Consumer discretionary
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THE GICS SHIFT
Roger Montgomery
September 7, 2018
We think the following note we received from one of our research subscriptions, McAlinden Research Partners is of interest and worth republishing in its entirety. continue…
by Roger Montgomery Posted in Consumer discretionary, Technology & Telecommunications
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U.S. Auto Sales Stalling
George Hadjia
August 30, 2018
For many years since the financial crisis, the U.S. car industry has been powering along, hitting new records for vehicles sold. However, recently the outlook has soured, with growth in the global auto industry slowing. continue…
by George Hadjia Posted in Consumer discretionary, Manufacturing
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Trump’s tariffs could steal Christmas from US retailers
Daniel Wu
July 27, 2018
The US recently announced it is planning to assess 10 per cent tariffs on a further $200 billion of Chinese imports. The new tariff list includes numerous consumer product categories, which could adversely impact US retailers in the lead-up to Christmas. continue…
by Daniel Wu Posted in Consumer discretionary, Global markets
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The decline of the overpriced consumer brand?
Daniel Wu
April 23, 2018
Global consumer packaged goods (CPG) companies have long leveraged their brand recognition to pursue an indiscriminate, pricing-driven growth strategy. Robust top line growth was all but certain through a mix of population growth and ever-higher prices, and cost reduction programs would drive even faster margin expansion to the benefit of the companies’ shareholders if not their consumers. continue…
by Daniel Wu Posted in Consumer discretionary
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Who gets gold in the e-commerce Olympics?
Christopher Demasi
March 13, 2018
Do you know which country does the most online shopping? How does the US compare? Do you even know what proportion of shopping is done online in Australia? In today’s memo I want to take the pulse of e-commerce across the globe given its becoming such a wonderful opportunity for some businesses, and such a disturbing threat for other businesses. continue…
by Christopher Demasi Posted in Consumer discretionary
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Is it time to take profits in Kogan?
Roger Montgomery
March 9, 2018
In the nine months since June 2017, the share price of Kogan (ASX: KGN), Australia’s online retailer, has soared by almost 460 per cent. But is this Amazon style company now over-priced? For an answer to that, look no further than the recent stock sales by KGN directors. continue…
by Roger Montgomery Posted in Companies, Consumer discretionary
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Australian Retail Sales Update….tailwinds for some
Roger Montgomery
March 7, 2018
We’re keen to keep an eye on retail sales. You might recall we have previously explained that on the positive side, unemployment if very low, is very good for retail conditions. On the negative side wages growth has been stubbornly flat and retailers have been unable to pass on any price rises. continue…
by Roger Montgomery Posted in Consumer discretionary
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Which retailers are surviving the digital disruption?
Roger Montgomery
February 27, 2018
Digital disruption is hitting the retail sector harder than most. But not all retailers have been affected to the same extent. Recent research by Citi sheds light on the winners and losers this latest reporting season. continue…
by Roger Montgomery Posted in Consumer discretionary
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Where have the profits gone?
Daniel Wu
February 23, 2018
It is no secret that the US retail sector is in the midst of a seismic structural shift. 2017 was a particularly tough year for retailers, with dozens of bankruptcies, thousands of store closures and consumers that were increasingly more interested in buying experiences rather than things. continue…
by Daniel Wu Posted in Consumer discretionary
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Disruptive forces finally caught up with Myer
David Buckland
February 16, 2018
After Myer’s (ASX: MYR) announcement last Friday it has been revealed they have had a very tough time in the 6 months to January 2018. Earnings are likely down around 40 per cent to sub $40 million on a 3.6 per cent decline in Revenue. continue…
by David Buckland Posted in Companies, Consumer discretionary
