Retail Stocks

[Waltzing]

LVMH organic revenue up  3 perccent?

20 something Billion...

ok what is organic? in the speak?

[Waltzing]

well this is really just fantastic news ....

https://www.nzherald.co.nz/business/tough-economy-for-another-12-months-warns-infometrics-economist/AZX2JJCISRBXDMXDPPKVKMGAPI/

3 years of slogging along?

[Waltzing]

will this sector reprice when the OCR across markets drop in 24 months...

HLG simple hasnt done its usual cycical sell off....

MHJ has broken itself again .... distressed asset.  another smash and grab last week.

but with ROB on the board they may be taking remedical action ... NZ is a Disaster for them. AUS is now there main market they must close some more stores in NZ do they actually need them? They are making a lot of changes and fast. Will it pay off for them?

There is a lot to play for isnt there. At least they dont have to worry about fast fashion dumping of ESG waste...
 
a mall in central hamilton just empty last evening.

will retail in NZ recover?

[Waltzing]

Is this in fact the time we realise that the TOPIC missing is INFLATION...

https://www.cnbc.com/2024/04/26/pce-inflation-march-2024-key-fed-inflation-measure-rose-2point8percent.html

and what is likely to be the recovery .... if and when...

is the market now stuck...

[Waltzing]

Amazon outperforms ...

be interesting to know the break down ...

web services versus warehouse and the types of products shipped..

https://www.cnbc.com/2024/04/30/amazon-amzn-q1-earnings-report-2024.html

cramer says the US economy is actually not holding up as well as the FED thinks ...

[BlackPeter]

Amazon outperforms ...

be interesting to know the break down ...

web services versus warehouse and the types of products shipped..

https://www.cnbc.com/2024/04/30/amazon-amzn-q1-earnings-report-2024.html

Quite interesting, and amazon is doing well despite aggressive competition from the likes of temu.

But I guess something needs to give ... just a pity it appears to be most of our local retailers who seem to loose the battle. Running out of No 8 wire?

[Waltzing]

Another one ...  retail in NZ is becoming a nightmare for owners...

a wild country ...

https://www.nzherald.co.nz/nz/whakatane-michael-hill-jewellers-burglary-two-arrested-police-looking-for-two-others/2U6IEUTOQRF5FDXTNPF55OBFUE/

[Waltzing]

lets not forget that some of the NZX listed retail stocks are now really AUS stocks ...

AUS GDP....  it might just NZ's saviour...  time to become a closer partner?

[Azz]

lets not forget that some of the NZX listed retail stocks are now really AUS stocks ...

AUS GDP....  it might just NZ's saviour...  time to become a closer partner?

Re NZ stocks, we should work towards moving everything on the NZX over to the ASX. Just need imputation agreement between the two countries.

One, much bigger, possibility is to join their Commonwealth - but as two states, most likely North [Island] and South [Island], and adding Wellington-and-environs to the South would be needed for better population balancing. It would not be viable for our future if we joined as one state, we'd just be another Tasmania lol. The Aussies probably don't want us though eh! I don't know what to think of this, whether I'm for giving up our sovereignty to join them, or against it; a proud fence sitter on this one.

[Waltzing]

there is a section in the AUS const waiting for NZ... or used to be...

[Azz]

there is a section in the AUS const waiting for NZ... or used to be...

You're right, there was! And it might still be there. I'll do some sleuthing...

[Azz]

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6. Definitions

The Commonwealth shall mean the Commonwealth of Australia as established under this Act.

The States shall mean such of the colonies of New South Wales, New Zealand, Queensland, Tasmania, Victoria, Western Australia, and South Australia, including the northern territory of South Australia, as for the time being are parts of the Commonwealth, and such colonies or territories as may be admitted into or established by the Commonwealth as States; and each of such parts of the Commonwealth shall be called a State.

Original States shall mean such States as are parts of the Commonwealth at its establishment.

https://www.aph.gov.au/About_Parliament/Senate/Powers_practice_n_procedures/Constitution/preamble

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121. New States may be admitted or established

The Parliament may admit to the Commonwealth or establish new States, and may upon such admission or establishment make or impose such terms and conditions, including the extent of representation in either House of the Parliament, as it thinks fit.

https://www.aph.gov.au/About_Parliament/Senate/Powers_practice_n_procedures/Constitution/chapter6

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[Waltzing]

 It is OFF topic go farther on that one...

But from a retail public company perspective the NZX is dead and NZ is fast becoming a basket case...

It would benenfit NZ to at least adopt the AUS dollar and develop closer and closer trade ties where the  markets one day become one..

this is also a direct threat to the NZX performance ...

https://www.stuff.co.nz/business/350269190/education-productivity-and-emissions-three-big-problems-nz-needs-fix-according

 

[Waltzing]

Get ready for that GFC recession treasury is talking about ? or is it just the normal winter blues ...

"rough ride this winter"

https://www.stuff.co.nz/business/350273192/big-drop-job-ads-across-country-and-all-sectors

some bargain prices coming later on the NZX later in the year?

retail to take another leg down?

[winner (n)]

Retail NZ lady says retai could boom with the soon to be tax cuts