yep i would take the kiwibank report with a grain of salt. retail sales up 41% yoy is huge even if it falls a little its not going to fall 41% this year and you would expect a little pull back. margins retail stocks are making are unlikely to fall though thats probably more important.
Mary Jo who wrote that report said take it with a grain of salt.
Stats NZ Card spend data next Tuesday will give a better idea of what’s gone on
”When investors are euphoric, they are incapable of recognising euphoria itself “
So look like the commentaries from the jbhi fi , harvey norman , warehouse etc all similar about sales etc still good into this year is continuing with another good month in march. still in line with my thinking that these types of stocks will still report very healthy results in the second halve this year and big increased dividends in line with the increased profits.
Part (all, or more?) of the annual increase will be due to the last week of March 2020 being in lockdown. The pharmaceutical anomaly might have been people stocking up pre-lockdown which masked the impact.
Sad for the workers eh. Sign of the times thou. Less employees, more technology, more automation. Blame amazon.. or progress.
Sales booming yet we need less employees.. And this is what consumers demand- lower prices. Actually this is why in the long term I am a deflationist. The same product or service can be sold for less and less cost.
The last time I went to the warehouse I picked out the product I wanted, purchased it at the self checkout and walked out without needing anyone's help. Don't recall seeing many employees actually- how many are left to make redundant?
Sad for the workers eh. Sign of the times thou. Less employees, more technology, more automation. Blame amazon.. or progress.
Sales booming yet we need less employees.. And this is what consumers demand- lower prices. Actually this is why in the long term I am a deflationist. The same product or service can be sold for less and less cost.
The last time I went to the warehouse I picked out the product I wanted, purchased it at the self checkout and walked out without needing anyone's help. Don't recall seeing many employees actually- how many are left to make redundant?
(NB. As a shareholder I am happy)
Good on you for paying .....I'm told the game is to scan everything but dont proceed past the pay option....just pretend to swipe your card
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