than monies worth lol... no offence Getty. I walk around in my cheap clothes and eat out at ethnic eateries where I get a fair deal... and shop at warehouse

I'm a man of many parts, some think I should depart, lol

I've still got that flash yellow jacket you off loaded onto me tho.

[winner69]

Is Noel Leeming doing well? How so compared to Harvey Norman?

Probably better ...and better than JB HiFi as well

[LaserEyeKiwi]

Man... as bad as Kiwi Saver funds that just buy the S&P500 index ETF and pass on the absurd high management fees to NZ investors. There's no skill in doing that. Think about it ; can't get the brand but you see other retailers having it? Can't integrate it into the current business model? Ok the shareholders will weather the storm by making acquisitions. (if you can't beat them... buy them)

Again.. where's the skill? You know these retail outlets take up a lot of real estate. When I walk in and there's like more staff workers than customers, God I can't image the cost associated in keeping these buildings going. Better find ways of saving like turning the lights off.

Is Noel Leeming doing well? How so compared to Harvey Norman?

Is Noel Leeming doing well???

Lol.

I would recommend go read some WHS earnings reports and then come back here.

[Panda-NZ-]

They need to slash and burn Noel costs like they did in the warehouse.

[winner69]

Noel Leeming Q3 sales up 36%

JB Hi-Fi NZ Q3 sales up 16%

Wonder whose doing better

[Panda-NZ-]

$3.36. .. delicious.

[LaserEyeKiwi]

They need to slash and burn Noel costs like they did in the warehouse.

Check out the investor day presentation. WHS is implementing parallel efficiency upgrades across multiple areas that lower the costs for all their operations (including Noel Leeming).

[winner69]

The Warehouse stops sale of fireworks

https://www.stuff.co.nz/business/125...e-of-fireworks

[Beagle]

BUY I would buy more but already have truckloads.

I couldn't help myself. Investment 101 - Never look a gift horse in the mouth.

[SBQ]

Is Noel Leeming doing well???

Lol.

I would recommend go read some WHS earnings reports and then come back here.

I've seen this guise before. Long ago when I was living in Canada, we use to have many Canadian retail outlets. The short story was, Walmart and Costco came and wiped them all out. The move of doing mergers & aquisitions failed. Why? Because the product supply chains hold the key.

Harvey Norman supply chain vs TWG? I went appliance shopping 2 years ago and went to all the places. Ended up at Harvey Norman because they had better range, better models, and most of all, more competitive pricing. Oh and their floor salesman told me be careful, not all models are the same meaning a Bosch or Westinghouse brand appliance sold at Noel Leeming were sourced from different outlets. He was correct, the Harvey Norman models were sold throughout Australia and other places around the world. The Noel Leeming appliances, many were models only found in NZ. When I think about repairs and sourcing parts... i'm gonna go with the one that is most widespread sold.

Few months ago at a Warehouse Red Shed I saw an Akai brand fridge/freezer. I was like Holy Moly, "When did Akai, a Japanese electronics branded company started making whiteware appliances?" LOOK!

https://www.thewarehouse.co.nz/searc...search-button=