Sounds great...especially the 5.7%
Tick !
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Thankfully as discussed before, young people buying heaps of clothes at HLG are significantly more optimistic than older people (who as business owners) are probably those filling out these survey's and us other older buggers taking an interest in reading them. But I do seem to recall some retired chap on here who reckoned these survey's were a crock anyway :p
Just as well HLG are resilient .....and you never know it might provide further opportunities for them
'Retail apocalypse' claims another scalp
https://www.smh.com.au/business/comp...30-p52w72.html
Not sure that's really relevant but Hallensteins have had some notable retreats from Aus since their entry 2003, shifting with the ebb and flow towards womens fashion. https://www.nzabs.org.nz/hallenstein...rom-australia/
They seem to be doing ok at this stage but obviously a troublesome market to break into.
For me it's the chart, I won't bore you with posting it as anyone can see HLG is at the top of a very strong repetitive cyclical pattern over a very long time period. Great if you're on the upside of capital growth while earning outperformance dividends, but depressing if you're caught on the downside SP capital trends even with the dividends. No worries though if you never sell and don't give a toss about what the SP is doing.
Maybe I should post the chart? It's very toppy on past performance. Notwithstanding the 'long hold ignore everything' believer investment strategy.
I think the stated 7% sales increase in first few weeks just a random spike over a short time frame. Expect future updates to be a bit gloomy
The more realistic business outlook report is the QSBO. Real companies respond rather than ANZ small business customers.
Out today had this - Retailers are also more downbeat in the face of weaker demand. Profitability in the retail sector is at the weakest level since September 2009, as retailers struggle to pass on rising costs by raising prices.
The numbers in actual report quite depressing
https://nzier.org.nz/media/nziers-qs...n-october-2019
Extracts from annual result aboveQuote:
Group sales were $287.55 million, an increase of 3.36% over the corresponding period last year ($278.20 million)
The first eight weeks of the new financial year have seen Group sales grow +7.23% on the prior year
Lets just ignore that its more than a few weeks, (actually 8 weeks) and that the rate of increase is on top of last years increase and at more than double the growth rate.
I get it you've sold and are trying to talk it down now but you're going to have to do better than that puny effort :p