Wilson running with the retail tailwinds

Wilson running with the retail tailwinds. Geoff Wilson from Wilson Asset Management believes the retail sector will be pushed along by the dual tailwinds of lower interest-rates and an end to the deleveraging cycle. We've now had 6-7 years of deleveraging and that could soon be over. Wilson's team invested in David Jones in December 2013, when the stock was trading sub $2.90 with the view that they would exceed Christmas sales expectations. With the stock now trading at around $3.40 the bet has quickly paid off. On the question of which of the two big department stores he prefers, Wilson plays it safe saying he'd own both, and thinks a merger of the companies would produce obvious synergies similar to when Myer acquired Grace Brothers.


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