unless of course everyone is going to get dad-cardies from the op-shop in Gizzie ala Clarke Gayford
Attachment 9763
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unless of course everyone is going to get dad-cardies from the op-shop in Gizzie ala Clarke Gayford
Attachment 9763
Got myself a nice warm Hallensteins hoodie for winter. Good price, well made, very cosy. Will keep my toasty until next divi...although the share price is a nice winter warmer too. Another thing I've been noticing, being now well familiarised with the branding, is how much HLG product is out there, seems to be very popular. Even my partner who is very fashion conscious and usually (to my dismay) buys from small NZ & Aus boutiques has been buying a few things from Glassons and commenting on the good quality. Looking forward to the Gizzie dad cardie copy to hit the shelves at HLG ;)
Well fellas, looks like the hibernating season has finished. It's about now to safely (if there is such a thing) to board the train for spring with the fall literally behind us. I'm personally very happy everything is well in HLG land and all the signs are excellent. Fabulous cold weather, USD ok, and no telling clearance sales from ANYONE. That means margins are intact. Despite all of this there is just soooo much time in the information void of HLG that even as HLG s biggest fan there is room for just a wee bit of doubt to creep in... a very healthy thing to have to I might add...but for any one who missed it Kathmandu has just had a fabulous profit upgrade for every reason That applies to HLG. Namely their margins increased on the increased same stores sales. Their aussy stores are roaring ,even better than here. They haven't had to discount their wares too soon.
So unless everyone has just started mountain climbing ,you can't really get more confirmation that things are good in the hood. Whatever the next few months SP might do for HLG it seems clear the result in November will be stunning.
"New Zealand business confidence plunged to a seven-month low in June with retail most gloomy as costs, credit and capacity weigh on firms"
Company has good management with long trading history but certainly not invincible with fickle shopping public & plunging NZ dollar. The fuel tax introduced this weekend may provide further headwinds going forward.
http://www.scoop.co.nz/stories/BU180...in-in-june.htm
Did my bit today and bought a smoke blue panel print T-shirt for $10 at their up to 70% off sale today.
Consumers care not for business confidence, that affects capital item spending like on a new fleet of trucks. The new families package kicks off next week.
Mr and Mrs Joe average with 2 kids earning $90K between them and getting accommodation supplement will be $90 per week better off and some beneficiaries paying high rent will be over $200 a week better off so instead of buying second hand clothes from the Salvation army store...
Yes the dollar is lower but I don't think people should be overly fixated with the current low spot rate...most purchasing is done using forward cover.
Business as usual.
True, but the lower NZD/higher cost of forward cover will kick in eventually. Next summer's stock, perhaps?Quote:
Yes the dollar is lower but I don't think people should be overly fixated with the current low spot rate...most purchasing is done using forward cover.
Agreed but see above post regarding the size of the families package and keep in mind an extra $90 a week or $200 a week is a LOT on extra weekly incoming funds for those currently spending 101% of what they presently get. Yes some things are going to cost more due to the drop in the exchange rate and fuel levies but the net effect is there's a lot of families going to be in a much better position.
Internet going to kill retailers ? I don't think so https://www.nzherald.co.nz/business/...ectid=12078673
The malls are cunning and morphing into entertainment center's with retail, multiple dining options, picture theatre's, pubs e.t.c.
They must have discovered Glassons
https://www.smh.com.au/business/the-...04-p4zpg7.html