- Due to the COVID-19 pandemic, there were store closures and the retail industry was down.
- Online sales for retail businesses witnessed growth in the past year.
- Improved results for several companies indicate that things are getting back to normal.
The past two years have brought about several life changes for individuals across the world.
Besides, retail stores have suffered the most due to the ongoing pandemic. The retailers have been witnessing a major transition in the shopping patterns, with the major shift of people towards the online businesses.
Consumers are obviously more comfortable in shopping in the safety of their homes rather than risking their health and safety by going outside.
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Established in the year 1987, this Company is known for premium-quality gear and clothes for adventure travel. The Company witnessed a shift towards its website through the course of the pandemic.
As announced on 29 June, there were several store closures witnessed throughout Australia due to the lockdowns imposed in the country after there were new cases of COVID-19 found, which could be a factor in affecting the company’s sales performances in the near future.
On 1 September 2021, the Company was trading at NZ$1.380, up by 1.47%, at the time writing.
This Company is a wholesale manufacturer and distributor of jewellery, such as rings, bracelets, watches, etc., and operates in different countries like the US, Canada, NZ, and Australia.
In its full-year results given out recently, the Company announced an NPAT of NZ$45.3 million, EBIT of NZ$72.4 million and group operation revenue of NZ$556.5 million, all exponentially higher than pcp. The Company recorded a 53.4% increase in digital sales.
On 1 September 2021, the Company was trading at NZ$0.870, up by 1.16%, at the time of writing.
The Warehouse Group Limited (NZX:WHS)
While the Company started as a singular warehouse, it is now one of the leading retail businesses in the country, which is home to 6 different brands.
Most recently, the Company has announced its investment in Xoom Health Limited to help people with their daily medical needs without having to step out of their homes. This online pharmacy delivers prescription medicines across the country, indicating a further shift to the digital business.
On 1 September 2021, the Company was trading at NZ$3.780, up by 1.89%, at the time of writing.
Hallenstein Glasson Holdings Limited (NZX:HLG)
With retail outlets across the country, as well as in Australia, this 1985-established company is known for clothing retail outlets for both men and women.
Providing the latest update, the Company said that all its New Zealand-based stores remained closed from 18 August. The web stores on the other hand shall remain available for essential items.
Further, it said that it was closely monitoring the situation to be able to advise whether there will be any long-term negative impact on trading for the company.
On 1 September 2021, the Company was trading at NZ$7.280, up by 0.41%, at the time of writing.
Offering retail of sporting goods, furniture and homeware, the Company has operations in both of its listed countries, New Zealand, and Australia.
In the first half sales results announced till August 2021 the NPAT was approximated to be NZ$46 million, group sales NZ$358.4 million. Homeware sales growth was up by 20.77% while online sales witnessed a growth of 16.16%.
On 1 September 2021, the Company was trading flat at NZ$6.500, at the time of writing.
While the retails stores seem to be on their path to recovery, the recent Level 4 lockdown in New Zealand may tend to put the situation at risk, as non-essential stores are to remain shut for the duration.