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The Australian economy is undoubtedly slowing, which was evident given the number of earnings downgrades and soft results witnessed in the most recent earnings season. And while bottom-up stock pickers try to identify those growth companies poised to rerate based on a catalyst, paying close attention to what is happening... Show More
In market sell-offs like we’ve experienced this week, it’s hard to find anything that’s unaffected by the selling. The ASX200 was down 4.9% before trading opened on Friday, but the pain for momentum and technology stocks has been even worse. Show More
I have been calling an end to the Australian property price and construction boom/bubble for some time. And now property prices appear to be declining and auction clearance rates falling, the latter suggesting price falls are not over yet. Show More
In December last year, Unibail-Rodamco (a major European listed property trust) made an offer to purchase Westfield Corporation. The offer to Westfield shareholders is based on a combination of cash and Unibail shares and Australian investors will be able to invest in the merged entity in the form of units... Show More
‘Experiential retailing’ means different things to different people. Traditional retailers view it as the solution to the online threat. Shoppers see it as improving the face of shopping centres, offsetting the decline of department stores with innovative new speciality outlets and entertainment options. As for commercial property investors, well, we’ll... Show More
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. Show More
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Two years ago, retail stocks were performing well, while mining services companies were just about on life support. At the time, switching from one to the other looked like madness. However, investors that did were well rewarded. For example, JB Hi-Fi is off by 27% since its mid-2016 high, while... Show More
The increasing challenges faced by our retailers are well documented. But from adversity can come opportunity, provided a business is prepared to innovate. And from the US comes the story of a retailer that did innovate, and has done more than just survive – it has thrived. Show More
Not a day goes by without at least one economist, or journalist, pointing towards the housing cycle in Australia with the message: the cycle has peaked. Certainly, recent data support the thesis, at least for high density dwellings, but not so for other segments of the domestic housing market. With... Show More
Executive Series 21 Aug 17: Kogan.com Limited (KGN) Founder & CEO, Ruslan Kogan. In this short video we discuss KGN’s full year results, which included statutory revenue and NPAT of $289.5 million and $3.7 million respectively, and the factors that allowed the retailer to outperform Prospectus forecasts Show More