Another day, another discretionary retailers saying customers are no longer coming.
Adairs, Godfreys, Booktopia, Lovisa, Super Cheap Auto, The Reject shop, Bapcor, City Chic, Kathmandu, Mosaic Brands... the hits keep coming. Even the best-in-breed, defensive consumer facing businesses such as Bunnings and Officeworks have stalled.
Most investors in the stock market - those under the age of, say, 45 years of age - have not known anything but free money sloshing through the economy and into households.
The retail demand-shock isn't going to be a short-lived phenomenon.
Many retail models - which were set up like the good times would last forever - are going to cease to exist.
.
Another day, another discretionary retailers saying customers...
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Last
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Mkt cap ! $6.426M | |||
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