A retail stock benefiting from the reopening of economies
In this week’s video insight Stuart discusses Universal Store Holdings, a recent listing on the ASX. While apparel has generally been a lagging segment of the retail market this year, casual and active wear have been the stronger components within the apparel market. Universal’s focus on streetwear has helped to through this period. Despite a material impact on sales during the lockdown period, Universal has performed very well with store sales bouncing back to year-on-year growth just 2 weeks after the 5-week lockdown ended.
The Montgomery Fund and Montgomery [Private] Fund owns shares in Universal Store. This video was prepared 09 December 2020 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Universal Store you should seek financial advice.