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04-05-2021, 10:24 AM
#4001
Originally Posted by JohnnyTheHorse
Interesting to see they are targeting NZX50 inclusion. Only something like 20% of the shares are eligible for the market cap calculation so there is still a ways to go. Really need Tindall, Foodstuffs or Pascoes to sell down a portion to increase free float.
Disc: one of my largest holdings in long term portfolio.
WHS was part of the NZX50 as recently as 2017. Has the shareholder base changed significantly since then?
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04-05-2021, 11:17 AM
#4002
They are looking to increase capital expenditure.
What are they up to?
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04-05-2021, 11:23 AM
#4003
Originally Posted by ratkin
They are looking to increase capital expenditure.
What are they up to?
for store refurbs , new it system to cut costs.
one step ahead of the herd
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04-05-2021, 11:27 AM
#4004
biggest cost savings will come from swas ( store within a store ) probably makes sense on marginal stores to do this , the profitable store will remain stand alone. savings on leases and staff which they say are on there minds as risks. mentioned on this thread donkey years ago swas was the way to go
growth in NL thru value add services + sales and growth in WHS thru home branding , business hubs + sales while maintaining margins and reducing costs
Last edited by bull....; 04-05-2021 at 11:34 AM.
one step ahead of the herd
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04-05-2021, 12:27 PM
#4005
Originally Posted by winner69
JB Hifi Q3 sales up 16%
That's pretty good ....bodes well for Noel Lemming sales
super retail out saying there sales ahead of last yr and margins are still strong at the moment also nick scalia saying there sales are looking up 100% on the 100% last yer
one step ahead of the herd
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05-05-2021, 09:34 AM
#4006
WHS to stop stocking DVD/Blu-rays in stores due to lack of demand (will still sell online, and have some new release titles in store and some school holiday stock). After reading through yesterdays investor day slide deck, I can see how this lines up very well with their inventory management improvements.
I very much approve of WHS effort to become both New Zealand's version of Amazon.com, as well as maintaining profitable physical store network. It is a juggling act though, and usually these sort of attempts are best done by separating management of both efforts, which they sort of have done with themarket.com (but its dependant on how tight a leash management has them on - for instance how often, if ever, does themarket.com offer products from non-WHS owned stores that undercut in price the WHS-owned offerings? If the answer is never, then themarket.com chances of becoming the amazon.com of NZ are slim).
Last edited by LaserEyeKiwi; 05-05-2021 at 09:40 AM.
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05-05-2021, 10:20 AM
#4007
Quarter sales report due this week for WHS possibly Friday... The Warehouse where every shareholder gets a bargain
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05-05-2021, 10:29 AM
#4008
Originally Posted by LaserEyeKiwi
WHS to stop stocking DVD/Blu-rays in stores due to lack of demand (will still sell online, and have some new release titles in store and some school holiday stock). After reading through yesterdays investor day slide deck, I can see how this lines up very well with their inventory management improvements.
I very much approve of WHS effort to become both New Zealand's version of Amazon.com, as well as maintaining profitable physical store network. It is a juggling act though, and usually these sort of attempts are best done by separating management of both efforts, which they sort of have done with themarket.com (but its dependant on how tight a leash management has them on - for instance how often, if ever, does themarket.com offer products from non-WHS owned stores that undercut in price the WHS-owned offerings? If the answer is never, then themarket.com chances of becoming the amazon.com of NZ are slim).
They take up quite a bit of space in the red sheds, and the section normally devoid of customers. Hardly anyone buys physical copies of games etc anymore, and most people stream music through spotify. As for the movies, with all the streaming services now available there little point buying one in a shop.
Back in the early/ mid 90s those sections of the store would be packed with customers.
Be interesting to see what they do with the extra space.
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05-05-2021, 10:53 AM
#4009
Originally Posted by ratkin
They take up quite a bit of space in the red sheds, and the section normally devoid of customers. Hardly anyone buys physical copies of games etc anymore, and most people stream music through spotify. As for the movies, with all the streaming services now available there little point buying one in a shop.
Back in the early/ mid 90s those sections of the store would be packed with customers.
Be interesting to see what they do with the extra space.
No more DVDs, no more jewellery counters - and I saw in the investor deck they are adding clothes tables (which they said are common in the clothing retail industry as they allow much more stock in the same floor space.) I wonder if they will move the electronics section (TV/Audio/phones/tablets etc) into the warehouse stationary area in those stores that have it as SWAS (Store-within-a-store)
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05-05-2021, 11:21 AM
#4010
Seems we have exciting times with all these changes in the Red Sheds
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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