HLG - Hallenstein Glasson

[Balance]

No matter what happens, people still need clothes. Right now I am in need of something as simple as a couple of pair of socks. I agree that many clothing stores will struggle, yet I see HLG as being able to make the most of it and come out ahead of their competition.

HLG is market positioned at the mid to low end of the clothing market, offering value for fashionable clothings of average quality imo.

Perfectly positioned for the economic conditions we are going to have to endure for the next little while.

Mid to high end retailers like H&M & Zara - I cannot see them surviving.

[peat]

HLG is one retailer which has not only survived but thrived with the test of time and numerous crises.

but this crisis is one out of the bag.
My view is that HLG is going to have to work very hard and be exceptionally smart to get through this.

They have shown the capability !!
Now is a test of your faith arising from those previous successes

[JeremyALD]

I think Hallensteins will do fine, but imo $4 is too much given the enormous challenges of the retail industry and the lower margins we will likely see as retailers fight for share of wallet.

[Cyclical]

I sold out a while ago at a lower price than they are trading at now. Timing was bad but I still think I did the right thing. I Just cannot see that HLG will come out of this disaster anytime soon. Shopping malls are closed and sure they will reopen in the near future but unemployment will persist driven by the collapse of the tourism industry and all the restaurants and bars and hotels that rely on tourism. Many businesses HLG included are going to have a very rough ride for a long time.

I did too, at about a dollar less than they are currently...what was I thinking?! But then not long before they were down at about $1.80, so certainly thought I'd made the right decision at the time. I guess we could say similar things about a lot stocks at the moment and bargains are becoming slim pickings. Only time will tell if things will drop back over the coming months and start to retest lows (although I'm not expecting this one to get anywhere near $1.80 again). Like Jeremy, I'm not keen to get back in there at the current price.

[ratkin]

Hearing on the grapevine (courier mate) that Glassons are the hot new online shop when it comes to escalating parcel deliveries. Parcel volumes generally are breaking records every day, far busier than xmas

[Cyclical]

Hearing on the grapevine (courier mate) that Glassons are the hot new online shop when it comes to escalating parcel deliveries. Parcel volumes generally are breaking records every day, far busier than xmas

Yep, about the only things on my credit card for the last month are groceries, my daughter's Glassons' shopping and the wife's Rebel's shopping

[percy]

Hearing on the grapevine (courier mate) that Glassons are the hot new online shop when it comes to escalating parcel deliveries. Parcel volumes generally are breaking records every day, far busier than xmas

Keep to your bubble.
Don't come running around Opawa/Hillsborough in your girlie gear.......................lol

[Cyclical]

Keep to your bubble.
Don't come running around Opawa/Hillsborough in your girlie gear.......................lol

Hahaha, as much as my wife says she'd like to return to her roots, when push comes to shove, she's not really interested in going back to Chch, so I think you're safe ;-)

[percy]

Hahaha, as much as my wife says she'd like to return to her roots, when push comes to shove, she's not really interested in going back to Chch, so I think you're safe ;-)

Its Ratkin who is the worry..............
He lives in South West Sydenham....lol

[JeremyALD]

Hearing on the grapevine (courier mate) that Glassons are the hot new online shop when it comes to escalating parcel deliveries. Parcel volumes generally are breaking records every day, far busier than xmas

I do think they will reap the benefits of their significant focus on ecommerce. They already had a significant amount of volume going through online precovid.