New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Thematic (Sector/Industry)

<ul><li>When should investors own listed retailers? Our analysis of over 50 listed retailers suggests that total shareholder returns are strongest when a retailer is in the Optimisation phase—when its store roll-out is complete but it continues to improve per-store profitability through gross profit dollar optimisation and cost control.</li><li>Retailers in our study historically delivered c.20% total shareholder return per year in Optimisation.</li><li>Retailers in the Growth phase (when rolling out stores) also delivered solid returns for investors of c.15% per year. </li></ul>

When should investors own listed retailers? Our analysis of over 50 listed retailers suggests that total shareholder returns are strongest when a retailer is in the Optimisation phase—when its store roll-out is complete but it continues to improve per-store profitability through gross profit dollar optimisation and cost control.Retailers in our study historically delivered c.20% total shareholder return per year in Optimisation.Retailers in the Growth phase (when rolling out stores) also delivered solid returns for investors of c.15% per year. 

<ul><li>If Christmas shopping has snuck up on you this year, don’t stress—we’re here to make it simple!</li><li>We've curated a comprehensive Christmas gift guide to offer a variety of ideas for all your family members at any budget.</li><li>Included in this year's top picks are a pickleball set for family fun, a stylish ‘W’ cap (with a donation to Wikipedia), an Oura Ring combining tech and self-care, and a Matakana Village picnic for those who cherish quality time and good wine.</li></ul>

If Christmas shopping has snuck up on you this year, don’t stress—we’re here to make it simple!We've curated a comprehensive Christmas gift guide to offer a variety of ideas for all your family members at any budget.Included in this year's top picks are a pickleball set for family fun, a stylish ‘W’ cap (with a donation to Wikipedia), an Oura Ring combining tech and self-care, and a Matakana Village picnic for those who cherish quality time and good wine.

Retail Sector Santa's Stocking: What's in Store for Christmas?

<ul><li>Christmas is a significant trading period for retailers. While 2024 has been a challenging year for the sector, recent listed trading updates and Stats NZ data suggest that sales declines are slowing.</li><li>We expect gross margins will remain under pressure as competition is elevated across the industry.</li><li>Despite this, the sector is optimistic for the year ahead, with our recent Pulse of NZ Business survey showing that retailers have seen demand increase over the last three months. </li></ul>

Christmas is a significant trading period for retailers. While 2024 has been a challenging year for the sector, recent listed trading updates and Stats NZ data suggest that sales declines are slowing.We expect gross margins will remain under pressure as competition is elevated across the industry.Despite this, the sector is optimistic for the year ahead, with our recent Pulse of NZ Business survey showing that retailers have seen demand increase over the last three months. 

Retail Sector - What's in Stock for Christmas & The Year Ahead

<ul><li>Much of the action for the upcoming retail reporting season came to light during confession season in February.</li><li>KMD Brands (KMD) reported disappointing half year sales with declines across all brands; Hallenstein Glassons' (HLG) sales were flat, supported by a strong Christmas trading season and trading down trends; and the Warehouse Group (WHS) announced the sale of its under performing Torpedo 7 business for NZ$1. </li><li>The consumer backdrop has been challenging and we can't see any signs of that changing in the near-term. </li></ul>

Much of the action for the upcoming retail reporting season came to light during confession season in February.KMD Brands (KMD) reported disappointing half year sales with declines across all brands; Hallenstein Glassons' (HLG) sales were flat, supported by a strong Christmas trading season and trading down trends; and the Warehouse Group (WHS) announced the sale of its under performing Torpedo 7 business for NZ$1. The consumer backdrop has been challenging and we can't see any signs of that changing in the near-term. 

Retail Sector - Checking Out Reporting Season

<ul><li>Retailers are facing a challenging outlook</li><li>We expect to see signs of consumers cutting back on non-essential spend by mid-2023</li><li>In this Santa's Stocking report, we include a budget-friendly gift guide for the whole family which works for both last-minute Christmas presents, or gift ideas for the coming year.</li></ul>

Retailers are facing a challenging outlookWe expect to see signs of consumers cutting back on non-essential spend by mid-2023In this Santa's Stocking report, we include a budget-friendly gift guide for the whole family which works for both last-minute Christmas presents, or gift ideas for the coming year.

Retail Sector: Santa's Stocking: What's in Store for Christmas?

New Zealand

The Warehouse Group Limited operates general merchandise and stationery supply retail stores throughout New Zealand.

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Warehouse Group Limited (WHS NZ)

Retail Rundown - Retailer Life Cycles

Retailers that transitioned from Maturity to Optimisation historically delivered c.27% shareholder return CAGR in the three years following their...

Forsyth Barr

Retail Sector Santa's Stocking: What's in Store for Christmas?

If Christmas shopping has snuck up on you this year, don’t stress—we’re here to make it simple! We've curated a comprehensive Christmas gift guide...

Forsyth Barr

Retail Sector - What's in Stock for Christmas & The Year Ahead

Christmas is a significant trading period for retailers. While 2024 has been a challenging year for the sector, recent listed trading updates and...

Forsyth Barr

Retail Sector - Checking Out Reporting Season

Much of the action for the upcoming retail reporting season came to light during confession season in February. KMD Brands (KMD) reported...

Forsyth Barr

Retail Sector: Santa's Stocking: What's in Store for Christmas?

Retailers are facing a challenging outlook - although consumer spending has been generally robust over the past 12 months, the double-edged sword...

Forsyth Barr

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