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Speaker 1: Ten after five, Ryan Bridge, are we seeing a bit

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Speaker 1: of a turnaround for the warehouse? They've reported eleven point

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Speaker 1: eight million and a half year net profit. This is

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Speaker 1: after tax, but sales did decline. They're still expecting to

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Speaker 1: make a loss over the entire year. John Janay is

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Speaker 1: the interim CEO. He's with me now, good evening, all right,

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Speaker 1: So what do you make of this? Because you've got

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Speaker 1: warehouse revenue down two percent, Stationary down seven, no lemming

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Speaker 1: up one. What's it telling you?

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Speaker 2: Definitely it's a work in progress, Ryan, would be the summary.

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Speaker 2: But we're very encouraged with the momentum we're seeing across

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Speaker 2: the business now.

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Speaker 1: And what from what base did you come give us

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Speaker 1: an idea of how bad things were?

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Speaker 2: Well, we were basically, as you might recall, we were

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Speaker 2: in a strategy that wasn't working with our customers last year.

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Speaker 2: We've done some work to change that, repoint, refocus our

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Speaker 2: business on our retail brands, which absolutely critical in particular

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Speaker 2: the warehouse, and actually get us back on what our

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Speaker 2: customers want. Focused on that and that's what our teams

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Speaker 2: have been doing, and that's starting to show fruit, and

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Speaker 2: that's turning up in product that is better pricing, much

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Speaker 2: lower pricing, and much more exciting and engaging. Our customers

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Speaker 2: are loving the new products that were coming into store

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Speaker 2: and they're responding really well.

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Speaker 1: First Union says that your strategy is basically understaffing and

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Speaker 1: not replacing people when they're sick.

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Speaker 2: Yeah, bit confused as to the lines he was drawing.

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Speaker 2: There are the same as we're making predominantly coming from

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Speaker 2: reduction and it costs and our project costs, and basically

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Speaker 2: our green shoets are coming from our product successes and

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Speaker 2: the engagement with our customer. So a little bit confused

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Speaker 2: with where he's coming from. Over ten thousand team members

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Speaker 2: up and down the country. They're a critical part of

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Speaker 2: our operation and a success.

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Speaker 1: So there's been no I mean, this is Rud Hughes,

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Speaker 1: the First Workers Union and representative. He says they've received

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Speaker 1: seventy five understaffing complaints and six staff not being replaced.

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Speaker 1: He said, this is your strategy is cutting costs to

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Speaker 1: make profit. Yeah, you're saying he's wrong.

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Speaker 2: Yeah, I'm not sure. Six staff out of ten thousand

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Speaker 2: as a particular and strong fact point to be leaning

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Speaker 2: in terms set Again, we're seeing different things and you

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Speaker 2: know we know what we're focused on and what our

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Speaker 2: teams are supporting with us, and we're very appreciative of

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Speaker 2: what they're doing. They are working hard. I think everybody

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Speaker 2: today is working hard, and we appreciate them for that,

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Speaker 2: and they're passionate about serving our customers and that's what

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Speaker 2: we love them for.

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Speaker 1: All Right, good on, John, thanks for coming on the show.

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Speaker 1: Really appreciate it. That's John June is the intermschief executive

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Speaker 1: at the Warehouse. For more from Hither Duplessy Allen Drive,

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Speaker 1: listen live to news talks. It'd be from four pm weekdays,

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Speaker 1: or follow the podcast on iHeartRadio.