HLG - Hallenstein Glasson

[Beagle]

Victoria opening up on Friday. Auckland nearly at 90% first dose vaccination so should be at 90% fully vaccinated within 3 weeks. Glassons and Hallensteins mainly sells to the younger aged demographic who are less worried about getting out and about. NSW open for business. Time to think about the bounce back ? The growth rate of Glassons Australia has deeply impressed me in recent years and especially last year when it continued despite widespread lockdowns. I think Glassons Australia has a huge future.

Disc: I got back on board in a bigger way last week.

[Waltzing]

With "12 Billion in the Kitty" and ready to be expended some of it might be spent on retail.

Even in wellington been told over the weekend there is an understanding that business wants action.\

US retails sales holding up well.

Which may mean AUS and NZ wont see a drop off after re opening.

Margins are the key too retail as well as MR B's fav stock turn.

Lower the margin higher the Stock T. Higher retail margins can allow for a lower stock turn.

Buy low sell high is also a good max for retail not just stocks.

A point made clear from a designer in sydney recently.

Off course there are more low wage earners then high in some demographics.

[pg0220]

https://www.rnz.co.nz/news/business/...ands-in-top-20
Hallenstein and Glassons rated A for ethical fashion brands. Not sure what it means but good to see them rated highly. Not a holder but I love Hallenstein clothes and just bought a few more sweaters from them

[winner69]

Going to be huge retail spend in Australia next few months ….matching last year

All those Aussie girls getting new outfits ….good stuff

https://www.businessnewsaustralia.co...gger-bite.html

[Rawz]

Going to be huge retail spend in Australia next few months ….matching last year

All those Aussie girls getting new outfits ….good stuff

https://www.businessnewsaustralia.co...gger-bite.html

Thanks for posting W69. Good for MHJ too

[winner69]

Seems like clothing retailers did it really tough during recent Oz lockdowns.

From the ARA commenting on that Roy Morgan data


The Roy Morgan data also values (for the first time) the impact of the most recent lockdowns on retail trade at $131 million per day across the economy.

“Unsurprisingly, these impacts have been most keenly felt in NSW and Victoria, at $40.4 million and $55.2 million per day respectively. And it’s also unsurprising that the most impacted categories were hospitality and clothing, footwear and accessories, at $71.7 million and $55.7 million per day respectively,” Mr Zahra said.

“These impacts will continue to weigh on annual growth in retail trade and will be compounded by the reduction Government stimulus payments and the end of 'mortgage holidays' for tens of thousands of Australians in coming months. We also have to remember that the sector is cycling some very high numbers off the back of a bumper Christmas last year.

“Overall though, the outlook is positive in the lead-up to Christmas and there’s a lot to be cheerful about in this years’ predictions.

No worries though ….Glassons would have and will continue to grow share ….and the outlook is good

Record HLG result in F22 I reckon

[nztx]

Seems like clothing retailers did it really tough during recent Oz lockdowns.

From the ARA commenting on that Roy Morgan data


The Roy Morgan data also values (for the first time) the impact of the most recent lockdowns on retail trade at $131 million per day across the economy.

“Unsurprisingly, these impacts have been most keenly felt in NSW and Victoria, at $40.4 million and $55.2 million per day respectively. And it’s also unsurprising that the most impacted categories were hospitality and clothing, footwear and accessories, at $71.7 million and $55.7 million per day respectively,” Mr Zahra said.

“These impacts will continue to weigh on annual growth in retail trade and will be compounded by the reduction Government stimulus payments and the end of 'mortgage holidays' for tens of thousands of Australians in coming months. We also have to remember that the sector is cycling some very high numbers off the back of a bumper Christmas last year.

“Overall though, the outlook is positive in the lead-up to Christmas and there’s a lot to be cheerful about in this years’ predictions.

No worries though ….Glassons would have and will continue to grow share ….and the outlook is good

Record HLG result in F22 I reckon

Time to have an empty truck ready - winner ?

Might be some weak hands about in the new week

[LaserEyeKiwi]

​Excellent news with this mornings new Covid framework announcement!

- retail will be open under every alert level
- more than doubling of resurgence payments to impacted businesses
- increased hardship support for minimum wage workers, meaning even a couple both working 40 hours on minimum wage will be getting extra payments if needed.
- enforced vaccination requirements to enter many establishments mean confidence for people to patronize premises

[Beagle]

Its actually a tripling of resurgence payments. The amount of the payment is doubled but its paid every fortnight rather than every 3 weeks so the overall effect is the payment is tripled.

[winner69]

Probably old news but this on Stuff today


Wow

https://www.stuff.co.nz/business/126...ng-at-glassons