Worldline (formerly paymark) reporting that NZ retail spending is up 6% on last year & up 13% on 2019 for the 6 week pre-xmas shopping period.
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Worldline (formerly paymark) reporting that NZ retail spending is up 6% on last year & up 13% on 2019 for the 6 week pre-xmas shopping period.
you forgot to put it on the Bris, MHJ and EBOS thread as well...:t_up:
who hasnt got the lot...
Finally grabbed my new TV from Noel Leeming on Boxing Day, got one of the last two of that particular model in all the Wellington region. Fairly chuffed to get a $600 discount. Noel Leeming was absolutely packed with customers when I picked it up. Also picked up a couple of different outdoor furniture sets (from the red sheds), hard to find in-stock supply. Interesting to see how the demand/supply situation is there.
Strong Retail spending post-xmas
Quote:
Worldline, formerly Paymark, has released data for the last days of 2021 and beginning of 2022.
It covers about 70 per cent of New Zealand’s in-store electronic transactions.
The data showed that core retail merchants, excluding hospitality outlets, processed $696 million in transactions in the week to January 4. That was 7 per cent more than the same seven days a year earlier and 13 per cent higher than the pre-Covid times of the start of 2020.
https://www.nzherald.co.nz/business/...IHDNDFCRS4OB4/
Q&A with Nick Grayston - Paywalled
Excerpt - First question - How is your business planning to tackle 2022?
Consumer confidence is softening so all businesses will need to work hard in 2022.
Talks later about going on holiday in Aotearoa. I think the laser focus they have on all things ESG (not as extreme as Synlait but getting up towards that sort of obsessiveness) stems from the chief.
My opinion - All the low hanging fruit has been picked with this one and much of the heavy nesting expenditure during Covid, (e.g. new whiteware and other appliances) is already done and dusted.
Trading update. https://www.nzx.com/announcements/385720
You beat us to it!!!!
Based on actual sales for the first five months of FY22 the Group expects Adjusted Net Profit After Tax (NPAT) for HY22 to exceed $40m. This compares to $111m in HY21 and $46.2m in HY20.
1. Cost of doing business is expected to be $35m higher in the half-year, reflecting higher store labour costs, increased investment in TheMarket and an increase in digital spend. It is also expected that there will be additional costs of $10m - $12m reflecting the COVID-related impact to operations
2. Gross Profit Margin in the first half of FY21 benefited from a $10m decrease in inventory provisioning from FY20 and reduced discounting.
WOW - The ol late Friday afternoon trick to release very bad news to the market. I doubt anyone was expecting just over $40m compared to $111m last year....that's really BRUTAL !! I think its long overdue they gave up on their "themarket" fantasy which is clearly burning tens of millions per annum. Just accept its a flop and rely on your store network.
VERY pleased indeed I sold my entire shareholding late last year.
Really brings home the need for retail diversification..
Auckland lock down might have hit them harder than other stores..
M10 here in the waiwaka always has good custom and the RED sheds parking full..
Though if OMI comes it tells you that lock downs hit this stock harder than others.
OCA might be a shocker next 3 months if OMI is out and about.