Can no one see there will be pent up demand returning after lock down?
Deferred spending rather than put off altogether
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Can no one see there will be pent up demand returning after lock down?
Deferred spending rather than put off altogether
I would be inclined to believe that there will be an explosion of consumerism once humans are let loose on the world again but it is also possible that people who are still able to earn a living or receive income during this event will be amazed at the amount of money left in their pockets now that casual spending has been made more difficult. I can't help but wonder if maybe we become a bit more thoughtful about where our money goes. Probably just transferring my own thoughts to the masses but it feels like a lot of things will be different at the end of this, at least for a while....
Yes, but people will have less money to spend (those that are still working) and all those that will be new to unemployment, a lot less.
imo ........thing that could HELP the most for HLG is if their competition closes down as every 4th shop in malls are clothing. But not until those stores clear all stock @ bargain basement prices which all stores will be attempting to do.
I don't believe people will rush out to buy clothes once Covid-19 lockdown is finished probably the last item on my thoughts.
I think you are misreading Rod's motivation here Beagle. Rod may have modest debt in his own BGR business. But he does have lease obligations to sort out. And he is probably considering the elasticity in demand for some of his stock lines too. Those non-essential lines might end up as dead stock.
IMO the outlook for clothing retailers is much more straightforward, and in the medium term all the stock will be in the essential category. IMO, the fact that Rod is not supporting a cash issue in KMD is because he is busy putting his own house in order first. It is not a commentary on the medium term strength of the rag trade.
SNOOPY
Yes and that is the problem for retail. It is entirely possible that a significant number of people will be more concerned about reducing their debt and will be less likely to spend their money at the malls. In the long term when the threat has gone and the concern of the virus re-emerging is gone than it will be back to the shops because that is what people do. The devastation of the tourism industry will have a significant effect on retail turnover.
apparently there should be a GOV announcement out soon (within 48 hours) around rent relief
I assume this will address ADLS clause 27.5 and hopefully clarify what a 'fair portion' is and it might even maybe extend something to older leases which don't carry 27.5 which might help HLG
Covid19 no respect for longevity -
ual leave.
Founded in Adelaide in 1932 R.M.Williams has survived its fair share of crises; it has been through the worst of World War II and has continued to operate ever since. "Now, 88 years later, the Covid-19 crisis has stopped us in our tracks," says R.M.Williams.
Went to that factory once ....awesome place
Covid-19 empties shopping centres..............
https://www.abc.net.au/news/2020-04-...ction=business
Expecting massive sales when stores finally open trying to entice people to spend with everybody chasing the same dollar..
Currently not on my shopping list as game has become a lot harder now.
https://www.hallensteins.com/
https://www.glassons.com/
Good call Snoop Dog