Originally Posted by
Rep
Roger - if you had seen the queues to enter H&M when it opened in Melbourne and in Sydney, I'd be a touch more concerned as they have generally scaled up stores reasonably quickly.
They are a desirable anchor retailer in a number of locations in Australia, Europe and in the US - whilst HLG has been a consistent divvy stock for a long time, I'd be keeping an eye on H&M.
H&M and Zara are both businesses pitched at affordable AND fashionable. They haven't become behemoths globally without knowing a thing or two about building share and rolling out stores. They also have for the most part, pricing parity across their stores.
In the same way, IKEA opened with one store in Australia, they have a considerable business in Australia quite quickly at the expense of traditional retailers.
PS - I wouldn't be looking at the USD/NZD cross for H&M either.... it's more like the Euro/NZD