HLG - Hallenstein Glassons Holdings

[Fiordland Moose]

They seem to be moving away from this.  They have surrendered the large flagship store in Chch CBD, and moved Glassons into a store next door which is one third the size (they effectively swapped with Mecca) while Hallensteins has been moved to a separate store which used to be Lululemon's but they moved out to a space that was double in size.
https://www.thepress.co.nz/nz-news/350070353/big-brands-vie-spots-city-mall-fills

aye I saw that - probably a more specific thing to CHCH/NZ. across last year, particularly in AU, they extended quite a few stores. I'm confident Sqm per store has increased.

re penalty rates, it's much more an australian thing.
https://legalvision.co.nz/employment/do-i-have-to-pay-penal-rates/

[winner (n)]

RetailWatch data shows clothing store sales for January down 4% on January last year ..NZ this is for

Be interesting what HLG come up with as to how first half went

Maybe later this week?

[seaweed]

RetailWatch data shows clothing store sales for January down 4% on January last year ..NZ this is for

Be interesting what HLG come up with as to how first half went

Maybe later this week?

Yes you probably right. I'm picking tomorrow for update. Hope the cattle don't get too spooked, but then most of us here and on ST know what to expect so hopefully not too many surprises. If they do get spooked I am ready to jump in and grab at any oversold shares. Paying a good yld at over 8% much better than my 5.2% in the bank. There are now more Glasson stores in Aussi than NZ, so yeah looking forward to the Aussi store results.

[winner (n)]

Amazing update from HLG

Sales about the same as pcp and profit up

I should not have thought the worst

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/HLG/426618/413101.pdf

[seaweed]

Amazing update from HLG

Sales about the same as pcp and profit up

I should not have thought the worst

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/HLG/426618/413101.pdf

Not to worry, it is hard to forecast  sometimes but am relieved in this climate. Another 24c div heading our way. Time to top up again for the mighty 8% + yld

[winner (n)]

Sales down 5% first 4 months

Ending up flat for 6 months is truly amazing

Headlines in media re retail didn't mean much eh

Or maybe new outfits to go and see Taylor helped

[Basil]

Shareholders should be really pleased with such a resilient outcome.  Good observation Winner.  Summer sales must have been very strong this year compared to last.  Perhaps the fact that we're enjoying proper summer weather this year is a contributing factor ?

[LoungeLizard]

Terrific result and further evidence if needed as to how good HLG's management are in delivering for shareholders through thick and thin.

[KW]

Sales down 5% first 4 months

Ending up flat for 6 months is truly amazing

Universal Stores (UNI) just reported the same thing. 

"While FY24 YTD US LFL sales have been negative, there have been encouraging signs of improvement as the half progressed. As outlined in the trading update (below), the Group has seen this improving sales trend continue into the first 7 weeks of the second half of FY24"

Also Lovisa (LOV)
"Comparable store sales down 4.4% on HY23.  Trading for the first 7 weeks of the second half of FY24 saw comparable store sales for this period up 0.3% on
the same time last year"

[Basil]

Insatiable demand from Tay Tay fans to try and look cool while they party.
Pretty sure Winner is a closet fan 

[lorraina]

Aren't we all.?..lol

[winner (n)]

Insatiable demand from Tay Tay fans to try and look cool while they party.
Pretty sure Winner is a closet fan 

Spotify has NEVER NEVER made me endure this Taylor....even in random mode

Is she any good

[Basil]

They reckon this Era's tour she's doing is the highest grossing tour of all time for anyone or any band...forget how many billion gross sales they said.

Anyway back to HLG.  Interesting that it's one of the very few retailers that have been able to tread water with their gross sales and profit while almost everyone else sinks.    Such a shame that treading water really means going backwards in real terms with inflation at ~ 5%.  Nevertheless, they're weathering the retail headwinds very well.

[seaweed]

Insatiable demand from Tay Tay fans to try and look cool while they party.
Pretty sure Winner is a closet fan 

That makes two of us. I am also a closet fan of Tay Tay and incorporate one of her video moves into my dance routines. HLG sp looks to be in a slow uptrend in the last 8 weeks and might have something to do with....

[winner (n)]

Be interesting to see how Oz and NZ have performed in first half

All retail indicators in NZ suggest clothing stores are doing it hard ...harder than other sectors. Expect a bad NZ result o reckon

So Oz must have done bloody well to keep the groups head above water