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Super Retail CEO: ‘great revenge’ spend rolls on

Carrie LaFrenz

Super Retail Group boss Anthony Heraghty says shoppers are extending their “great revenge” spending on sports, fitness, caravan and four-wheel-drive supplies, helping the leisure-focused group to record half year sales and profits well ahead of market expectations.

The chief executive of the group which owns Supercheap Auto, Rebel Sport, BCF and Macpac brands told The Australian Financial Review people still “want to live a little” and will travel locally if they might skip spending thousands of dollars on an overseas trip.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/gloom-and-boom-on-display-in-retailers-earnings-20230116-p5ccrd