hmmmm 4 weeks ago.
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“ Another day, another retailer revealing sliding earnings. This time it is discounted clothing group Best & Less, whose sales have fallen 13.2 per cent in the past five weeks.”
https://www.afr.com/chanticleer/best...0230620-p5dhvd
Fear factor grips retailers as sales slow. A sharp slide in sales is forcing retailers to accelerate discounting and promotions amid warnings that the downturn in consumer spending could be deeper than during the early 1990s recession.
https://www.afr.com/companies/retail...0230614-p5dgiy
Imo part of the clothing spend will be reassigned to buying clothing while overseas on holiday.
Wfh meant we dont need to physically interact as much. Therefore less need to update the wardrobe. Although I do accept to there is a greater push to have workers back into the office more often.
Dollar General and Citi Trends from the states. Both in the discount segment showed similar metrics a few weeks ago.
I mentioned previously footlocker have a tonne of inventory and have been discounting since boxing day.
Go you little beauty. Winner over on Stock Talk must be right. all the young ladies will be flocking into Glasson stores to make themselves look good for the Taylor Swift next year:t_up:
The new HLG CEO?
http://nzx-prod-s7fsd7f98s.s3-websit...400/398129.pdf
yup.
https://www.nzx.com/announcements/414402
quick turnaround by HLG in the appointment.
looks like a very solid numbers guy.