We need these NZ retail companies to stay profitable. If they don't then NZ will suffer as stores are closed.
From a macro point of view it's very concerning where we are heading.
It does look like management are making better decisions. But who really wants to stay invested in the WHS at the moment as the turn around will take a few financial years.
We need these NZ retail companies to stay profitable. If they don't then NZ will suffer as stores are closed.
From a macro point of view it's very concerning where we are heading.
It does look like management are making better decisions. But who really wants to stay invested in the WHS at the moment as the turn around will take a few financial years.
outfits like the warehouse are stuffed ( not noel leeming ) as they cannot compete against the likes of temu/shein in the same product categories
outfits like the warehouse are stuffed ( not noel leeming ) as they cannot compete against the likes of temu/shein in the same product categories
I bought $180 worth of winter kids clothes from temu the other day. Hasnt been delivered yet. Looking forward to seeing the quality and if sizing is correct. Everything was $5 to $10 a piece.
Usually we buy our kids clothes from Farmers. Their price to quality is pretty good. But when you are buying 3 long sleeve t-shirts for $16.77 its hard to pass up. Farmers current special is buy 2 for $30!!!
Temu is a major major issue for the WHS and others. Not sure how the big brick and mortar stores will be able to beat it?
on boarding for the big profitable food push. but foodstuff's and woolworths tell us the margins are only 2% on food lol
Tui ad right there.....
From what I understand, it is 5% net to the bottom line for a Foodstuffs owner.
While I would think the perception of the Red Sheds is reasonably negative compared to Kmart etc, their efforts of food will be appreciated by many. Not sure how much 'cross-sales' takes place, but must increase food traffic.
Now fire the CEO and this could be a buy. Absolute plonker.
Actually he has taken a big pivot here - shedding his kingdom building by closing down themarket.com and selling off T7. Gross margins increasing, staffing costs down. Net debt almost down to zero, winding down tech capex.
I’m not holding, but looks like a fairly responsible turn around all of a sudden.
on a related note, its crazy there Wellington store has been closed for what seems like about a year now following what was a minor fire.
Last edited by LaserEyeKiwi; 20-03-2024 at 10:08 AM.
Originally Posted by bull....
feb sales down double digits
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