Shares in automotive parts retailer and wholesaler, Bapcor have jumped to a record high after the release of its first-quarter update which showed Australians are spending more keeping their existing cars roadworthy and going.
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The Premier Investments suite of retail businesses are resilient, with online anincreasingly crucial driver of sales going forward.
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No dividends for the 2019-20 financial year for shareholders in retailer Kathmandu. The pandemic and lockdowns also meant the company got no real benefits from its expensive purchase of Rip Curl in 2019 though that did help boost revenues for the year to July 31.
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Yes, as forecast Victoria’s lockdowns hit retail sales in August, knocking them lower, but what did surprise was the fall in the month outside that state as the retail boom seemingly slowed. And you can be certain the lockdowns will have a similar impact in September, but will sales outside Victoria also fall for another month?
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Another very strong sales and profit update from retailer Harvey Norman with the company revealing double-digit growth through the first quarter of 2020-21 as consumers continue to spend heavily.
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Shares in women’s fashionwear retailer City Chic fell more than 15% yesterday at one stage as investors took fright at the news it had missed out on a major deal in the US.
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Credit rating group, Moody’s sees Australia’s major supermarket chains – Woolies and Coles having a solid first half of the 2012-21 financial year, thanks to the continuing threat from COVID-19.
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Consumers shopped in larger quantities, less frequently and increasingly online during the height of the nationwide lockdowns. The question now is: which trends will persist and which stocks will benefit as restrictions ease?
Read MoreThe strong growth in retail sales in July was confirmed on Friday by the Australian Bureau of Statistics which reported a rise of 3.2%, seasonally adjusted from June. This updated the preliminary report of a 3.3% rise published by the Bureau on August 21 and was faster than the 2.7% rise in June.
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Embattled women’s wear retailer Mosaic Group has settled its nasty rental standoff with Australia’s largest retail landlord that saw it locked out of 129 of its stores in Westfield’s malls two weeks ago.
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As expected Australia’s largest shopping mall owner Scentre Group (owner of the Westfield chain of shopping malls) has reported a massive loss for the six months to June 30 after a savage write down in the value of its centres brought on by COVID-19.
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Women’s fashion retailer Mosaic Brands has sprung a major shock in its 2019-20 results by revealing a wide-ranging restructuring program that will see up 500 outlets shut, with hundreds of jobs to go as a result.
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As expected Brisbane-based Super Retail Group has been another retail group to have a ‘good’ pandemic. Like a host of other retailers, Super Retail has performed well because its chains were able to continue trading during lockdown and demand increased for things like home gym equipment, car products, and camping goods.
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New ABS data shows July’s retail sales rising 3.3% from June to be up a massive 12% from July 2019. That’s the strongest annual sales growth since June 2000, just before the introduction of the GST.
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Like many of its rivals, discount retailer The Reject Shop has had a good pandemic using the surge in demand from consumers to haul itself back into profit in the year to June.
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Online retailer Kogan was yet another to confirm changed guidance for the year to June – this time on the upside (compared with the downgrades for BlueScope and loss for Lendlease).
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JB Hi-Fi has been one of the biggest benefactors of Australia’s coronavirus lockdowns, with thousands of Australians buying new TVs, monitors, laptops, phones, watches, and keyboards to help work from home throughout March and April.
Read MoreAustralia’s largest shopping mall group, the Westfield mall owner Scentre Group is looking at a sharp fall in June 30 half-year earnings and will slash the value of its 42 shopping centres across Australia and New Zealand by around 10% or about $3.8 billion thanks to the impact of the COVID-19 pandemic.
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Retail sales growth will not be as good as we saw in May and June for quite a while as Victoria locks down most of its retailers in an effort to control community transmission of the COVID-19 virus.
Read MoreThe volatility in retail sales data slowed dramatically in June, according to the mid-month update from the Australian Bureau of Statistics.
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Retail sales might have jumped sharply in May, as expected after the strong preliminary report last month from the Australian Bureau of Statistics but for the first five months of 2020, the situation was a very different story.
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NZ-based Outdoors retailer Kathmandu looks like reporting a 30% fall in profits for the year to July and is not confident at all about prospects in the 2020-21 financial year starting August 1.
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First Kogan.com now Temple and Webster, the other major listed sole online homewares and furniture retailer will look to raise new capital from shareholders to help bolster its digital offering after the surge in sales earlier in the year during depths of the coronavirus lockdown, continued in June.
Read MoreTemple & Webster is solely online (like another boom-story, Kogan.com) and had already seen a big surge in sales (and positive earnings) before COVID-19 hit and that has continued, at a higher pace. Yesterday the online homewares and furniture retailer said it had nearly doubled its sales during the coronavirus lockdown.
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A strong boost to sales is expected for key business units of Super Retail from a resurgence in domestic travel. Moreover, market concerns regarding the company’s balance sheet should be put to rest now with the company undertaking a $203m capital raising
Read MoreOutdoor, sportswear, and car parts group, Super Retail Group plans to raise $203 million to help grow its business as it emerges into a post-COVID-19 lockdown world.
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Another strong sales report from JB Hi Fi (and its Good Guys offshoot) to go with its surprisingly solid March quarter figures. As a result of the better than expected report the company has reinstated and upped its full-year guidance.
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Harvey Norman (HVN) shares jumped sharply yesterday after the electronics, whitegoods and furniture retailer revealed a special dividend for shareholders after reporting five months of booming sales during the coronavirus lockdown.
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Sales activity at Bunnings and Officeworks has been stunning over the period of pandemic-related restrictions but signals there is very little operating leverage for Wesfarmers going forward.
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Realism from a major US department store chain about when life for it (and most retailers) will be back to pre-COVID-19 ’normal’. In an interview after releasing the barebones of its March quarter figures, Macy’s warned that its business was not likely to return to normal until late 2021.
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The strains in retailing caused by the COVID-19 pandemic slamming retail sales in April and May has seen Vicinity Centres, one of the biggest shopping mall operators in the country heading for a $2 billion-plus loss for the final six months of its June 30 financial year in what will be the start of a round of huge write-downs for the sector.
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While department store operator, Myer is re-opening most of its stores this week, and yet rival David Jones is looking to close many of its 48 outlets across the country. It’s not that Myer is a financial or sales success story, far from it but judging from the trading update yesterday in South Africa from parent, Woolworths Holdings, David Jones’s is slip-sliding its way deeper into trouble.
Read MoreShares in women’s fashionwear group, City Chic Collective surged more than 15% yesterday on a strong trading update for its online business.
Read MoreFollowing a record 17.9% slide in retail sales for the month of April the final quarter of the June 30 year will be a rough one for Australia’s retailers.
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A massive week for the US retail sector ahead with most majors – and a few middle rankers – due to report their March quarter figures. Judging by the retail sales data for March – a slide of 8.3% – the reports won’t be healthy – except for giants like Target and especially Walmart.
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Another rare winner from the COVID-19 crisis was confirmed yesterday – The Shaver Shop said it saw a massive 387% boost in online sales since the start of April, sending shares soaring 36%.
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For all the optimism about the way some retailers are riding out the COVID-19 storm, yesterday Mosaic Brands provided us with a timely reminder from one of the hardest-hit sectors – clothing – about the deep damage done so far.
Read MoreAs expected retail sales were strong in March, despite the rapid spread of lockdowns designed to slow the COVID-19 pandemic but they ended up stronger than the first estimate issued a couple of weeks ago by the Australian Bureau of Statistics.
Read MoreOutdoor wear retailer Kathmandu has stepped up the re-opening of outlets as its online sales continue to ban. The group has been slowly re-opening outlets in Australia and now wants to accelerate the pace to where most of its stores in Australia will be open and trading by the end of this week as the COVID-19 restrictions are eased.
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