IMO that's a very true. Small and local stores (mainly with no line presence) will not last, big retailers will absorb their market.
Take Mosaic brands MOZ for example (which struggled to move sales online, potentially because some of their customer base is older - Rivers) doesn't share that growth potential so much. Haven't participated in retail boom, and their SP shows it
This is getting worrying, page-27
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Last
$2.25 |
Change
0.020(0.90%) |
Mkt cap ! $1.272B | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.26 | $2.22 | $1.498M | 668.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 24447 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 15238 | 18 |
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| Last trade - 15.58pm 20/08/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |