https://www.nzherald.co.nz/business/...ectid=12341769
I don't have access behind the paywall but looks like an interesting article
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https://www.nzherald.co.nz/business/...ectid=12341769
I don't have access behind the paywall but looks like an interesting article
It said.... although sales down but Briscoe is well position. Mr Duke cancelled dividend n as well as his salary...all ex also reduced thier salary
With no debts n good cash as they did not buy in KMD...
Briscoe has high exposure to that. If people are going to spend a lot more time at home, they might want to upgrade their appliances and homewares.
Not to mention an increased focus from many people on health and fitness so Rebel Sport should benefit.
Wonder if this is Rod’s way of telling Nick from WHS he’s useless.
Go Rod ...good guy
http://nzx-prod-s7fsd7f98s.s3-websit...693/326839.pdf
Last quarter online sales at 23% even with the rush back into the shops: [ announcement ]
Baulked at topping up at $3.40 yesterday, not timing my buys to perfection, as usual ;)
Bloody amazing sales report
Essentially what lost through lock down has been caught up
With efficiencies etc etc no wonder profit going to be better than expected
Go Rod
There has been an unusual level of activity post lockdown in some retail business. My cmp has also been up 25-30%. Pent up demand? Retail therapy? Getting out and about? Reclaiming a sense of normality perhaps? Replacement of broken appliances during lockdown. Upgrading etc. Will be interesting to see how long lived it is eg; Over next 6-24 months. My current employment is in retail sector. Dont hold any stock.
ANZ dont think it will last ... this week they saying
ANZ warns economy may head south again from November
https://www.stuff.co.nz/business/122...-from-november
Well, of course it may. ANZ's economist has it both ways...…………"While not our forecast...……..
:rolleyes:
A lot of the covid stimulus is designed to finish just before the election lol , mortgage deferral , wage subsidies etc but the effects of them stopping wouldnt show up till later. if the govt extends some of these schemes it probably push the down turn out to early next year is my guess
Absolutely. I think selling anything which covers a practical 'need' will always have longevity, for obvious reasons. The 'wants' and more 'feel good' non-essentials will surely dwindle as/if harder times ensue. Manipulation of human behaviour, marketing, programming, what is actually a 'need' or 'important'?? Differs depending on perspective, habit, available funds etc. Its possibly pretty fair game in 'general' retail up until and only if things become exponentially more tough for the 'middle-class' working folk and beyond.
breakout above 3.50 resistance level
breakout seems to be holding
1/2 year results due out on the 8th. They had a really good rebound after the first lockdown so will be interesting to see if sales have continued to be strong