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WOW - Woolworths Group

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Again Iuutzu, I would say move it over to the WOW thread, it is great points but needs to be in the right place.
In the general chat/beginers lounge section it just gets swallowed up, just my opinion.
By the way great charts.
May be a bit population biased, as they have a lot more people serviced by a lot less mega stores.
 

True. And True.

Australia is a wide country with very few people. So yea, I think you're right that it's quite alright for WOW to not lose money.
 
I think Woolie's, Westfarmers, Harvey Norman and JB are going to have to re assess their model.
Amazon is going to out the ebay model completely, they are going to warehouse the produce, so wait time is cut by heaps.
This will put a huge amount of pressure on retailers of electronic and white goods, because won't be paying the floor space rental.
I'm not sure it will be a long term hit, as not everyone will be happy with what they recieve, as opposed to what they thought they would recieve.
But that takes a while to filter through, before that happens, there will be a lot of collateral damage.IMO
 
I do think ur kidding lol surely it can't be that simple.
 

They're not saying they don't use derivatives, they're saying they don't use them to speculate on price movements...ie they're used as a hedging instrument.
 

Yea they better pick up their game and better serve the customers. I noticed when overseas that our grocery prices are pretty high - the typical fruits like strawberries/berries are something like twice as much. Could be due to the distance, logistics and fewer people... or just duopoly at work.

There's an actual promotion from Coles recently where if you turn up before noon, all their checkouts will have people serving you. It is a kind of reward I guess, seeing how I am surprised and feel honoured when one of my big trolley got directed to a checkout person.

As to eBay and Amazon... I don't know enough to have a guess at how that'll change the environment. I mean they've both been around a while and besides the electronics and other rubbish we don't need much of anyway, it'll be hard to compete against the established network.

I think woolies and coles are playing it safe and now have those click and pick up where their once-checkout person now pick orders and have it ready for you at the shop. That's a bit inefficient but I guess it's cheaper for lazy people who would drive all that way to the shop but can't be asked to do their own shopping.
 
RandomInvestor said:
I do think ur kidding lol surely it can't be that simple.
Click to expand...

Told you it's a secret.

It's just my guess of how the "pro" does their estimates anyway. I've seen quite a few companies that missed their own sales forecast and the market really hammer them. From that you can figured that the analyst don't actually do their own research - if they did, and if those research of theirs are any good, sales disappointment won't surprise them much, if at all.

That and if you use a certain rule of thumb to value the stock, you'll noticed that the market current price are generally in line with the latest reported earnings and management's growth forecast.
 
Things are starting to look brighter for Woolies, now to sort out Big W or off load it, before Amazon gets up and running.
My call, would be come up with something that differentiates it from K Mart, maybe an internet cafe and food/coffee section.
Fast food, still seems to be high on peoples entertainment priority list.
 
On December 11th, 2017, Woolworths Limited changed its name to Woolworths Group Limited.
 
Well Woolies appear to be on the right track, according to Citi.
http://www.smh.com.au/business/reta...ars-to-come-analysts-say-20180202-p4yzar.html
From a personal perspective, they do seem to be turning Big W around, at least now it appears to be refocusing on product lines.
The last few years Big W was just like a woolies supermarket, which sold general junk, and clothes instead of food.
Lately they seem to be stocking, a much more diverse product inventory, should be interesting when they next report.
The other issue that is helping of course, is Wesfarmers having their Masters moment, in the U.K.
The good ship WES, appears to have a bit of a list at the moment and management seem to have their hands full righting it.
 
notting said:
Does it really matter what they stock. Does anyone even go in there?
Click to expand...
Over here in W.A, there seems to be more foot traffic in Big W, than was apparent 3 months ago, don't know about over East.
I hold both WES and WOW, so am probably more interested, on that basis.
 
sptrawler said:
Over here in W.A, there seems to be more foot traffic in Big W, than was apparent 3 months ago, don't know about over East.
I hold both WES and WOW, so am probably more interested, on that basis.
Click to expand...

WOW on weekends are packed where we go. Their newer stores do look pretty good and they are either lying or there's a lot of those yellow sales stickers. So I always think I'm getting a bargain and load up more than I need to, dam it!

Big W aren't too bad either. I don't shop there often but the prices seems alright for stuff I need.
 
notting said:
I was actually referring to Big W. Woolies is fine
Click to expand...
Yes I noticed that, I was actually surprised with my local Big W last week, when I had call to go there.
About 10 years ago the store lost its way and went from a very busy store, to somewhere no one went, including me.
Anyway cutting a long story short, I got the shock of my life last week when I went there, obviously someone who gives a $hit has become involved.
The store had a lot more selection, of a lot more diverse products, so maybe it is the start of a turnaround.
If so it is about time, I actually thought they may do a Dick Smiths and off load it, but having seen the new products it will be interesting to see if it turns Big W fortunes around.
It may well turn out to be too little too late, time will tell.
 
Woolworths back above $30 for the first time since early 2015. The last two months have been particularly bullish for WOW. Third quarter sales were better than expected.



 
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