Originally Posted by
Maverick
Cheers for that W69. 2 winters ago the average 5 winter month apparel NZ spend was 307.8 mill and HLG made 6.9 mill NPAT, last winter the ave spend for the same 5 months was 306.4 mill (down 0.5%)and HLG made $8.1 mil NPAT (up 17.4%). The first winter month sales of this year is 304 mil so quite a bit down. As hungry as we all are for this kind of "heads up" there really isn't any correlation between NZ apparel spend and HLG`s NPAT. The only enemies I've observed for HLG as stated before are the USD and an unseasonably warm winter. Obviously no worries about the USD or NZ being too warm right now. Not sure about Melbourne`s temp but anything under 25c feels cold to them so should be ok.