Retail Stocks

[KW]

NZ really is a basket case at present (pun intended lol)

From ADH results today.   
Mocka – Australian sales are up +4.6% on FY24 whilst New Zealand sales are down -15.7%.

[lorraina]

I note ADH's share price is down 14.1% today.
Can not be all NZ's fault.?

[Fiordland Moose]

NZ really is a basket case at present (pun intended lol)

From ADH results today.   
Mocka – Australian sales are up +4.6% on FY24 whilst New Zealand sales are down -15.7%.

Patchy and inconsistent performances out of Australia but some pockets are doing well...including...ahem...Universal Store who have been going from strength to strength.

Even Glassons Australia looks to have done well based on google trends and similarweb data. Sadly glassons NZ and hallensteins look to be getting spanked.  Credit card spending - even allowing for inflation and population growth - on apparel for July was diabolical. None the less the rate of decline for many listed retailers has slowed and might start picking back up next year and SP's have been on the rebound for a handful.

Briscoes holding up well, as always.  Wouldn't be surprised to see it get into the NZX50 in the next 12-18 months, which with its liquidity really says something about the NZX.

[lorraina]

Australia's retail sector has been in recession for the past 18 months - and recent trade data is bearing the hallmarks of an "economic horror show" for retailers between now and the Christmas holiday period.

The grim call by Deloitte Access Economics partner Dave Rumbens follows retail spending declining across six of the last seven quarters, as Aussies grapple with the soaring cost of living and rising interest rates, coupled with slowed wage growth.

Real GDP growth over the year to March came in at 1.1 per cent, the slowest annual growth outside the pandemic since the 1990s.

Consumer spending only grew 1.3 per cent over the past year.

[Fiordland Moose]

Kmart going well. Fantastic operators.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02845058-6A1222623&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

[kiwi2007]

Great operators and a really well presented report. So easy to look through.

[Waltzing]

What can inflation do? well we have been reminded .....

amaxing that they did QUU EEE in 2008 and all was fine....

this time inflation showed up inside just over 16 months ....

back then doctor doom predicted inflation and the US dollar getting hit hard ...

well this time they havnt interviewed him but the perfect storm swept in...

what a xxxx show its been..

[BlackPeter]

What can inflation do? well we have been reminded .....

amaxing that they did QUU EEE in 2008 and all was fine....

this time inflation showed up inside just over 16 months ....

back then doctor doom predicted inflation and the US dollar getting hit hard ...

well this time they havnt interviewed him but the perfect storm swept in...

what a xxxx show its been..

Sounds pretty though - what times are you referring to - the big depression 1929?"

unemployment depending on region between 25% up to above 50%, investors jumping out of high lying windows, people dying of hunger ...

You can't possibly talk about this wee headwind we are currently observing?

[Waltzing]

we arnt in a world where data is collected by chalk boards and therefore its all relative...

[kiwi2007]

No GST or import tax on almost anything imported from Temu and the rest as long as it's under $1000.00. Time we started collecting some of that missing 26.5% (10% import tax and 15% GST on the total). 

(EU and UK charge on anything over $270 ish NZD)

[BlackPeter]

No GST or import tax on almost anything imported from Temu and the rest as long as it's under $1000.00. Time we started collecting some of that missing 26.5% (10% import tax and 15% GST on the total). 

(EU and UK charge on anything over $270 ish NZD)

Unfortunately - you are quite ill informed.

All big online traders and importers (and Temu is certainly one of them) have to collect and pay GST in New Zealand. Temu is anyway sending the parcels in large quantities together (i.e. they come as container across the border), paying their dues and only handing the parcels in NZ over to the Post service.

Only exemption is if you send annually goods for less than $60k to NZ. And no - this is not Temu.

https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1000---ir1099/ir1022/ir1022-2023.pdf?modified=20230813215540&modified=20230813215540

Have a look and do your research - better to get your facts right.

[Fiordland Moose]

Unfortunately - you are quite ill informed.

All big online traders and importers (and Temu is certainly one of them) have to collect and pay GST in New Zealand. Temu is anyway sending the parcels in large quantities together (i.e. they come as container across the border), paying their dues and only handing the parcels in NZ over to the Post service.

Only exemption is if you send annually goods for less than $60k to NZ. And no - this is not Temu.

https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1000---ir1099/ir1022/ir1022-2023.pdf?modified=20230813215540&modified=20230813215540

Have a look and do your research - better to get your facts right.

And to think its widely believed that germans arent really people persons...

[Left Field]

Even Briscoe's finding trading hard....just as well Rod runs a tight ship

https://www.nzx.com/announcements/437806

Highlights for the 26-week period – 29 January 2024 to 28 July 2024:
 • Record sales of $372.08 million, +0.77%
 • Underlying trading profit(1) of $40.58 million, 95% of last year's half year NPAT
 • Online sales as mix of total Group sales 18.77%, (LY 18.33%)
 • Total costs less than 1% increase on last year
 • Total Inventory $13.89 million (-11.55%) below last year
 • $35.00 million capital investment made during the period
 • Interim dividend of 12.50 cps, maintained from previous year

[Waltzing]

Brisc SP lifted back some gains but really they will be under pressure going forward as other retailer platforms including some international ones will keep coming into NZ..

OIL down 3% overnight might bring some relief to inflation going forward if it stays down although wider war in the MEast will knock that about...

https://www.cnbc.com/2024/09/26/crude-oil-prices-today.html

[Waltzing]

next rbnz meeting

https://www.rbnz.govt.nz/monetary-policy/about-monetary-policy/the-official-cash-rate#uOPyufLEZ0iJGIBrbLn0OQ

50 this time or a little wee nothing much...