From Retail Watch - card transactions
For March Clothing & Footwear category down 2.4% on March last year (total overall spend up 3.1%)
Rag trade struggling a bit?
Printable View
From Retail Watch - card transactions
For March Clothing & Footwear category down 2.4% on March last year (total overall spend up 3.1%)
Rag trade struggling a bit?
What punters thoughts on the return of Di?
Hope her luck has changed from patch days
Marked Price Sensitive so must be good news
LOL I like your dry sense of humour mate.
http://www.nbr.co.nz/article/prodiga...sons-cs-187524
Her results at PPL are hardly what anyone would call "stellar" are they ! The chain could hardly be trading worse could it !
Suppose all the trendy women are listening to Hillary Barry and buying online. Blame Paul Henry's new Breakfast chat show for that eh, they seem to make a good team.
From that article - Analysts put the continued poor results at Glassons partly down to this high management churn.
Does the return of the prodigal daughter count as churn?
Returns policy at Hallensteins obviously quite generous (though retailers don't usually take back used goods unless they obviously broken)
Di - the $6m wonder woman
Immediate response to the announcement
....Mrs. Market likes it. I guess they wouldnt have got her back unless she had a positive history there already.......if she can turn Glassons around that should impact the bottom line many percentage points. All they need now is for the $NZ to continue strengthening and all might be rosy.
Also from that article...So she reckons she's learned lessons from her time away from HLG...one presumes at PPL. What lessons are those one wonders considering PPL is on its knees trading at the behest and pleasure of the bank after her tenure there. I hope she proves me wrong but I am cautious.
$Kiwi is slightly above the 20 year average so called Goldilocks level. Retailers better get fit and get used to this new normal IMO.
Yes NZD slightly ab0ve average at 67 US
Problem being that its +/- average for only 15% of the time as it cycles from high to lows
Pundits say it will go lower ....hmmm