Assume you are talking about the Red Sheds
I've heard that argument so many times over the years but it seems based on misconceptions and not backed up by the numbers
Red Sheds over the last 16 years have grown sales at 0.9% pa (best year before this year 4.7% as well as several negative years)
Those 16 years have seen the ups and downs of the economic cycle - and interesting post GFC 2008 through 2011 Red Sheds sales declined every year. Tough times they said and even though NZ retail sales remained pretty positive there wasn't many 'heading down the road to make more value based decisions' at the Red Sheds
But then Red Shed sales might be up about 5% this year (and v 2019) just to prove that this time things are truly different