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Retail
Lovisa Shares Plunge 7% Amid Broker Downgrades and Competitor Lawsuit
January 09, 2025 12:12 PM AEDT| By Team Kalkine MediaHighlights:,Stock Performance,: Lovisa shares dropped 7% in early trade, compounding a 9% decline over the past month.,Broker Downgrades,: UBS and Jefferies downgraded Lovisa this week, lowering the stock’s consensus rating from "buy" to "hold.",Comp...
ASX Poised for Lower Open Amid Retail Sales Anticipation
January 09, 2025 11:52 AM AEDT| By Team Kalkine MediaHighlights,ASX 200 futures,indicate,a 0.4% dip as retail sales figures draw market focus.,Mixed global market performance driven by US jobs data, Fed minutes, and geopolitical developments.,Commodity prices fluctuate as currency weakness and US fuel...
Star Entertainment Group Faces Mounting Financial Pressure as Cash Reserves Decline
January 09, 2025 11:50 AM AEDT| By Team Kalkine MediaHighlights,Star Entertainment Group Ltd (,ASX:SGR,) reported a 46% decline in cash reserves during Q4 2024, leaving $79 million as of December 31.,Shares fell 26% to a record low of A$0.145 amid ongoing regulatory fines, legal fees, and operational s...
Wall Street’s Tech Surge Fuels Optimism for ASX Performance
January 07, 2025 11:24 AM AEDT| By Team Kalkine MediaHighlight:,Strong gains in US technology and semiconductor stocks have positively influenced Australian markets, with ASX futures rising slightly by 0.1%.,Global commodity prices experienced mixed trends, with gains in base metals offset by declines...
Wall Street's Volatile Start to 2025 and the Australian Dollar's Struggles
January 03, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Wall Street's Rocky Start:,US equity markets faced a volatile first trading day of 2025, with significant losses after an initial rally. Major indices like the Dow, S&P 500, and Nasdaq ended the day in the red, reflecting a retreat from e...
Woolworths Group Limited (ASX:WOW) Reverses Australia Day Merchandise Decision
January 02, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Strategic Shift,: Woolworths Group Limited (ASX:WOW) has reversed its 2023 decision to scale back Australia Day merchandise, now focusing on promoting Australian-made products for the holiday.,Community-Centric Approach,: The retailer cit...
Aussie Dollar Dips to Two-Year Low Amid Market Volatility
January 02, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,ASX Futures Signal Lower Opening:,A 0.75% decline anticipated as global economic uncertainties persist.,Weak Chinese Economy Weighs on Aussie Dollar:,Australian dollar drops to a two-year low at 62 US cents.,Mixed Market Movements:,US equ...
Australian Dollar Hits Multi-Year Low Amid Yuan Weakness and US Dollar Strength
January 02, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,The Australian dollar has dropped to its lowest level since October 2022, trading at 61.88 US cents, due to a sharp decline in the Chinese yuan and the continued strength of the US dollar.,Analysts link the weakening of the Australian dol...
Market Turbulence Marks End of 2024
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,Wall Street Weakness,: Major US indices, including the Dow, S&P 500, and Nasdaq, recorded declines, led by Big Tech sell-offs. The Dow fell 418 points, while the Nasdaq slid 1.2%. Boeing shares also dropped following a safety probe linked...
High Fuel Price Cycles Prolonged, NRMA Survey Reveals Discrepancies Across Australian Cities
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Significant Price Differences,: Perth emerges as the cheapest city for fuel at 181.4 cents per litre, while Canberra and Brisbane face the highest fuel prices, with averages of 196.3 and 195 cents per litre, respectively.,Extended Petrol...
Liquor Industry Struggles as Changing Consumer Habits and Economic Pressures Weigh on Sales
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlight Summary:,Changing Consumer Preferences,: Younger generations are shifting away from alcohol, prioritizing health-conscious, low-alcohol options, and non-alcoholic experiences. The proportion of 18-24-year-olds abstaining from alcohol has ri...
ASX Set for a Higher Open After Quiet Wall Street Session
December 27, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,ASX Futures Up 0.2%,The Australian market is poised for a positive start, with ASX futures rising by 19 points (0.2%) to 8,217 following a quiet US trading session. Wall Street saw minimal movement, with the Dow Jones up slightly, while t...
Australian Retail Stocks See Gains Despite Mixed Sentiment
December 16, 2024 01:01 PM AEDT| By Team Kalkine MediaHighlights,JB Hi-Fi and Wesfarmers Lead Gains,: Retailing heavyweights continue to perform well, despite Morningstar labeling them as overvalued.,Liquor Market Worries,: Concerns over softer liquor sales suggest potential structural shifts in consume...
Jefferies Recommends "Hold" on Metcash Amid Challenges in Margins and Market Conditions
December 11, 2024 12:53 PM AEDT| By Team Kalkine MediaHighlights,Jefferies Retains "Hold" Rating:,Despite healthy margins, moderating food inflation and cost pressures pose challenges for Metcash.,Hardware Weakness Observed:,Lower building activity impacts the hardware division due to operating delevera...
JB Hi-Fi Shares Surge 90% in 12 Months, But CEO Sells $500K in Stock: What Does It Mean?
November 13, 2024 01:12 PM AEDT| By Team Kalkine MediaHighlights,Impressive Performance,: JB Hi-Fi has outperformed the ASX 200 index by 72% in the past year, with shares up 90%.,CEO Sells Shares,: CEO Terry Smart sold 6,500 shares for over AU$500,000 on November 11, reducing his indirect holdings.,Stro...
Scentre Group Reports Strong Growth in Customer Visits and Sales, Expands Development Pipeline
November 07, 2024 02:22 PM AEDT| By Team Kalkine MediaHighlights,Scentre Group sees a 2.1% increase in customer visits, reaching 429 million as of 3 November 2024.,Business partner sales grow by 2.3% year-on-year to AU$20.2 billion.,Total annual sales reach a record AU$28.8 billion by September 30, 2024...
Super Retail Group Shares Dip Following Trading Update
October 24, 2024 05:09 PM AEDT| By Team Kalkine MediaHighlights,Super Retail Group reported a 4% rise in sales for the first 16 weeks of FY 2025, with like-for-like sales growth of 2%.,Investors appear cautious due to management's warning about the uncertain outlook for consumer spending amid cost of l...
Harvey Norman Shares Dip After Federal Court Rules in Favor of Corporate Regulator
October 18, 2024 11:58 AM AEDT| By Team Kalkine MediaHighlights,Harvey Norman shares fell 1.3% to AU$4.855 following a Federal Court ruling in favor of Australia’s corporate regulator, ASIC, related to product care rights sold by the company’s franchisees.,The lawsuit, filed in September, involves alle...
ASX Cancels Trades After Namoi Cotton Takeover Confusion
October 03, 2024 11:40 AM AEST| By Team Kalkine MediaHighlights:,ASX Cancels,Namoi,Cotton Trades,:,The Australian Securities Exchange,canceled,approximately one million trades in,Namoi,Cotton Ltd (,ASX:NAM,) after,failing to release,an updated $150 million takeover offer from Louis Dreyfus.,Takeover Ba...
Fletcher Building Secures $534 Million Through Institutional Placement and Retail Offer
September 30, 2024 11:00 AM AEST| By Team Kalkine MediaHighlights:,Capital Raising Achievement:,Fletcher Building Limited (,ASX:FBU,) has raised $NZ587 million (approximately $534 million) through an institutional placement and a retail offer, with the retail offer closing on October 8.,Strengthening Fin...
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