----- Original Message -----
Sent: Sunday, March 11, 2001 2:27
PM
Subject: [sharechat] Warehouse in a few
years time
So all the rumours that The
Warehouse will run their own bank appear to have some substance
........
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
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