Forum Archive Index - August 2000

[Chris <cd@ak.planet.gen.nz>]

J

For the sake of the nation I hope you are right.  Poor curve flattening I 
mean.

But I give a lot of credit to the WHS's evolving product mix.  Their 
shelves look nothing like they did 10 years ago.  Slowly they are 
introducing big ticket items with strong margins and exclusive 
distribution rights.  For example AEG appliances from Germany.  OK it's 
not Miele or Gagganau but still a big step up from the inefficient F&P 
washers that win market share by default.  My guess is WHS will add and 
delete product to meet the part of the market that provides the best 
bottom line profit.  

Hey I despise those store layouts and colour schemes but must admit to 
visiting the Big Red more in the last year than in the previous 12 years 
combined.

The current target market is as you say 'poor'(but 100% spenders).  
Fendalton and Epsom residents may have their very own sooner than we 
think.  Sausage sizzles and meat raffles outside will be a big winner.

Cheers 
Chris        

>Peter
>and bank stocks. Thats what happens when all the poor houses are full,
>you know, when 7/8 of the workforce earns $10 an hour.  You buy on tick
>and retire at 86. But watch for growth of WHS and co to slow as the
>'poor curve' flattens out. Maybe they see that already, hence Aussie
>move.  Must be a few prospective poor people over there eh?
>j

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