Consumer discretionary

In the three months since releasing its interim report for the six months to December 2018, The Reject Shop (ASX: TRS) has lost three of its seven Directors, including its Managing Director Ross Sudano. continue…

by David Buckland Posted in Companies, Consumer discretionary.

• save this article
• POSTED IN Companies, Consumer discretionary

With consumer spending on the slide, I think it’s only a matter of time before we see the earnings and valuations of many retailers take a hit. And that could throw up some compelling share price bargains for patient investors. continue…

by Roger Montgomery Posted in Consumer discretionary, Editor's Pick.

• save this article
• POSTED IN Consumer discretionary, Editor's Pick

Recent data shows a continuing decline in new and outstanding personal credit. This is a concern for our retailers, as it means Australians are taking on less debt for spending on discretionary items. continue…

by Andreas Lundberg Posted in Consumer discretionary.

• 2 Comments
• save this article
• POSTED IN Consumer discretionary

Yet another gloomy set of figures has just been released highlighting the woes that beset bricks-and-mortar retailers. It confirms our view that investors need to be cautious about retail stocks and, by extension, their landlords. continue…

by Andreas Lundberg Posted in Consumer discretionary.

• save this article
• POSTED IN Consumer discretionary

Research by UBS shows that online purchases in the US will grow to around 20 per cent of all purchases by 2022. This upward trend should also occur in Australia. But the pain won’t be equally felt by all brick & mortar stores. Some might be hit particularly hard. continue…

by Roger Montgomery Posted in Consumer discretionary.

• 6 Comments
• save this article
• POSTED IN Consumer discretionary

Over the last two years, I’ve been warning that the housing price and residential construction boom would end, leaving a bit of a mess. The big question now is not whether house prices will fall further. It is which other sectors will be impacted, and to what extent? continue…

by Roger Montgomery Posted in Consumer discretionary, Property.

• 4 Comments
• save this article
• POSTED IN Consumer discretionary, Property

Many economists believe that consumer spending is the most important short-run determinant of economic performance. Which is a worry. Because it looks like discretionary spending is heading south.

continue…

by Andreas Lundberg Posted in Consumer discretionary.

• save this article
• POSTED IN Consumer discretionary

You’ve probably noticed that shopping centres are changing. Gone are some of the old, familiar stores, and among the mix are likely to be a few empty and boarded-up shopfronts. This situation is playing out across the country, and is reflected in the latest data, which shows the retail failure rate at alarmingly high levels. continue…

by Andreas Lundberg Posted in Consumer discretionary.

• save this article
• POSTED IN Consumer discretionary

One of the more interesting stories in the market this year has been that of BWX Limited – an Australian company that manufactures body, hair and skin-care products primarily under the Sukin brand, and one the Montgomery team has previously written about. Sukin markets itself as Australia’s Number 1 Natural Skincare brand and is sold in both pharmacy channels and Coles. continue…

by Joseph Kim Posted in Companies, Consumer discretionary.

• save this article
• POSTED IN Companies, Consumer discretionary

While the Federal government continues to crow about the strength of the Australian economy, a worrying trend is occurring that is getting less attention: Australian households are saving less. Sooner or later, this trend will reverse. And when it does, consumer-oriented businesses will feel the heat. continue…

by Andreas Lundberg Posted in Consumer discretionary, Market commentary.

• save this article
• POSTED IN Consumer discretionary, Market commentary