Australia's biggest motorycle dealer downgraded profits for a second time in three months.
Apollo Tourism had a downgrade on Thursday on weakening retail conditions, partly caused by 'grey nomads' being more cautious in buying campervans.
Flight Centre dwongraded profits a week ago, with holidaymakers more relucant to book overseas holidays.
Australia's biggest motorcycle dealership company, ASX-listed MotorCycle Holdings, has joined the ranks of leisure-related companies warning of tougher times as people cut back on discretionary spending.
MotorCycle Holdings downgraded its full-year profit outlook on Friday amid sliding sales across the industry, a day after campervan sales and rental group Apollo Tourism and Leisure revealed a hefty downgrade triggered by worsening retail conditions.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
