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Started by LaserEyeKiwi, Jun 27, 2022, 01:23 PM

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KW

#390
Feb 15, 2024, 12:59 PM
From Vicinity's earnings report today ...

Retail sales
Total portfolio retail sales growth of 1.5% in 1H FY24 was largely driven by food including fresh food, dining,
and supermarkets as well as sporting goods, cosmetics, and retail services.

Month on month retail sales growth moderated over 1H FY24, reflecting the softening of consumer demand
amid cost-of-living pressures, together with the cycling of particularly strong trading in the prior comparable
period.

Shoppers continue to show a willingness and capacity to spend, but are more discerning and value-conscious,
highlighted by the strong patronage across the portfolio during the Black Friday and Boxing Day sales events.

October was the first month where portfolio sales growth was negative since the recovery from the pandemic,
however combined November and December retail sales were up 1.3% relative to a strong prior year,
highlighting that shoppers are viewing Black Friday as a key part of the broader Christmas trading period.

Lower Apparel & Footwear, Homewares and Jewellery sales in 1H FY24 reflect cycling of exceptional growth
rates in recent years, compounded by significantly elevated living costs Australian households face today.

Small and Medium Enterprise ('SME') retailers are well positioned in a moderating retail environment, with
sales increasing 6.1% in 1H FY24, as shoppers continue to show a strong preference for SME-oriented
categories including services, food and dining, and other experiential retail.

Same-store luxury sales were up 0.7% for 1H FY24, also rolling off exceptional growth rates in the prior year.
Furthermore, brand performance was mixed, with the flagship luxury houses continuing to outperform.

Mr Huddle said, "There is no doubt that elevated living costs for Australian households are now impacting
consumption, particularly across the discretionary goods categories. That said, with international tourism
nearing pre-pandemic levels, migration at historical highs and with a tight employment market, we continue
to observe resilience. This resilience is supporting retailer confidence which continues to be reflected in our
operating metrics.

"The performance of the retail sector in 2024 ultimately depends on the level of inflation, when interest rates
will peak and the extent to which employment markets remain tight."
Don't drink and buy shares in a downtrend, you bloody idiot.

LaserEyeKiwi

#391
Feb 15, 2024, 07:16 PM

Waltzing

#392
Feb 24, 2024, 08:30 AM

Waltzing

#393
Mar 09, 2024, 01:52 PM
Note: Article listed not directly related to retail listed stocks.
----------------------------------------------------------------

well this lot wont be spending up big on retail therapy ....

amazing with such a flat economy in technical recession that retail stocks havnt crashed ...

wonder how small retail business is doing and the next QTR stats for the winter will be the numbers awaited..

https://www.stuff.co.nz/business/350206651/where-do-all-axed-journalists-find-work-now

BlackPeter

#394
Mar 09, 2024, 05:01 PM
Quote from: Waltzing on Mar 09, 2024, 01:52 PMNote: Article listed not directly related to retail listed stocks.
----------------------------------------------------------------

well this lot wont be spending up big on retail therapy ....

amazing with such a flat economy in technical recession that retail stocks havnt crashed ...

wonder how small retail business is doing and the next QTR stats for the winter will be the numbers awaited..

https://www.stuff.co.nz/business/350206651/where-do-all-axed-journalists-find-work-now

So - where could journalists find a job?

Apparently - they are looking for journalists in NZ:
https://thespinoff.co.nz/media/09-07-2022/too-many-jobs-not-enough-reporters-it-is-a-very-good-time-to-be-a-journalist

Apart from that ...

Every spin factory (and with populism rising, they have more of these) needs a handful of technically good journalists without a conscience. Just look at the stars from Fox news ... maybe some of the NZ journalists have as well what it takes to set up a poker face when spreading well paid for lies?

Our new goberment needs to produce endless lies and spin to justify e.g. cutting committed and required school projects and to spread guns and tobacco, surely - they will need some more news spinners?

And what's with the honest journalists?

There are still a number of high quality new outlets in NZ (RNZ, The Listener, some daily newspapers) - they need journalists.

... and endless opportunities for good journalists overseas: LinkedIn just lists 416 journalism vacancies only in Australia!

and for good writers who want to change the industry?

I remember my company used to employ a number of technical writers to write e.g. User manuals and other documentation. Good jobs, and I don't remember we had a flood of applicants if we looked for another technical writer.

Plenty of foreign companies could well do with some writers with reasonable command of the English language - pick any manual of a Chinese product to understand what I am talking about. More job opportunities.

No doubt plenty of jobs for the ones who are any good. No need to worry about reduced retail spending.

Waltzing

#395
Mar 09, 2024, 07:46 PM
well then NZ can join AUS as a new state ... its was section 6.

After all that economy is what appears to be holding up NZ retail companies...

Retail needs populations that are prosperous.





Basil

#396
Mar 09, 2024, 08:30 PM Last Edit: Mar 09, 2024, 08:35 PM by Basil
Interestingly I saw on CNBC this morning that the retail index is one of the top performing in the US, up 12% year to date, well and truly outperforming the DOW and S&P500.

In N.Z. we are seeing a more challenging environment caused in no small way by the extreme cost of housing here that's lead to a real bifurcation in how retailers are performing.   Value for money really counts now as well as excellent stock control and top-quality management.   HLG facing up to the challenge really well, non-value brands like Kathmandu, which is frankly Kathmandon't, really struggling.  Value brands with very poor management are also struggling like WHS.

Turners also doing very well, closed at $4.80 yesterday, significantly above its NZX50 index inclusion price of $4.66 mid-December and that's after paying a 6 cent divvy in late January, (total incl divvy, 20 cents above index inclusion).  Disc: I added more in February at ~ $4.60.  I think Turners has a very bright future ahead of it and is superbly well managed.  Classic GARP stock, buy and hold for the long term.   HLG might also be worth considering again at some point as the cost-of-living crisis eases and interest rates fall.

Crackity

#397
Mar 09, 2024, 11:13 PM
Quote from: Basil on Mar 09, 2024, 08:30 PMInterestingly I saw on CNBC this morning that the retail index is one of the top performing in the US, up 12% year to date, well and truly outperforming the DOW and S&P500.

In N.Z. we are seeing a more challenging environment caused in no small way by the extreme cost of housing here that's lead to a real bifurcation in how retailers are performing.   Value for money really counts now as well as excellent stock control and top-quality management.   HLG facing up to the challenge really well, non-value brands like Kathmandu, which is frankly Kathmandon't, really struggling.  Value brands with very poor management are also struggling like WHS.

Turners also doing very well, closed at $4.80 yesterday, significantly above its NZX50 index inclusion price of $4.66 mid-December and that's after paying a 6 cent divvy in late January, (total incl divvy, 20 cents above index inclusion).  Disc: I added more in February at ~ $4.60.  I think Turners has a very bright future ahead of it and is superbly well managed.  Classic GARP stock, buy and hold for the long term.   HLG might also be worth considering again at some point as the cost-of-living crisis eases and interest rates fall.

Love that word bifurcation

Makes me think of a canine holiday park

winner (n)

#398
Mar 12, 2024, 02:55 PM
I started tracking Apparel and Durables card spend (stats nz) when pandemic struck to see the impacts over time ......and maybe to assess when markets have become more normal.

Updated chart below

Durables line getting back to pre-covid trend ......and maybe apparel will still see a period of flat/declining sales

Chart shows $ of the day .....I should do it on a volume or inflation adjusted basis ......probably both below trend now.

You cannot view this attachment.

Waltzing

#399
Mar 13, 2024, 05:22 AM
Stocks moving up on the DOW are industrials and TRAVEL....

Some BIO tech is attracting a bid...

money moving away from the top tech firms..

NZ may be flat but is that a own goal and a period of reform (restructing) is going to be required.

Waltzing

#400
Mar 13, 2024, 12:37 PM
Briscoe Group Limited (NZX/ASX code: BGP)

https://www.nzx.com/announcements/427855

Waltzing

#401
Mar 15, 2024, 01:51 PM Last Edit: Mar 15, 2024, 01:55 PM by Waltzing
France to crack down on fast fashion ...

is this the start of regulations in some countries to limit the access to cheap clothing that is made in sweat shops...

cant see it here?

That could hit some retailers in  NZ and AUS...

https://www.france24.com/en/live-news/20240314-french-parliament-votes-to-slow-down-fast-fashion

Waltzing

#402
Mar 15, 2024, 05:18 PM
Wow!  will super markets follow suit and could the old ways of dealing with customers come back into fashion?

https://edition.cnn.com/2024/03/14/business/self-checkout-dollar-general/index.html

Waltzing

#403
Mar 16, 2024, 08:20 PM

Waltzing

#404
Mar 21, 2024, 01:28 PM Last Edit: Mar 21, 2024, 01:46 PM by Waltzing
At the bottom ... cant get any worse ... someone pass the TUI... or the brickbat.. how long has the economy been in recession now? Technical or not so technical.

Is there any technology being used to calculate this beside an excel spreadsheet down in wellington... Worst ever spreadsheet ever created by the way. Once you try the build an addin you will find out why... now Lotus 1,1 had a great french graphics and statistical add in. It was smooth fast and had a great range of pastels for graphing... 

https://www.nzherald.co.nz/business/gdp-is-new-zealand-in-recession-we-find-out-today/Y32IL4XXMBH6BC66XYWGNPHGPE/

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