As all these retail stocks most time are one result wonders only ....so I am very vary of these and their dividend yield theme ...Divvies dont make up for the big capital loss risk they pose ...also very illiquid so not easy to get out too especially when theme turns sour ...
According to Kiwibank retail card spending annual growth in March quarter was up 41.8% - not much danger to worry about yet.
Last edited by LaserEyeKiwi; 08-04-2021 at 04:36 PM.
KB economist "there appears to be a limit to the number of pools we can fit in the backyard, or how many times we need to repaint the house."
Me and most my friends bought bulk paint and building materials just prior to lockdown. We had a few days warning before level 4 so we hit the shops before 27 march last year. The resene shop was packed and the queue was out the door. At mitre 10 I witnessed others loading up trailers etc with you name it. I am surprised the yoy drop is only 9 percent because the first 2 and half months of 2020 were already busy.
Edit: i might have confused which periods they are referring to. The report is ambiguous imo
KB economist "there appears to be a limit to the number of pools we can fit in the backyard, or how many times we need to repaint the house."
Me and most my friends bought bulk paint and building materials just prior to lockdown. We had a few days warning before level 4 so we hit the shops before 27 march last year. The resene shop was packed and the queue was out the door. At mitre 10 I witnessed others loading up trailers etc with you name it. I am surprised the yoy drop is only 9 percent because the first 2 and half months of 2020 were already busy.
Edit: i might have confused which periods they are referring to. The report is ambiguous imo
Here it is on the Kiwibank website - very clearly shows the huge year on year increases still
I had a quick glance at that report. It is terribly written. It seems the March quarter is being compared to the December quarter, not that it says that. I would have thought such a drop was an annual event..? To then pour cold water on the annual growth of 41% because there has been a "structural shift away from cash" - does the author think EFTPOS cards were invented in the past 12 months? The report is absolute rubbish. The only thing to take with a grain of salt is the authors credibility.
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.
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 recognizing 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
Originally Posted by alokdhir
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