Could be right but MHJ is winning market share so maybe market still shrinking
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Its a big ticket discretionary retail unlike used car retail or low cost clothing retail ...it was supposed to buckle fully by now under the pressure of rates and money being sucked out of pockets etc ...-4% maybe just the beginning ?? Next half will make the picture more clear maybe !!
PS : MFT 16 weeks report on 27th can throw more light on how its going in real economies and what to expect ahead ....
Supermarket promos are big business, but who actually gets a deal?
https://thespinoff.co.nz/business/19...ly-gets-a-deal
rubbish
christine lagarde said recently profit margins must decline to bring inflation in check
she then went on to say rates will stay higher for longer if they dont decline
In the US profit margins have declined 8 - 10% last 6 mths and inflation has rapidly fallen
in canada profit margins have fallen 20% and inflation has fallen rapidly
in the uk profit margins have kept soaring and inflation is still high
in nz profit margins have stayed high and inflation is still high
greedflation is keeping inflation high in nz esp food
Stupid, stupid, stupid. Wow the gift that keeps on giving.
Foodstuffs is a cooperative owned by the New World & Pak n Save supermarket owners. The real profits are made by the Franchise owners i.e. the local Supermarket owner. Many in recent years have made the NBR Rich List.
Countdown is of course owned by Woolworths.
None of these Supermarkets operate on a 2% return. None.
And so now you have back flipped admitting the returns are much, much higher and yet you want me to work it out!
You insult people regularly, get proven wrong regularly and then just brush it off with your regular response "that's fair" etc.
The arrogance is astounding.
Digger dog, nobody is talking about a 2% return.
Do you know what a margin is?
Your margin can be 0.5% and profit can be immense, you could have a 0.5% margin and a 200% ROC...
My 'that's fair' response is far from regular, very rare as it's in reply to someone who has actually made good arguments for their points.
How's the trading the global markets from you cellphone going while trying to get the business working? Sounds stressful.
A successful 20 year career in investment banking would see one amass quite some net worth, no?
None of them operate on a 2% margin either.
Speaking of digging, just keep digging the hole you are in.
In fact this article claims margins are more like 30 - 40%.
https://www.newshub.co.nz/home/new-zealand/2023/04/group-of-supermarket-suppliers-speak-out-as-it-s-revealed-how-much-kiwis-are-paying-for-their-goods.html
Fruit and veg store opened up the road from us. Sell ice burg lettuce for $2. Countdown sell em for $6 hmmmm
https://ca.finance.yahoo.com/news/as...213344452.html
Nasdaq Futures Slump as Netflix Dents Tech Shine
"Futures on the Nasdaq 100 fell 0.7% with Netflix Inc. set for its biggest intraday decline since December after missing sales estimates and projecting third-quarter revenue that fell short of Wall Street estimates. Tesla Inc. also fell after profitability shrank in the second quarter, a sign the electric-vehicle maker’s margins are being squeezed.
Such returns on the back of a handful of tech stocks are “overdone” and may be the precursor to a downturn, Aegon Asset Management strategist Cameron McCrimmon warned.
“The breadth of returns on the S&P 500 has become increasingly narrow, driven by a few mega-cap tech stocks on AI optimism, which is a classic sign of an ageing bull,” he wrote in a note."
It seems Sharesies members optimistic bullish again
https://www.goodreturns.co.nz/articl...ish-again.html
Commerce Minister wants to see supermarkets' 'super profits' come down
Commerce Commission chairperson John Small said on Wednesday he remained comfortable with a previous assessment that Countdown and Foodstuffs were together making about $430 million a year in excess profits
https://www.stuff.co.nz/business/132...fits-come-down
maybe he needs to talk to sailor rob as he knows more about supermarket profits than anyone lol anyway jokes aside the root cause of the problem was the commerce commission yrs ago allowing the concentrated sector to happen in the first place , without this occurring we wouldnt have a monopoly profits happening today
Yep owning a Supermarket is a license to print money. I remember a few years ago when a number of Supermarket owners starting appearing on the NBR rich list.
Now with the opening up of distribution centers to independents I see some items in my local dairy at similar prices to the Supermarket, sometimes cheaper. If I'm only after a few items it's certainly not worth spending the additional fuel to go to the Supermarket.
https://www.reuters.com/technology/t...ns-2023-07-20/
Taiwanese chipmaker TSMC (2330.TW) forecast a drop of around 10% in 2023 sales on Thursday and flagged investment spending at the low end of estimates as global economic woes dent demand for chips used in everything from cars to cellphones.
The world's largest contract chipmaker said that high demand for artificial intelligence (AI) and its position as the largest manufacturer of AI chips has not offset broader end market weakness as the global economy recovers more slowly than it had expected.