HVN 1.09% $4.64 harvey norman holdings limited

so far we have seen myr / api / wes and other specialist...

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  1. 3,607 Posts.
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    so far we have seen myr / api / wes and other specialist retailers all report falls in sales....

    aust wide:

    Australian Retail Sales Fall in December
    06/02/2018 11:49AM AEST​
    By James Glynn


    SYDNEY--Australian retail sales weakened in December following a sharp jump in November on the back of booming iPhone X sales and Black Friday discounts.
    Sales fell 0.5% in the month, compared with an expected 0.2% fall, the Australian Bureau of Statistics said Tuesday. Sales in the fourth quarter rose by 0.9%.
    A steep fall in household goods weighed on the December result. Household goods sales declined by 2.6% in December, swinging from a 4.7% rise in November.
    The data comes just ahead of the Reserve Bank of Australia's first policy meeting for this year, with interest rates expected to remain on hold at 1.5%.
    The RBA said in December that there were "significant" risks around the outlook for consumer spending citing record household debt levels and a 20-year-low in wages growth.
    With personal savings falling sharply, there is a risk that a slowdown in retail spending, a large part of the economy, could see the activity lose momentum.
    Still, a jobs boom is underway in Australia, with 400,000 new jobs created in 2017, taking some of the sting out of soft wages growth.


    rekon its going to be tough for Harvey's / jb's to buck thris trend (imho)

    rgds
    V_H
 
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