Kizame to much house brand junk at high prices. People have finally woken up to this.
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Kizame to much house brand junk at high prices. People have finally woken up to this.
Mrs Hoop is a frequent customer of MHI especially when they have their promotions.
A drop in activity from MHI in November December got her and her friends talking about shopping around
Not much happening anywhere.... so lets try the Warehouse at the Base (Hamilton)...
Good range of stock ...Great deals.. ..the quality was just as good as MHI.. The staff were knowledgeable, friendly, easy to talk too....
Bottom line November/December....The Warehouse got a $$$couple of grand from Mrs Hoop..MHI got nix.
Disc: Dont have shares in either MHI or WHS
EDIT: Yes Kizame.. the Warehouse has a poor image when thinking quality...My kids laugh at me when I say I'm going out to party at the Warehouse...some wouldn't be seen dead in the place less alone shop in it
Interesting Hoop,thanks for your reply.But they got a fair bit of my girlfriends xmas spend so(MH)... Time will tell.
The specialist retailer has been in this game for a long time and are quick to spot(usually)changes in trends or buying patterns,PLUS having international stores where trends begin they should have their fingers well on the pulse,so I still think a finicky xmas trading period worldwide.(maybe; hedges bets)
You can't beat going to a real jeweller .....beats the mass produced stuff lie michaels stuff ....and sometimes cheaper ....even for the stuff the jeweller makes him/ herself
Yeah ...Overall Xmas trade didn't seem that flash in America going on media reports.... but NZ was pretty good... I Agree, MHI is a competent, large enough company to analyse their Market ... fine tune its market strategies and bounce back.....its their competitors that now should be watchful...there's nothing worse than being in the same room with a pissed off gorilla.
Most probably losing out to on line jewellers.I note on lineAustralian retailers saw sales increase 27% while traditional retailers it was 2.6%.
Expect would be same here and Canada.
WHS would be looking at loss slimmer margins,as their rents and overheads would be a lot less per square metre than MHI.
Nothing like having a chat with the jeweller as he designs a piece just for her ... so he says. Online would never take experience away.
Should hear what the KKK ladies say about Michael's 'jewellery' over the lattes - would say he don't get much business
WHS been pushing jewellery (and most other things) on their website and daily specials and all that ... might get some traction from that seeing not many people in the actual stores.
Is there a chance that MHI are factoring in a decrease in raw materials (gold and silver) which they may have on their books (thats if gold and silver prices come down this year)
wonder how mhi online sales are going .... prob up more than the bricks and mortar stores eh percy
Would think they are up between 20% and 35%.If not they should get www.estaronline.com to do their web site.
Think that you should has a " Disc " in there, when you mention www.estaronline.com Percy :-))
Thanks Janner.
As a matter of record/"Disc" Percy and a number of Sharetrader's more astute posters have shares in www.estaronline.com, and none as far as I can remember hold any MHI.
Astute indeed :-))
Agree with you.!!!
A fantastic example of what can be achieved by a great business man.
I also think the issues of mall rents and internet competition,retail spending etc are very real.
To other posters may I apologise for what I thought was fun between Janner and me.No disrespect was meant.
Oh !!.. Must be careful how I word this..
Agree with you Sparky that Sir Michael Hill is an ethical man..
It is the concept of a public company owned and run by a Family that always worries me.. Yes it is ok as a new company ..
That is how most begin..
As they get larger the " Family " usually do not have the expertise to cover all ...
Rakon have not brought much if any " New Blood " into their thinking..
The same could also be said for Murdoch.. Hill.. Rhineheart..
Would I... Have I.. Invested into any of them ??.. No !!..
Sure many have made money from them.. Many more have made greater .. Investing else where..
Family controlled companies are better left to their own devices IMO..
haha.. Agree with you also Percy..
As we all scramble to not besmirch Sir Michael Hill...
It is your " issues " that I am trying to highlight.. The world is changing so fast today that it is almost impossible for one " Family " to comprehend and give well reasoned responses to..
Sparky ... To take the heat of of percy.. It was I that linked MHI and Rakon ..
With as I have already said .. No disrespect to Sir Michael..
It is just that one should be very aware of " Family " business's.. Madoff.. and the one from the South Island ( how quickly one forgets their name. Not being invested ).. Are good examples.. Ross... etc..
There has to be independant oversight.. And not with the same " Professional Independants ".. i.e. .. Muggeridge et al..
MHI... a family business.. Not with my money..