That card spend was seasonally adjusted number ...actuals for apparel was 89% down on April last year - from $332m to $36m
So down nearly $300m - HLG stores usually about 5% of this sector so sales down $15m for month ....at least - about $10m gross margin hit to bottom line ..... while at the same time overheads had to be paid.
And that’s just NZ
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