A Rare Retail Upgrade

Here’s a surprise profit upgrade – from retailing, and from the furniture side of the sector at that. Nick Scali (NCK), the Sydney based furniture retailer says that despite a slowdown in the current quarter, it will be reporting higher sales and earnings (after a strong first half) in August.

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Sofa, So Good For Nick Scali

Furniture retailer Nick Scali ((NCK)) has picked a winner, it seems. Amidst a soft retail environment over the past year the company has managed to successfully roll out the Sofas2Go brand and stores. Analysts at Moelis recently met with management and came away comfortable that the growth profile of the company has improved markedly.

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