ASX Announcements
Market Sensitive
Preliminary Final Report, Company Presentation
- Aug 22, 2024
- 32 pages
Market Sensitive
Preliminary Final Report, Dividend Rate, Web Casts
- Aug 22, 2024
- 3 pages
August
Blundy’s Accent Group misses lofty expectations
After a tough 2023-24 when sales rose just 2.4 per cent and earnings fell, the new year began slower than investors expected, pushing shares down 16 per cent.
- Carrie LaFrenz
July
Bombed out retailers stage comeback ahead of results season
There is plenty of pressure on household budgets, but retailers from Universal Store to shoe chain owner Accent Group say trading is picking up.
- Carrie LaFrenz and Joanne Tran
February
Shares in Lovisa, Universal Store jump as dividends rise
The two retailers reported softer like-for-like sales but were bullish in their outlook, boosting returns for shareholders.
- Updated
- Carrie LaFrenz
December 2023
These nine micro-cap stocks are tipped to surge in 2024
Stock pickers say an unusual set of circumstances presents a great opportunity for brave investors to buy cheap companies with strong outlooks.
- Tom Richardson
November 2023
- Opinion
- Retail
Why Black Friday discounts could come back to bite retailers
In a desperate attempt to boost lacklustre sales, retailers have turned what was originally a short, sharp shopping promotion into an extended margin-sapping clearance sale.
- Sue Mitchell
September 2023
- Opinion
- Retail
Retailers hope new stores will beat the spending blues
New stores are helping retailers grow topline sales but if conditions deteriorate, they may drag on earnings.
- Sue Mitchell
July 2023
Fine dining and $500 bottles of tequila – where people are still spending
Cost of living pressures are denting sales of certain services – but not all.
- Carrie LaFrenz
June 2023
Fear factor grips retailers as spending slows
A sharp slide in sales is forcing retailers to accelerate discounting and promotions amid warnings that the downturn in consumer spending could be deeper than during the early 1990s recession.
- Updated
- Simon Evans, Carrie LaFrenz and James Eyers
Baby Bunting dumped to five-year low as profits slump
Shares in the retailer fell more than 16 per cent after it cut guidance following poor performance of a key promotional sale in May.
- Carrie LaFrenz
Amazon moves closer to $5.5b Australian milestone
A perfect storm is brewing for the US retail giant to gain more share of consumers’ wallets propelled by a weaker macro backdrop.
- Carrie LaFrenz
May 2023
- Analysis
- Sharemarket
ASX retail stocks are on a horror run for good reason
Foot Locker and Universal Stores have warned of a downturn as retailers skewed to low and middle-income earners are punished by the market.
- Tom Richardson
Universal Store shares tank 25pc on dour outlook
The youth apparel retailer’s shares fell, along with Brett Blundy’s Lovisa and JB Hi-Fi.
- Carrie LaFrenz
- Opinion
- Sharemarket
Why these four retail stocks are likely to survive a downturn
These lesser-known names are well-equipped to face a drop in spending.
- Elio D'Amato
April 2023
Amazon opens up Sydney robotics site to the public
Ever wanted to see how that little brown Amazon box arrives at your door? Here is your chance.
- Carrie LaFrenz
March 2023
Small cap specialist wants ‘full’ price for InvoCare from TPG
Marcus Burns blames central banks for the US banking crisis, and thinks TPG can afford to pay up to $13.50 for InvoCare.
- Tom Richardson
February 2023
Younger brigade still spending up
Spared from the worries of rising home loan repayments after nine rate rises, most younger consumers are still spending briskly.
- Simon Evans
December 2022
Travel vs retail: the battleground for discretionary spending in 2023
A fight is simmering: travel versus retail spending. There will be a looser.
- Carrie LaFrenz and Lucas Baird
November 2022
What investors need to look for in small-cap wreckage
If the bears are right, then stocks can go lower in 2023. But cashed-up investors will find rich pickings. When the turn comes, it will be fast and large.
- Tony Featherstone
September 2022
The RBA’s rate rises aren’t working on shoppers (yet)
Many retailing CEOs say spending is still solid after four rate rises and there is no sign of the “demand destruction” the RBA is aiming for.
- Simon Evans and Carrie LaFrenz
June 2022
Barrenjoey slashes retail outlook as discretionary spending slows
The sector is facing many earnings challenges from waning demand to higher discounting and cost pressures from labor to logistics.
- Carrie LaFrenz