Retail Stocks

[Grimy]

WHS is the next cab off the ramp for a div. next week, and me being a divy chaser. Here we go, still about 6.5% yld better than bank. Not to forget coming up to the busy Christmas season.

2nd of December is dividend day. Next week is ex div.

[winner69]

Shipping rates keep falling …….but not falling that much for NZ exporters and importers

Prices for moving containers are also falling on the main global routes, but the cost of moving freight to, and from, New Zealand has not fallen as much due to a reduction in the quantity of ships servicing our ports."

https://www.rnz.co.nz/news/business/...ing-costs-ease

Ft reports shipping companies reducing sailings to get whipping hand back

[LaserEyeKiwi]

Ft reports shipping companies reducing sailings to get whipping hand back

On the face of it, sound like illegal cartel like behavior.

[winner69]

October Electronic Card Spend Stats NZ

Seems the COL crisis only affected a few -- retail sales more than solid

Total October sales up 1% from Sept (seasonality adjusted)

October sales were 20% higher than last year -- that's pretty good

Durables a de facto measure of discretionary spend -- up 16% for month v pcp and current level of sales way above pre-covid trend

Love this chart

[LaserEyeKiwi]

Weekly Update:

76AD5B92-C961-4B2A-B426-D30BEC72587F.jpg

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International Shipping costs continue to plummet, now below pre-pandemic levels.

ED97BD4F-24A7-4484-BD18-6654D26CA55B.jpg

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Petrol (91) Prices up 5c week on week, Diesel flat:

B572BCC7-6AC0-44AB-9ECF-BB13885AE2E1.jpg

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Mortgage rates continue higher:

671E57B9-7CFF-46B6-A706-0F8055C73D2A.jpg

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[Sideshow Bob]

On the face of it, sound like illegal cartel like behavior.

Prices out of NZ remain crazy. Not sure for imports.

Ocean Network Express (6th biggest container shipping co in the world) in the 2nd quarter turned over $18.4b USD, EBIT was $11b USD. Shipped about 7% less containers compared to corresponding quarter, when they only made about $6-odd billion.....

[winner69]

US retail sales Oct up 1.3% on Sep pretty good

But Target says pretty gloomy outlook and shares tumble

Just as well NZ consumers seem pretty happy and WHS says things looking good..cost of living crisis just something the media keeps harping on about

[winner69]

man on tv says a staggering $270m spent in retail today .... black friday he said

what cost of living crisis

[Rawz]

man on tv says a staggering $270m spent in retail today .... black friday he said

what cost of living crisis

Things are very expensive but we still got our jobs you see.

[winner69]

In the seven days ended November 26, shoppers spent $350m. That was down 9.5 per cent on last year

https://www.nzherald.co.nz/business/...KX7SGQ36HPZRE/