Consumer discretionary
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Falling house prices mean tough times for retailers
Roger Montgomery
December 14, 2018
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.
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Three reasons why discretionary spending is set to fall
Andreas Lundberg
December 13, 2018
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.
by Andreas Lundberg Posted in Consumer discretionary.
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Is there even more woe in store for retailers?
Andreas Lundberg
December 3, 2018
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.
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Personal care company’s shares under pressure
Joseph Kim
November 1, 2018
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.
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Why consumer-oriented stocks could soon struggle
Andreas Lundberg
September 17, 2018
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.
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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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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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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.