WHS - Warehouse Group

[Hectorplains]

No comments on his salary ... and I don't know either whether the market experiment will end up to be financially successful.

However - it is do-able. Remember how TradeMe used to eat eBay's lunch here in NZ?

"Used to" being the key words here, BP. Remember too all the me-too Trademe sites that came...and went.  The concept of Market is too late.  The case for an aggregator site in 2023 is just not compelling.

[BlackPeter]

"Used to" being the key words here, BP. Remember too all the me-too Trademe sites that came...and went.  The concept of Market is too late.  The case for an aggregator site in 2023 is just not compelling.

Maybe. Maybe not. I am sure hindsight will tell, but how would you know in advance?

[Hectorplains]

Maybe. Maybe not. I am sure hindsight will tell, but how would you know in advance?

https://www.mentalfloss.com/article/585258/historical-divination-methods-predict-future
or there's analysis and hopefully an increased probability of the outcome matching your expectation.  Whichever floats your boat 

[entrep]

Most vendors on TheMarket outside of the WHS brands offer products of very dubious quality and also outsized prices. Drop shipping type rubbish.

95% of the time I order from the WHS or NL, with a discount code of some sort (TheMarket has them running almost 24/7) and with free shipping via a Vodafone deal (another cost). Margins must be very thin?

You can also tell, by the way other vendors price their items, they do not take TheMarket especially seriously as a sales venue. They're not sharp at all. I've also had many orders from such vendors cancelled because they just don't bother to ship the items.

Plus, we've already seen numerous aggregators fail in New Zealand, for whatever reason.

PlusPlus, no one seems to even know about TheMarket. I only know because I am a bit of a techy/deal hunter. But most others - I think not. Where is the marketing of TheMarket?

Suffice to say I think it's a massive waste of time and money. Reminds me of a much better funded (and more costly to operate in terms of the owner creating massive losses of themselves) version of https://www.fishpond.co.nz/.

[winner (n)]

Heard this story from a friend of a friend today -

How nuts is it that my local Noel Leeming store has the product I want but can't sell to me because their stock is allocated to customers in other regions and waiting for outbound courier and I have to wait for a unit to be delivered from outside of region on inbound courier.

[BlackPeter]

Most vendors on TheMarket outside of the WHS brands offer products of very dubious quality and also outsized prices. Drop shipping type rubbish.

Do you have any data to support this statement, or did you just make that up?

While I have seen as well some outrageously priced stuff on the market (which I didn't buy - i.e. I can't assess the quality), I bought already a lot of "non-warehouse stuff" of good quality and to quite reasonable prices on the market. Your statement is clearly not generally true.

[entrep]

Do you have any data to support this statement, or did you just make that up?

What do you think? I wrote a post on a forum talking about my experience. Not sure how you thought any aspect of it was scientific.

While I have seen as well some outrageously priced stuff on the market (which I didn't buy - i.e. I can't assess the quality), I bought already a lot of "non-warehouse stuff" of good quality and to quite reasonable prices on the market. Your statement is clearly not generally true.

Did you make this up too?

[Hectorplains]

What do you think? I wrote a post on a forum talking about my experience. Not sure how you thought any aspect of it was scientific.

Did you make this up too?

Here's two Web reviews, typically the complaints are about slow and / or drop shipping, product problems and poor service. However; there are all manner of other gripes and grumbles too.

https://pricespy.co.nz/store.php?f=38504 at 1.4 "Bad" (43 of 53 reviews rate their experience as, "bad." 

https://pricespy.co.nz/store.php?f=38504 at 3.6 "Average" (841 reviews, 31% = 1 star, 45% = 5 stars)

So, somewhere between 'bad' and 'average' then.  I'm having flashbacks to old school reports... Usually ending with a comment about, "needing to do better."

[Basil]

Might waddle along and get some more tee shirts today.  One thing they do quite well that many other retailers don't is larger size basic summer wear for big guys.  Good they do something right lol

[BlackPeter]

Most vendors on TheMarket outside of the WHS brands offer products of very dubious quality and also outsized prices. Drop shipping type rubbish.

95% of the time I order from the WHS or NL, with a discount code of some sort (TheMarket has them running almost 24/7) and with free shipping via a Vodafone deal (another cost). Margins must be very thin?

You can also tell, by the way other vendors price their items, they do not take TheMarket especially seriously as a sales venue. They're not sharp at all. I've also had many orders from such vendors cancelled because they just don't bother to ship the items.

Plus, we've already seen numerous aggregators fail in New Zealand, for whatever reason.

PlusPlus, no one seems to even know about TheMarket. I only know because I am a bit of a techy/deal hunter. But most others - I think not. Where is the marketing of TheMarket?

Suffice to say I think it's a massive waste of time and money. Reminds me of a much better funded (and more costly to operate in terms of the owner creating massive losses of themselves) version of https://www.fishpond.co.nz/.

What do you think? I wrote a post on a forum talking about my experience. Not sure how you thought any aspect of it was scientific.

Did you make this up too?

Please accept my apologies - but I am still struggling to understand the information you provided.

You said "Most vendors on TheMarket outside of the WHS brands offer products of very dubious quality"

To make this claim you clearly either must have sampled the majority of all vendors on the market or you must have access to third party data supporting your claim. How else could you know that most vendors on the market offer products of very dubious quality?

Just help us here - how many vendors are there on the market, and of how many of them did you sample the quality of the products so that you know they are dubious?

You stated: "95% of the time I order from the WHS or NL, with a discount code of some sort (TheMarket has them running almost 24/7) and with free shipping via a Vodafone deal (another cost). Margins must be very thin?"

95% of the time you order from the WHS or NL? To achieve this percentage you must have ordered at least 20 times (or a multiple thereof) from them ...

This is a lot. Great to hear from a loyal Warehouse and NL customer - which means you absolutely must love their quality and prices, it is just the market you are unhappy with. Right?

You said "I've also had many orders from such vendors cancelled because they just don't bother to ship the items" Wow. You say that most non WHS or NL vendors offer products of dubious quality, and you say as well that you had many of your orders from them cancelled. You don't specify "many" but in common English this is typically the majority of a number close to 10 or above.

So you are saying  you ordered at least something like 20 times with non WHS vendors despite knowing that the majority of these vendors offer products of dubious quality and in at least half of these times your order got cancelled? Though obviously - you can't really know the quality of the products where the order got cancelled, given that they (according to your claim) never arrived you, but I trust you had this information already before, did you?

You see, that this all is a bit confusing. do you?

[entrep]

BlackPeter, I can spot a junky dropship type product a mile away, without ordering it. You'll just have to take my word on that I'm afraid.

That established, I believe the rest of your points answer themselves.

[winner (n)]

Punters couldn't believe share price fell so much the other day so piling in big time to get the bargain of the year

Share price could be back over 3 bucks soon

[Waltzing]

look this tick is a dead horse....

forget it...

flogging a dead horse....

she will go down at the next fence...

[Basil]

2:28 Its a dog, its a dog pal
https://www.youtube.com/watch?v=vziHnwB_mkM&t=15s
average analysts price target $3.53 lol https://www.marketscreener.com/quote/stock/THE-WAREHOUSE-GROUP-LIMIT-6491364/consensus/
Obviously, none of them know preferred stock from livestock.

[Hectorplains]

Here's one for you, WaltzyYou cannot view this attachment.