Forum Archive Index - May 2003

["Malcolm Cameron" <malharcameron@hotmail.com>]

Snoopy warehouse in australia is just a very poorly run cheap junk store
nothing like the NZ warehouse was but they seem to be progressing downward 
in standards to. Warehouse & Kmart when last i compared them in NZ warehouse 
had better merchandise over here it is the other way around by a long way 
and Big W is higher again. warehouse was taken to the cleaners over here on 
there puchase in a very big way. They are ditching the stores they bought 
over here as fast as they can so sites they bought were probally duds 
anyway. You are still seeing stock from pre purchase era still with original 
price stickers etc. so some of it has been sitting around for about three 
years. these are my opinions. and NZ fans will not believe how much of a 
muck up of their entry into australia they made. When they have some good 
promotional merchandise you no longer go shopping for it because the 
stockline will be so thin you are wasting your time. Regards Malcolm






>From: "tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: Re: [sharechat] Ware house woes by macdunk
>Date: Mon, 05 May 2003 17:55:48 +1200
>
>Hi Ben,
>
> >
> > My impression from living here in Sydney is that Aussies wouldn't
> > think twice about shopping at the Warehouse just because it was NZ
> > owned.  <explanation snipped>
> >
>
>Thanks Ben.  Still interested in other Australian domiciled views.
>
> >
> > Coles Meyer may be Australia's largest employer, but that doesn't mean
> > Australians are pre-disposed to shopping at Coles, Kmart and Target.
> > In fact, if one was to judge from the attitude in the mile-long Coles
> > supermarket checkout queue I was standing in yesterday, people
> > wouldn't mind some more better managed and well-run competitors in the
> > market.
> >
>
>Glad to hear that too.   I am considering whether my holding in WOW
>is overvalued.  My calculations are if anything bearish, but I have a
>feeling there may be more growth yet to comes from the Coles nemesis
>Woolworths (WOW)!
>
>SNOOPY
>
>
>
>
>
>
>
>
>--
>Message sent by Snoopy
>on Pegasus Mail version 4.02
>----------------------------------
>"Stay on the upside of the downside,
>Anticipate the anticipation!"
>
>
>
>
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