Retail Stocks

[Azz]

As I've explained, peoples wages become worth more and more over time. Always have always will.

We'll just ignore those millions of people who became destitute in nations ravaged by inflation, shall we. There was a famous example - which in your fantasy world we can ignore as well - from a little while ago, in this country called Germany, where the end result was a small conflict called World War 2.

For a single weeks minimum wage in 20 years from now, I could purchase goods and services unimaginable to me now.

It's amazing, you can read the future! But for some reason, it's an "unimaginable" future - that doesn't make sense, if you can read the future then surely it's imaginable. But let's say you *can* read the non-unimaginable future, instead of wasting time here, shouldn't you get yourself to the TAB and use that amazing superpower of yours to win on the horses?

[bull....]

No Ass, prices will DECREASE in real terms as they have for 5000 years.

It's called productivity and rising standard of living over time.

Just about everything will become cheaper per hour worked over time as it always has.

In 50 years time people could not conceive of living how we live now. For their annual salary they will be able to purchase far more in terms of goods and services than we can now.

try telling that to my kids about everything is cheaper today than 40 yrs ago. they laugh you out the room

[SailorRob]

try telling that to my kids about everything is cheaper today than 40 yrs ago. they laugh you out the room

Bull, you should have educated them. Perhaps it's not too late.

So their standard of living is lower than yours was 40 years ago, Damn where the they live? Tell them to move home.

[LaserEyeKiwi]

Weekly Update:

4E3A0452-5B2D-4755-8891-BB2E00022ADA.jpg

[winner69]

Electronic Card Spend ex Stats NZ an indication how things are going

For month of June v last year

Core Retail...........UP 0.8%
Fuel....................UP 14.7%
Vehicle exc fuel....DOWN 5.0%
Total Retail..........UP 1.9%


Annual sales to June this year v last year

Core Retail...............DOWN 1.1%
Fuel........................UP 4.4%
Vehicle ex fuel..........DOWN 4.6%
Total Retail..............DOWN 0.7%

[LaserEyeKiwi]

Electronic Card Spend ex Stats NZ an indication how things are going

For month of June v last year

Core Retail...........UP 0.8%
Fuel....................UP 14.7%
Vehicle exc fuel....DOWN 5.0%
Total Retail..........UP 1.9%


Annual sales to June this year v last year

Core Retail...............DOWN 1.1%
Fuel........................UP 4.4%
Vehicle ex fuel..........DOWN 4.6%
Total Retail..............DOWN 0.7%

June Core retail being up year on year is pretty good all things considered. Annual core YTD sales being down just 1.1% not too bad either considering the big impact of Omicron in first quarter.

However of course inflation likely squeezing margins with these figures, particularly for businesses with large wage & local transport cost components.

[bull....]

are volumes up or is it just
increase in sales just because everyone put there prices up ?

[bull....]

just as we thought retail is going backwards its only price rises making it look steady

"That’s constraining the volume of goods that households can purchase. In other words, while our nominal spending levels may be holding broadly steady, the amount of retail goods we’re actually buying is going backwards."

https://www.interest.co.nz/business/...ropped-03-june

run for the hills those retail stocks i guess will be reporting bad figures by feb/mar reporting period

[Waltzing]

If this guy is right there is going to be a continued retail buying boom even with inflation...

https://www.cnbc.com/2022/07/15/mill...gist-says.html

[LaserEyeKiwi]

If this guy is right there is going to be a continued retail buying boom even with inflation...

https://www.cnbc.com/2022/07/15/mill...gist-says.html

Its almost like he is taking the piss - blaming millennials for spending too much money.