http://www.nzherald.co.nz/business/n...ectid=11938088
As a very regular visitor to the Lynnmall / brickworks I feel well placed to comment.
Before that ~ $40m addition to the mall the mall was looking tired and one or two vacancies were starting to emerge. Since the addition including bringing back a really good movie experience to Lynnmall the place is far more vibrant. HLG have both a Glassons and Hallensteins store in Lynmall.
In the very long term I expect there is the possibility of rationalizing stores to having just one co-branded store but for the foreseeable future I maintain that the vast majority of people will still want to visit their local mall for the overall experience including multiple dining and shopping options and I maintain the vast majority of people still want to try clothes on for the hounds law of four F's (fit, feel, fashion and fabric).
Good well managed companies like HLG with excellent stock turn will be around for a very long time and provide a sound foundational basis to any food loving dividend hounds requirements :)