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31-03-2019, 07:21 PM
#3191
No no no HLG can't have their customers pay more..
Best to reduce the divie...lol.
One of the main reasons I sold out of Smiths City years ago was because of their rising wage bill.Not funny for a retailer who employs a lot of people,longer holidays,higher hourly rates,kiwi saver contributions.
In the book trade "wages" amounted to approx 12% of turnover.With the above, together with longer shop opening hours, "wages" are now approx 17% of revenue,while rent has increased from approx 12% to 19% plus..
Last edited by percy; 31-03-2019 at 07:37 PM.
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31-03-2019, 07:48 PM
#3192
Originally Posted by Beagle
Last years wage bill was $51m including the grossly overpaid fat cats so minimum wage increase should have little impact
They run like a well oiled machine anyway
”When investors are euphoric, they are incapable of recognising euphoria itself “
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31-03-2019, 08:18 PM
#3193
Originally Posted by winner69
Last years wage bill was $51m including the grossly overpaid fat cats so minimum wage increase should have little impact
They run like a well oiled machine anyway
Expensive oil,
$51mil is 18.34% of their $278mil revenue.
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31-03-2019, 08:44 PM
#3194
Hopefully online sales grows faster, that would/should be a cheaper method of moving product.
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31-03-2019, 08:49 PM
#3195
Originally Posted by percy
Expensive oil,
$51mil is 18.34% of their $278mil revenue.
The well oiled machine buying more and more stock as well ....stock turns down
”When investors are euphoric, they are incapable of recognising euphoria itself “
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31-03-2019, 08:53 PM
#3196
Originally Posted by LAC
Hopefully online sales grows faster, that would/should be a cheaper method of moving product.
Certainly is.
HLG have grown their online sales very well.I think they now account for 16% of revenue.
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31-03-2019, 08:59 PM
#3197
The more negative talk the better, whatever it takes to enable me to pick up some more dirt cheap shares.Lol
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31-03-2019, 09:01 PM
#3198
Originally Posted by winner69
The well oiled machine buying more and more stock as well ....stock turns down
It is not easy out there.
It looks to me as though "young' Glasson is a tremendous retailer, who is driving Glassons Australia very well.
However things can turn to custard very quickly in retail.Get one season's colours,or styles wrong and you are "challenged".
Expanding their retail footprint quickly in Australia increases their risks.Rents,leases are ongoing huge liabilities.
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31-03-2019, 09:04 PM
#3199
Originally Posted by couta1
The more negative talk the better, whatever it takes to enable me to pick up some more dirt cheap shares.Lol
I am doing my best for you.!!..lol.
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31-03-2019, 09:09 PM
#3200
Originally Posted by percy
I am doing my best for you.!!..lol.
Fantastic work, now all I need is for Beagle to change his mind again and I'm in.
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