The month of May was especially brutal for a number of US and Australian retailers. In the US, GAP, L Brands, Macy’s Nordstrom and others reported weaker than expected or declining sales and profits. While in Australia, Wesfarmers announced an A$1bn write-down in the discount department store, Target, while the... Show More
Shopping Centres Australasia (ASX:SCA) units had a strong year, rising to $1.90. But in the recent correction they have fallen back to $1.70, which has given yield investors a good opportunity to lock in a 6.6 per cent unfranked yield and gain exposure to relatively stable non-discretionary retail. SCA's properties... Show More