Ive heard they reduce the leg lengths of surplus trou and recycle them as summer shorts. Brilliant!
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Ive heard they reduce the leg lengths of surplus trou and recycle them as summer shorts. Brilliant!
And jus tto keep things in perspective: No buyers for Kimberleys https://www.stuff.co.nz/business/995...-to-find-buyer
Yeap 21.4% sales growth (calculated at post #1533) was for the ten week period ended 30 November so November itself with the better weather and election out of the way could have been at a higher run rate than that and dragged up the batting average. Either way quite a difference between apparel sales increase of 2.7% for the market overall and HLG's 21.4% isn't there and with the lovely summer weather looking to continue well into December it all looks very promising.
Looking forward to another market update from the annual meeting this Wednesday.
Remember your 21.4% for HLG is combined NZ/AU
From all accounts retail AU is not as buoynat as NZ - stories of households reducing apend in the wake of higher power prices and general poor consumer confidence
If thats the case NZ must really be on fire --- even greater than 21% growth
Jacinda effect working well ..... that'll keep the momentum up until at least next winter and probably behind
Talk ofa flat or declining H2 is so so very conservative .....and not even really a possiblity
Is the meeting tomorrow? Wonder if it is live on line? Anyone here having breakfast at AGM? We all know it will be good results, so where will sp go?....3.40, 3.50 or 3.60? Or is it already priced in. Doesn't really matter I suppose, as looking forward to nice juicy $21k div and another in about 8 weeks after the holidays:cool:. Time to relax for a while and wait for next feed. This is so easy, like taking ice cream from...:t_up:.
"I am confident that this season will be a success and as Warren stated, net profit could be above the prior summer season by over 50%"
Not too shabby!
Buyers lining up after the AGM speeches, what's not to like, summer sales projected to be up 50% on last year, a company that changes and evolves with the times, a stark contrast to the likes of the Warehouse aye.
CEO Address http://nzx-prod-s7fsd7f98s.s3-websit...854/271675.pdf Strong growth in gross profit, strong growth in sales. Sales YTD up more than recently updated, very sound business strategy augers very well indeed for the future.
Chairman's address http://nzx-prod-s7fsd7f98s.s3-websit...854/271674.pdf
I really like their extra emphasis on new digital marketing strategies and I know we all think the Glassons website as an example of that is very attractive indeed. Shareholders are very well positioned !!
Online sales from 9% to 12% on increasing total sales. Very impressive.