WHS - Warehouse Group

[Basil]

Gosh, Didn't WHS's top guy at Noel Leeming leave and take up the role at JB Hi Fi a while back ?
Amazing that JB Hi Fi can perform like that with the well-known pullback in big ticket white wear and brown wear goods.  Surely one person doesn't make that much difference or maybe they do ?

Imagine how WHS could perform if they could get rid of Nick, his horrendous salary and all his stupid mini Amazon idea's and tens of millions per annum in the market losses.

[Waltzing]

They will have to cut of loose... bit of a loss... before its a noose round the neck... oops it already is a moose on the loose...

https://www.youtube.com/watch?v=REvcyOW8S6U

[winner (n)]

Gosh, Didn't WHS's top guy at Noel Leeming leave and take up the role at JB Hi Fi a while back ?
Amazing that JB Hi Fi can perform like that with the well-known pullback in big ticket white wear and brown wear goods.  Surely one person doesn't make that much difference or maybe they do ?

Imagine how WHS could perform if they could get rid of Nick, his horrendous salary and all his stupid mini Amazon idea's and tens of millions per annum in the market losses.

Yes the NL man did end up at JBH .....and JBH done very well since compared to NL

[winner (n)]

WHS should be reporting Feb/April quarter sales next couple of weeks

Wonder how they going, esp NL v what JBH have reported.

Group wise no doubt we will hear a lot about staggering growth in grocery sales and the zillions of The Market customers .......but not much said about the rest of the group going down the gurgler

[Sideshow Bob]

Group wise no doubt we will hear a lot about staggering growth in grocery sales and the zillions of The Market customers .......but not much said about the rest of the group going down the gurgler

I just want to hear about how many eggs they are selling......

[Clearasmud]

I just want to hear about how many eggs they are selling......

Sad company, jeez I'd hoped it had turned the corner finally.

[Basil]

Sad company, jeez I'd hoped it had turned the corner finally.

They need to get rid of Nick and his stupid idea's.  No corner to be turned before then.

[winner (n)]

Nick didn't mention the metaverse last time around .....still part of the ecosystem?

Just to remind Nick I sent him this article from Strategy + Business. Will love reading it ...and chase up his marketing and IT teams.

How business leaders should think about the metaverse in 2023
https://www.strategy-business.com/article/How-business-leaders-should-think-about-the-metaverse-in-2023

[Hectorplains]

They need to get rid of Nick and his stupid idea's.  No corner to be turned before then.

Of course, if you turn enough corners, you'll end up going around and around in circles.

[Basil]

Of course, if you turn enough corners, you'll end up going around and around in circles.

That is true but if you stay on a straight road to nowhere...

[winner (n)]

Tom always on the ball as usual

I've asked our Nick if he's employed a few AI Prompt Engineers to his Marketing / IT teams.

As Tom says -

The AI Prompt Engineer is suddenly an in-demand job, as organizations scramble how to work with generative AI. Insider recently reported salaries up to $375k for prompt engineers, even for those without a tech background.

It's currently a seller's market and "AI Prompt Engineer" is getting added to many a LinkedIn profile.

You cannot view this attachment.

[Waltzing]

actually its more a Criminal Psychologist job...

no your just giving me generative BS.....

Sales force is using it to consolidate email information on sales...  imagine it....

wonder what bribes it will take ... look ive got this avatar who looks really great .... Come BOTY whats your game ....

 

[Onemootpoint]

What is Temu and why is it suddenly everywhere?

https://thespinoff.co.nz/business/10-05-2023/what-is-temu-and-why-is-it-suddenly-everywhere

The final paragraph of this article shoots off a warning to certain retailers;

"What impact is Temu going to have in New Zealand?
While it's still early days, the New Zealand-based retailers who are most threatened by the existence of Temu and its ilk are the brick-and-mortar stores that also sell very cheap things – except they have to pay rents and wages in New Zealand dollars. Kmart, The Warehouse and two dollar shops will have to be on the alert. "

[Left Field]

FY23 Q3 Update a bit better than some were predicting?

https://www.nzx.com/announcements/411305

Total Group sales were $801.3 million in FY23 Q3, an increase of 3.8% on the same period in FY22.

• The Warehouse sales were $444.1 million, up 10.5% compared to the same period last year.
• Warehouse Stationery sales were $65.7 million, down 2.5% compared to the same period last year.
• Noel Leeming sales were $247.8 million, down 3.4% compared to the same period last year.
• Torpedo7 sales were $35.4 million, down 3.0% compared to the same period last year.

The Warehouse Group ended the third quarter showing some improvements in its trading performance, despite a challenging consumer environment.

The third quarter brought year to date sales to $2.6 billion, up 4.5% compared to the prior period year.

Group gross profit was $272.2 million in FY23 Q3, down 0.9% on prior period, resulting in $865.6 million gross profit year to date, down 1.0% compared to prior period year to date. Group gross profit margin was 34.0% in FY23 Q3, down 160 basis points compared to FY22 Q3, however an improvement on the gross profit margin of 32.7% reported in the half year.

[winner (n)]

Yes leftie a boomer update from WHS

No mention or groceries though