HLG - Hallenstein Glassons Holdings

[Basil]

Pretty solid update from UNI in OZ bodes well for HLG continued growth

RBA put rates up to 4.35% today .....judt as well most Glassons customers don't have mortgages

Well spotted mate.  "The Group's YTD performance is very pleasing given current geopolitical and
economic uncertainties.   Despite these macro-economic conditions, we have not
seen a material shift in sales trends across the Group in this period."

Briscoes sales update the other day was also pretty solid.  Maybe its just old buggers like us that worry about geopolitical events and the young ones are still out and about spending and peacocking around like they always have been.   Certainly retail in N.Z. has been extremely tough for more than 6 years now since Covid hit and yet HLG sales have grown very nicely indeed over the years.

[Basil]

HLG's target market Gen Z very optimistic about the year ahead, significantly more so than other age groups.
https://www.news.com.au/finance/money/young-australians-back-themselves-to-beat-costofliving-crunch/news-story/2bed848015bbd86ca9f198fce5991928
13-30 year old's love getting out there dressed nicely to peacock around no matter what's going on in the world.  The social media pressure to look their best is relentless and HLG has their back with stylish clothes at an affordable price.

[winner (n)]

Some market research .... Australian women's apparel market is currently valued at roughly AUD 17+ billion and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.88%.

Jeez add market share gains for Glassons along with what Basil mentioned above re Gen Z no reason not to assume Glassons will grow by 15%/20% pa in the forseeable future

[Dolcile]

sssshhh I've been taking advantage of the recent weakness to top-up!