Originally Posted by
Beagle
Better make a comment now in case the website goes down again. (Thanks to the admin team and Vince for your very hard work getting it back up and running)
Couple of things.
Firstly, the trading update will be any day now and I am expecting a very strong update and forecast for the first half
Secondly on the question of "how much of the profit gain will be in respect of a one-off Covid bounce-back spending phenomenon" ? Looking at the detail of the Australian apparel retail data Winner kindly posted recently, unless I am misreading the data it looks like there has been little if any bounce-back in apparel in Australia. By extension one could conclude the detail here is very similar so I would propose that the vast majority of the strong growth about to be reported is genuine market share gain and not a one-off.
One-off spending gains is certainly happening in some sectors like home renovation, no argument about that, but for apparel, not nearly so much if any.