Forum Archive Index - March 2001

["Peter Maiden" <pmaiden@xtra.co.nz>]

So all the rumours that The Warehouse will run their own bank appear to have some substance ........

 

From todays Sunday Star Times    http://www.stuff.co.nz/inl/index/0,1008,693908a10,FF.html

 

It is those 1.7 million people who visit The Warehouse stores each week that is the companies strength. Leveraging a customer base of that size enables The Warehouse to try these initiatives - - and the way that they are planned and implemented ensures success rates will be pretty high.

 

Two unheralded factors will ensure The Warehouse getting even greater share of the NZ retail market. One is the obvious sharing of ideas with the likes of Tesco - the other being the knowledge and know how they have taken on from eventures.

 

Rest assured, sometime in the future The Warehouse will be New Zealand' s largest on-line retailer as well. No need to push on-line retailing just now. Already developed and capable - only a matter of implementing when the time is right.

 

No doubt some investors will be disappointed with the earnings they announce tomorrow - whatever they are. If so don't get too dismayed. Think of the future.

 

Cheers

 

Peter