HLG - Hallenstein Glassons Holdings

winner (n) · Dec 19, 2022, 03:42 PM

Good intel there basil ...but hope you haven't been seduced by the action packed videos, sexy pictures everywhere etc and only hear what you want to hear

So Hallensteins Aussie on fire, particularly online (4 times NZ is a startling performance)

Maybe that solves your problem of where have all the imputation credits gone. Hallensteins NZ losing money ...maybe quite a lot .....and any reported from Hallensteins segment is Australia profit.

It must be costing heaps to keep those 42 stores going ..... probably selling less as years go by with online success.

Hope things improve dramatically with Hallensteins and it's not all talk.

Waltzing · Dec 19, 2022, 03:50 PM

Winner they can always shut some of them....

maybe starting in hamilton central...

Basil · Dec 21, 2022, 12:17 PM

I would not be surprised to see some rationalization of the N.Z. store footprint in the years ahead.
By FY24 I expect Australian sales to exceed N.Z. sales and that despite just over 40 stores there incl 4 Hollensteins stores and nearly double the retail footprint here. HLG have proven that expansion digitally works with Hallensteins online sales in Australia now exceeding N.Z. online sales despite Hallensteins having 10 times the retail footprint here, (source: annual meeting comments).

As N.Z. leases come up for renewal, I am sure we will see HLG run the ruler over store performance and renewal terms in very fine detail. HLG have best of sector online sales rates and best in class stock turn. I think by year end ~ 30% of all sales will be online, up from 27.9% in FY22.

With the Australia market 5-6 times the size of N.Z. and with roughly twice the retail footprint here as over there, there is profound logic to rationalizing the N.Z. retail footprint and expanding it in Australia.

winner (n) · Dec 21, 2022, 12:29 PM

Yes basil ...store footprint could become a problem if online takeovers

Sales through stores about thecsame as four years ago ....all the growth to $350m sales come from online

And no doubt the cost of keeping all those stores is increasing

Basil · Dec 21, 2022, 01:06 PM

Yeah its amazing how online has grown from ~ $20m per annum 5 years ago to ~ $100m last year and Australian sales overall have tripled in the last 5 years. Shareholders have a very exciting future ahead of them with New Zealand's oldest listed company.

Waltzing · Dec 21, 2022, 09:40 PM

Feb 17th.. day of truth..

Basil · Dec 22, 2022, 01:19 PM

Quite right mate, the trading update and profit forecast for the first half has been released on 17 February in each of the last 3 years.

winner (n) · Dec 22, 2022, 01:38 PM

Quote from: Basil on Dec 22, 2022, 01:19 PMQuite right mate, the trading update and profit forecast for the first half has been released on 17 February in each of the last 3 years.

But you'll have to wait until late March to get the exciting bits like how much Glassons Au has grown andcwhether NZ pulling its weight.

Basil · Dec 22, 2022, 01:44 PM

Quote from: winner (n) on Dec 22, 2022, 01:38 PMBut you'll have to wait until late March to get the exciting bits like how much Glassons Au has grown andcwhether NZ pulling its weight.

I'm pretty relaxed about that after some very useful help provided in sniffing that out 😉

winner (n) · Dec 26, 2022, 11:10 AM

Commentary from Oz - Boxing Day sales are going to be a boomer and special mention of clothing being the big winner

"Freedom spending" they call ....spend heaps on myself etc etc

Just as well themselves managed Glassons will have plenty of stock to sell ...no empty clothes racks for them

HLG half year result looking even better

Hectorplains · Dec 26, 2022, 02:49 PM

Boxing Day's sales in Australia predicted to be $3b! This is even with the weather forecast being for a minor heatwave with temperatures north of 27C in most state and territory capitals. Topped by Adelaide with a sweltering 37C. I can't see the attraction for shopping at the best of times but in that heat? Good luck to HLG - I guess swim wear will be popular.

Playa · Dec 26, 2022, 03:37 PM

Quote from: Hectorplains on Dec 26, 2022, 02:49 PMBoxing Day's sales in Australia predicted to be $3b! This is even with the weather forecast being for a minor heatwave with temperatures north of 27C in most state and territory capitals. Topped by Adelaide with a sweltering 37C. I can't see the attraction for shopping at the best of times but in that heat? Good luck to HLG - I guess swim wear will be popular.

Playa · Dec 26, 2022, 03:38 PM

It's a good place to be the shopping mall in Australia on a hot day with the aircon

Waltzing · Dec 26, 2022, 04:16 PM

winner() its better than being eaten by sharks at the beach!!!

remember last year when reports of fishing trips in BOP inlets were attacks by young great whites...

what ever the reason for shopping it may be that AUS saves the NZ retailers from a dire winter...

keep the some cash for any possible bargains... on the markets...

Basil · Dec 26, 2022, 08:34 PM

Quote from: Waltzing on Dec 26, 2022, 04:16 PMwinner() its better than being eaten by sharks at the beach!!!

remember last year when reports of fishing trips in BOP inlets were attacks by young great whites...

what ever the reason for shopping it may be that AUS saves the NZ retailers from a dire winter...

keep the some cash for any possible bargains... on the markets...

You have put me off swimming tomorrow lol