Gives you "paws" for thought doesn't it, especially around $4.50.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Had a look at the central ChCh store this afternoon.
Buzzing.
Just visited the central Melbourne shop to check out its presence and it was simply stunning. I'm a guy and don't shop there obviously so have zero opinion about the stuff in it. However what was amazing was that While there were loads of woman's clothing stores in the large mall all around it ,Glassons was obviously the store of choice. There main clients seemed to be young twenties. I watched for a while ,not a too tough a job, and was gob smacked about the magnetic pull of the place. About 1/3 of the foot traffic going past went in and a third of those came out with a glasson bag . Including my daughter but she was being shouted as my mystery shopper. Whatever they are doing, they are doing it right.
I think the biggest indicator for me that things are going well is the lack of discounting. I finally picked up some shoes at 20% off but had to wait a month or so for an online deal. Go back 6 to 12 months and I was sent vouchers for 30% and 40% off everything at least every couple of weeks.
Hallensteins brothers campaign is also connecting. Their Instagram following has increased from 20k to 25k in about 6 weeks.
Things are looking good for an extremely strong year. 28m NPAT is on its way which will be their best year ever I think.
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