Two down (grades) - six to go
Two down (grades) - six to go? On the back of profit downgrades from Pacific Brands and The Reject Shop it may be worth revisiting a post from Jo Little - our Senior Analyst for the Consumer Discretionary sector. Following the retail sales figures for April, Jo flagged difficult retail conditions in the months ahead, suggesting profit downgrades were on the horizon. Jo listed eight companies of most concern. Given the announcements today it's worth looking at the other six: (VIEW LINK)
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.