WHS - Warehouse Group

[Auto Rower]

Yes catchy tunes Basil perhaps that's what's needed heartland seem to like catchy tunes in their adverts also could be interesting to see the next results now they have dumped torpedo and all the other crap .

[winner (n)]

ROFL..  I actually quite like their new catchy new T.V. advertisements. If that doesn't boost their sales a bit you can turn the lights out, its all over.
You guys reckon this add campaign is any good ?  Could it stop the rot for a while ?
https://www.youtube.com/watch?v=vaFLIaimlsM

Comments are interesting

Collie owners think dog didn't want to be there

Best one though - Bob the Builder did it better

[Basil]

Comments are interesting
Collie owners think dog didn't want to be there

I reckon they should have asked GNE if they could borrow the Beagle from their adds.   This is a lot better inclusion of a very cute dog.  https://www.youtube.com/watch?v=yOC0FMl0OIs  Comments are turned off on that add, maybe the public thought it was stupid lol

[Auto Rower]

Anything is better than the poor st Bernard in the A N Z Ben & Amy ad even a Beagle .
 Time to start a separate thread for best catchy advert to Inspire shoppers

[Shareguy]

One of the oldest warehouse stores in Pakuranga is closing with staff to lose their jobs. Kmart,Temu,road works for the busway and the newly opened Panda Mart final nail in the coffin.

[Jay]

Before Panda mart, WHS and countdown the main "attraction"
Don't know how what's left will survive.
When the Bus Hub is finished might bring in a few more?

[Basil]

One of the oldest warehouse stores in Pakuranga is closing with staff to lose their jobs. Kmart,Temu,road works for the busway and the newly opened Panda Mart final nail in the coffin.

I remember you telling me the place was like a morgue a while back.  Their very old New Lynn store which is closest, also has a feel to it that can perhaps best be described as it feels like it's on borrowed time.  I suspect there are a large number of older stores around the country that will suffer the same fate in the years ahead.  My contention is that brands have a life cycle and the WHS is a very, very old and tired brand and in systemic decline.

[Ferg]

https://www.nzx.com/announcements/441484

Trading update - Q1 sales are down -2.5% on the same period last year.

[Otago K]

https://www.nzx.com/announcements/441484

Trading update - Q1 sales are down -2.5% on the same period last year.

Indeed, personally I can see no reason to have $ invested at this point of time, might checkin again in 12 months time, leave a few $ on call if any interest and get some sort of return in the mean time.

[Basil]

It's all okay because we are doing less worse than we were lol.

[Shareguy]

FB latest is grim reading. Underperform ie sell $.90

[Basil]

Norman's might rue turning down $1.60
Might be trading at less than half that soon.
I see they made quite a big deal in their announcement about bringing down everyday prices...down 7% year on year from memory.
Last year the net margin was razor thin already.

[winner (n)]

Forbar - forecast the group to be broadly break-even in FY25, and to suspend dividends until FY26.

They probably right

[Basil]

So shareholders the sacrificial lamb again with no divvies. Are the hoards of fat cats earning $200K plus giving up any of their salary? Are the directors foregoing any of their fees?

Far too many pigs with their snout in the trough. It's just a retailer, they're not rocket scientists.

They need some external hard nosed accountant to really get stuck in and trim all the fat. I think I know someone who would be really good lol

[winner (n)]

At AGM today Joan was all excited about the changes being made in Red Sheds

Had to laugh at this bit from a Businessdesk article -

One on-trend item that the Warehouse has picked up on is the EVA beach tote – a customisable beach bag that has gained prominence on social media and featured in Withers' PowerPoint presentation to shareholders.

The waterproof bag is retailing at $25 at the Warehouse and $19 online at Kmart.

But it's all OK as this followed

Journee said bags at the Warehouse and Kmart were not "like for like" as the Warehouse had different sizes, and despite the price differential customers were "telling us that they loved it".

"I think that's important for us to continue to lean into - and we'll find our own way through what value trend and excitement means for our customer base," he said.