-
11-12-2019, 04:22 PM
#3611
HLG.November sales are twice October's,while December's are twice November's.[not a lot of people know that].lol.
-
11-12-2019, 06:58 PM
#3612
Thanks for your good feedback Percy. Much appreciated.
-
11-12-2019, 07:46 PM
#3613
The Glassons business in Australia is a good deal different from Glassons NZ.
For a start there is a huge temperature difference between The Gold Coast and Melbourne.So winter season clothing must be brought to suit the locations.
Australian fashion has a bit more of an "edge" to it.Leads NZ. [Bondi store.very edgy]
Glassons Australia is run by Australians.James Glasson even spoke like an Australian.!
The two Australian directors play a big part .I am not sure whether James said Tim Glasson or Mary Devine were over there every two or three weeks.Plenty of support from the board.
Having the new distribution centre,new and upgraded stores, together with outlet stores gives me the impression James and his team are ready for the next growth stage.
Funding for the continued dividend and expansion comes from their strong balance sheet,and their excellent logistics, meaning better stock turns and better stock clear out.
Margin is higher in Australia,however overheads are higher too,so net profit balances out.
One thing I think I was wrong about.I always thought Mary Devine was just keeping the MD's seat warm for James Glasson.Today I very much doubt James will be brought back to NZ,as he is doing such a good job in Australia,and loving doing it.
Last edited by percy; 11-12-2019 at 08:06 PM.
-
17-12-2019, 10:39 AM
#3614
Nice big divvy in the bank early this morning, half going on tax and the other half into more HLG shares.
-
24-12-2019, 05:38 PM
#3615
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
24-12-2019, 06:47 PM
#3616
Originally Posted by Beagle
Could be a record half year for HLG in NZ coming up
They keep sending me emails saying Im Awesome - if they say that I must be
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
24-12-2019, 09:29 PM
#3617
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
26-12-2019, 08:30 PM
#3618
https://play.stuff.co.nz/details/_6118210665001 Looks like chaos at the malls today. Glad I slept in and chose to avoid the madness.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
28-12-2019, 08:12 AM
#3619
https://www.stuff.co.nz/business/118...han-boxing-day
"Underlying spending for the key group of merchants was 0.4 per cent below Boxing Day last year.
Spending was up for the likes of sport equipment retailers, up 5.6 per cent, and hardware stores saw a 6.6 per cent increase but clothing and footwear stores saw a 7.6 per cent decline in sales from 2018"
Punters busy spending their money elsewhere this year
"Liquor stores were the big winners with a 14.2 per cent increase in spending on Boxing day"
-
28-12-2019, 08:33 AM
#3620
Originally Posted by mfd
https://www.stuff.co.nz/business/118...han-boxing-day
"Underlying spending for the key group of merchants was 0.4 per cent below Boxing Day last year.
Spending was up for the likes of sport equipment retailers, up 5.6 per cent, and hardware stores saw a 6.6 per cent increase but[B] clothing and footwear stores saw a 7.6 per cent decline in sales from 2018"[/bold]
Punters busy spending their money elsewhere this year
"Liquor stores were the big winners with a 14.2 per cent increase in spending on Boxing day"
No worries about clothes - punters dont buy clothes on fine Boxing Days and most had bought on Black Friday anyway
At the top of every bubble, everyone is convinced it's not yet a bubble.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks