Interesting article behind the pay wall on NBR this morning. Unseasonably warmer weather affects clothing sales. Mentions Kathmandu as one with potentially the most to lose with winter sales but also HLG, PPL Briscoes and WHS.

Must admit it has been very very mild, in fact out and about yesterday in Auckland's domain it felt like late spring. Temperatures as much as two degrees C higher than average for the last couple of months and very warm sea temperatures around N.Z. were mentioned supporting the proposition that all of May and perhaps even June will continue to be unseasonably mild.

Implications for HLG that have already admitted mild weather is affecting sales and PPL on just 9 cps and others...interesting times for retailers.