No worries, just hold them.PS-You never know they may yet buy more, Im keen for more if it drops below $5.50.
Printable View
As the NZ continues to slip slide away Cameron Bagrie talking margin squeeze. One of his tweets
Retailers are set for a tough Xmas. Lower NZD/USD lifts import prices and good luck passing on a 10% or so price rise. #marginsqueeze
My experience says that retailers also have a demand problem as NZD drops - higher costs for consumers (petrol etc) means less overall spend
Can HLG manage a drop in demand along with a margin squeeze
And you have not added in rent increases,insurance increases,power increases or wage increases.
Best to leave any IT upgrade to another year.
Problem of trying to maintain market share, means increased advertising expenditure.
Just as well their online sales have gained momentum,however higher prices there, will also affect demand.
Yes prices are highly pressured in clothing. I inadvertently see online clothes shopping on the partners laptop. so much cheap stuff! So I am glad I reduced to half the position at 6.30 but would go back in at 5. Still near on 5% of equity portfolio. Back winners.
More good news Couts
Retail Card Spend for August showed Apparel sales up 0.6%
Not up much relative to other groups but still up
So with HLG stores growing market share they must be doing more than OK
Don't worry about skiing.
The important thing in Queenstown is to look the part.