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  1. #3951
    Speedy Az winner69's Avatar
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    Quote Originally Posted by bull.... View Post
    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #3952
    Advanced Member Entrep's Avatar
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    Perhaps part of the reasoning too? https://www.nzherald.co.nz/business/...P63DZ44BQI75Q/

  3. #3953
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    Quote Originally Posted by Entrep View Post
    Can only pass on price increases if they have product in stock.....

    But in terms of WHS, currency has moved favourably in the last 12 months. Also think they already pay the living wage, so already were over $20/hr.

    Although the "living wage" will also no doubt increase.

  4. #3954
    Speedy Az winner69's Avatar
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    I think we agreed the other day that Mary Jo's Kiwibank report the othr day was rubbish.

    Stats NZ Electronic Card Spend data out today - covers all card spend in NZ (bit more robust than just Kiwibank transactional data I think)

    Below a summary

    Things are 'slowing' a bit they say - if you prefer the seasonally adjusted numbers
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    Last edited by winner69; 13-04-2021 at 04:17 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #3955
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by winner69 View Post
    I think we agreed the other day that Mary Jo's Kiwibank report the othr day was rubbish.

    Stats NZ Electronic Card Spend data out today - covers all card spend in NZ (bit more robust than just Kiwibank transactional data I think)

    Below a summary

    Things are 'slowing' a bit they say - if you prefer the seasonally adjusted numbers
    looks like appliance sales etc still went up ... so all good
    one step ahead of the herd

  6. #3956
    ShareTrader Legend bull....'s Avatar
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    expanding further on the retail sales

    Changes in the actual value of electronic card transactions for the March 2021 month (compared with March 2020)

    Durables sub-industry movements:

    • furniture, electrical, and hardware retailing, up $105 million (17 percent)
    • department stores, up $54 million (20 percent)
    • recreational goods, up $21 million (16 percent)
    • pharmaceutical and other store-based retailing, up $9.9 million (2.9 percent).


    https://www.stats.govt.nz/informatio...ons-march-2021

    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.
    one step ahead of the herd

  7. #3957
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    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.

  8. #3958
    Speedy Az winner69's Avatar
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    More redundancies ...and prob getting rid of those stupid jewellery departments

    More profit for shareholders

    Good stuff

    https://www.stuff.co.nz/business/124...ndancy-rumours
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #3959
    Guru Rawz's Avatar
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    Quote Originally Posted by winner69 View Post
    More redundancies ...and prob getting rid of those stupid jewellery departments

    More profit for shareholders

    Good stuff

    https://www.stuff.co.nz/business/124...ndancy-rumours
    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)

  10. #3960
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Rawz View Post
    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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