And all the time the overheads keep increasing; staff ,rents,power,phone,It,etc.
And increasing competition .
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Had to go to Henderson mall at lunchtime today. Haven't been there for at least a year and I was quite surprised at the lowering of standards.
That said Glassons and Haldenstein's were both doing steady trade now the weather has turned sharply colder I expect people will be out buying their winter wardrobe.
HLG been in business a very long time. I was wondering as I walked along, (dreaming of future trends as one sometimes does) if at some stage in the future with the ever growing internet sales methodology whether there aren't significant savings in having a combined Glassons / Hallensteins stores, huge potential savings in both rent and staff ! (with a slimmed down range of both).
What does the collective wisdom of our forum members think ?
Bought some of these pups at $3.20 the other week thinking they were reasonable value, looks otherwise, still won't sell for a loss as I don't sell high divvy paying stocks unless it becomes clear the stock is knackered. Might do a couta down at some stage.
Looking at recent trade pattern might see sub $3 very soon...
7 months till the next dividend mate. Long time between drinks.
Electronic Card Spend for April shows Apparel sales down about 4% in April v last year.
Market conditions not so good in NZ for HLG brands?
I'd suggest lower than expected H2 sales - unless Di is still performing miracles.