God knows how sky tv remains in the index…
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God knows how sky tv remains in the index…
Even allowing for the shareprice still being CD it’s not too far away from it’s all time high
No doubt a sales update at ASM ……that’ll get things moving when punters see again how fast Glassons AU are growing
Not sure if mentioned already, but October retail sales in Australia had this nugget:
Quote:
Clothing, footwear and personal accessory retailing soared 27.7%
Yes it was .... 27.7% increase in October from September in seasonally adjusted terms (actual $ increase was even more impressive at 34.6%)
Huge growth .... soaring as the commentary goes
But in reality October month was only 4.3% on last year (and the way Briscoes and Warehouse talk was only 2.2% up on Oct 2019)
First 3 months HLG fiscal year is Aug/Sep/Oct - AU sector sales for these 3 months are down 7.8% on 2020 and down 14.3% down on same 3 months in 2019. Lock downs still hurting but good sign numbers are looking more positive
It seems that clothes buying has not been top of mind for Australians .... sector recovery much slower than other discretionary spending
That's because there is no point in buying clothes when you cant go out. I have said this before. BRG WHS and MHJ sell goods that you can actually use during lockdown. New t-shirts, shorts, dresses etc... why bother..
Anyways im getting worried about retail in general. I went out in the weekend and the shops looked so so busy. Easy to see santa for the little ones. Usually have to queue for an hour. Maybe christmas trading will be a flop?