I know of several outfits that had a reliance on imported goods really suffering and losing money from drastically reduced margins.
Comes down to pricing power and many cant recover all the extra costs or maintain margins.
And all the time overheads such as rents,wages,compliance,rates and insurance just keep on increasing.
Be aware that HLG are taking on a possibly very risking related party lease in central ChCh.If I were a shareholder I would not be comfortable with it.
And all the time overheads such as rents,wages,compliance,rates and insurance just keep on increasing.
Be aware that HLG are taking on a possibly very risking related party lease in central ChCh.If I were a shareholder I would not be comfortable with it.
That's going to be a big building eh - quite impressive and will be real flag ship stores for them. About 1000sm is quite a bit of floor space
Good that the likes of Glasson are building these complexes in Chch though
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
That's going to be a big building eh - quite impressive and will be real flag ship stores for them. About 1000sm is quite a bit of floor space
Good that the likes of Glasson are building these complexes in Chch though
Fantastic news for CHCH agreed.
However if I were still a retailer, or a shareholder of a retailer, I would much prefer to be located somewhere where there were customers.
Be a good many years before any central ChCh retailer sees sufficient customers, to make a retail store profitable.There is a lack of parking which is unacceptable ,and still very few businesses in central ChCh.Shoppers have also been well served by suburban malls.
New building standards mean new buildings are costing a great deal more to construct.Landlords need huge rents to make construction viable.Retailers will struggle.Think of KRK trying to stay in business,moving into a lovely new building,and paying three times the rent they used to pay.!!!
ps.I know KRK are giving up the struggle.
Anthony Gough is struggling to get tenants for his bars.Says he is not putting up the rents from the previously huge amounts he charged for worn out old buildings.He will be lucky to attract tenants at half those rents in my opinion.
Fantastic news for CHCH agreed.
However if I were still a retailer, or a shareholder of a retailer, I would much prefer to be located somewhere where there were customers.
Be a good many years before any central ChCh retailer sees sufficient customers, to make a retail store profitable.There is a lack of parking which is unacceptable ,and still very few businesses in central ChCh.Shoppers have also been well served by suburban malls.
New building standards mean new buildings are costing a great deal more to construct.Landlords need huge rents to make construction viable.Retailers will struggle.Think of KRK trying to stay in business,moving into a lovely new building,and paying three times the rent they used to pay.!!!
ps.I know KRK are giving up the struggle.
Shareholders Association not impressed with HLG disclosures around this and their 'lack of transparency'
Roger, even mentioned the words 'poor governance'
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Assuming HLG have some sort of forward hedging matrix for imported stock, they'll have it all over the foreign based on-line retailers currently, as the NZD price effect changes with every update of the spot price. Our young 'uns might even venture into a store!
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Originally Posted by winner69
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