I can't imagine its going to be good given the ongoing updates...

I can't imagine its going to be good given the ongoing updates have all been downwards this past year. But stock price has ticked up nicely along with other retailers though (the rising tide effect perhaps). Be interesting to see what the results bring.

I still hold because I think retail will turn and companies (even HVN!) can and do adapt. They have a lot of new product range that they are pushing - eg fitness equipment - and are pushing online (even though that space is crowded now it means that the net originators will themselves have much greater competition and some of them may go as well). Gerry vows he will be the last man standing). And there is that big real estate portfolio HVN has.