There is a Coronavirus thread available to put up your rant, you are obviously very shallow on the research front as well, no im not anti-vax as I've had plenty from birth till now.
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No idea what your argument is then - Covid restrictions being lifted, and the publics behavior following, is by far the biggest factor for NZ listed retail companies right now and for their results in the year ahead. It is 100% appropriate topic for discussion on the WHS thread, and any other retail company on this forum. Literally in two hours from now the government will confirm whether or not Auckland retail will reopen this week or not, and the decision is 100% based around covid. To suggest that covid in NZ and its impact on retail is not an appropriate topic of conversation on this thread is preposterous.
Only danger to retail is inflation and interest rates. Covid (once opened up) will have negligible impact.
There could be a relative decline in online shopping as many have had negative experiences with delivery delays. Also people will be keen to actually get out of the house and off the computer.
The idea that many will be too scared to leave the house is a bit ridiculous.
Question.
What is more depressing than being in Auckland?
Answer.
Reading Sharetrader!!
It would be good to read the stock forums without all the political hype/bias, and big picture covid arguing.
"The Group will be releasing its first quarter sales update this Friday, 12 November."
the stats will be on the NZX. W(n) will no doubt be looking for the latest release of credit card stats in NZ retail.
Aus might be interesting from the 6 month period stats out in Jan.
Yes should have frame the 6 months and stats out in Jan for NZ..
The NZ stats for retail will show the effect of AUCKLAND area as against Last Year.
that drill down into the variance might be interesting to show the patterns.
Retail Reopening confirmed! Wednesday is the day to start the splurge.
Strong indication that the move to the “Traffic Light” covid management plan (Where everything including bars/restaurants/cinemas/gyms etc reopens to vaccinated people with the vaccine passport system) will be approved for Auckland in the Nov 29th review.
I agree ratkin that COVID per se is not going to be the problem. But I can see inflation through cost increases and supply pressures (huge freight costs increases) becoming a big issue for retail. Those of us that have experienced it know how destructive inflation is and both businesses and employees simply are always left behind. IKEA is already acknowledging this as can be seen from this headline in the FT a couple of days ago: "Ikea warns of price rises and lower profits as cost and supply pressures bite"
Of course there will be a bit of a sugar rush when Auckland comes out of lockdown, but NZ retail will only do well in the medium term future if the Government keeps printing money at a crazy rate but eventually that will lead to NZD depreciation. If IKEA is readying for less profits because of inflation, what on earth makes us think the tiny WHS, HLG & BRG at the end of the World will escape it.
Once we belatedly open up the border, there will be huge pent up demand for travel, like many other countries are experiencing right now.
I am not buying into the rosy picture talked about by most on this thread.
Discl: very small holdings in WHS & HLG
LEK’s post is right on the button. Once retail opens we will all be exposed to the COVID virus challenge that comes when people congregate. Those who are vaccinated will still get flu symptoms but will be able to fight it off. The ignorant unvaccinated 10% will be hugely affected and a proportion will die - too bad, they have had 18 months to prepare. I feel for hospital staff who will be overloaded.
My 6 -y-o granddaughter will get vaccinated but will still be mixing with the carriers at school and therefore I have grave concerns for my 2-y-o grandson who will become exposed and not able to be vaccinated yet.