Retail Stocks

[Waltzing]

1 percent inflation ? no cant be ....

https://www.interest.co.nz/economy/130012/economists-warn-there-rising-risk-deflation-if-reserve-bank-doesn%E2%80%99t-cut-interest


deflation??

[Waltzing]

100 basis point before santa....

notice AUS has none....

which means AUS retail stocks wont BOOM again till 2026?


https://www.interest.co.nz/economy/130026/westpac-economists-have-changed-their-forecast-and-now-pick-reserve-bank-cut

[winner (n)]

Posted this other channel

While looking MHJ yesterday I asked myself why do are the likes of Michael Hill and Kathmandu serial under performers while Briscoes and Hallenstein Glassons keep performing well even in tough times

Conclusion was management ability ..... the ability/inability to manage through the retail cycles and the ability/inability to execute on strategic plans.

Oops where Warehouse you may ask .....I wasn't going to include them with Michael Hill and Kathmandu but they do deserve to be in that group.

One thing in common with Michael Hill, Kathmandu and Warehouse is the screeds of glossy slides over the years outlining why they are wonderful and the great strategies as to where they taking the business. Nothing ever seems to come of them ....ie management inability to execute strategic intention. Then again some might say they think far too much when just doing would be better.

Briscoes and Hallensteins on the other hand don't do such raves. No doubt they have a good strategies and they just get on and execute them while keeping the business in good shape even in tough times.

Are the under performers going to change? I doubt it and it will show in their results

[Basil]

Great post.  Turners fits in there with retail, although a finance company as well.  They do excellent presentations about their future strategic plans and then just get on with the job and do exactly what they say they will do.  Just one record profit after another, year after year no matter what the headwinds and challenges are.   I have the upmost respect for the caliber of the management team there as well.

Why would you bother owning the Warehouse, Michael Hill or Kathmandu when you have the likes of Turners, Hollenstein Glasson and / or Briscoes to invest your hard-earned capital into ?

[Shareguy]

Posted this other channel

While looking MHJ yesterday I asked myself why do are the likes of Michael Hill and Kathmandu serial under performers while Briscoes and Hallenstein Glassons keep performing well even in tough times

Posted this other channel

While looking MHJ yesterday I asked myself why do are the likes of Michael Hill and Kathmandu serial under performers while Briscoes and Hallenstein Glassons keep performing well even in tough times

Conclusion was management ability ..... the ability/inability to manage through the retail cycles and the ability/inability to execute on strategic plans.

Oops where Warehouse you may ask .....I wasn't going to include them with Michael Hill and Kathmandu but they do deserve to be in that group.

One thing in common with Michael Hill, Kathmandu and Warehouse is the screeds of glossy slides over the years outlining why they are wonderful and the great strategies as to where they taking the business. Nothing ever seems to come of them ....ie management inability to execute strategic intention. Then again some might say they think far too much when just doing would be better.

Briscoes and Hallensteins on the other hand don't do such raves. No doubt they have a good strategies and they just get on and execute them while keeping the business in good shape even in tough times.

Are the under performers going to change? I doubt it and it will show in their results

Oops where Warehouse you may ask .....I wasn't going to include them with Michael Hill and Kathmandu but they do deserve to be in that group.

One thing in common with Michael Hill, Kathmandu and Warehouse is the screeds of glossy slides over the years outlining why they are wonderful and the great strategies as to where they taking the business. Nothing ever seems to come of them ....ie management inability to execute strategic intention. Then again some might say they think far too much when just doing would be better.

Briscoes and Hallensteins on the other hand don't do such raves. No doubt they have a good strategies and they just get on and execute them while keeping the business in good shape even in tough times.

Are the under performers going to change? I doubt it and it will show in their results

I think you are bang on with your conclusion winner

"Conclusion was management ability ..... the ability/inability to manage through the retail cycles and the ability/inability to execute on strategic plans".

Also a lot hinges on having the right buyer. A person who understands the market, and can procure at the right price a product that the market likes. Finding a person who really understands the market is the challenge.

Pumpkin Patch failed after being a market darling I believe when they lost their design team manager. The designs that came in were not fashionable and the customers deserted in droves including our family at the time. Hallensteins I would say have great buyers and designers who understand the trends and what people are going to want each year. If I was the boss I would be looking after these people.

As far as Briscoes go, they are good in bringing in stuff that people want and as Rod Duke has said they get very good buying terms as they buy in bulk. But again it's all about the right product at the right time. There buying team have done a very good job.

I have recently taken a position in KMD. Based on the share price to what it could be worth if they get it right. At the end of the day it's just a punt and not a big position. New ceo just announced, good insider buying plus the possibility of M&A is how I see it.

On saying that I met a person yesterday who said they have done deals with Macpak and just recently sold product to Torpedo 7. I asked about KMD and she told me the buyers are too difficult to deal with.

Are the underperformers going to change you ask? Only time will tell but yes the best can fall and the weak can rise.

[winner (n)]

Great post.  Turners fits in there with retail, although a finance company as well.  They do excellent presentations about their future strategic plans and then just get on with the job and do exactly what they say they will do.  Just one record profit after another, year after year no matter what the headwinds and challenges are.   I have the upmost respect for the caliber of the management team there as well.

Why would you bother owning the Warehouse, Michael Hill or Kathmandu when you have the likes of Turners, Hollenstein Glasson and / or Briscoes to invest your hard-earned capital into ?

As shareguy say those three are just punts (not really investing)  ....... cheap as ....half price etc etc ....and they might just come right one day ...or be taken over