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Highlights
- Easter weekend is expected to bring a cascading business in the retail sector.
- Australians are likely to spend billions on holidays, food, and chocolate this Easter.
- The motivated consumer spending can be attributed to relaxed pandemic restrictions and people’s swift drive towards normalcy.
With Easter weekend just round the corner, the retail sector is set to experience a cascading business. A recent report by the Australian Retailers Association suggests that more than 4 million Australians would spend around AU$7.1 billion on holidays this Easter, while over AU$1.5 billion will be spent on food and chocolate.
The motivated consumer spending is a result of relaxed pandemic restrictions and swift drive towards normalcy. So, with the observance of the Easter long weekend from 15 April in Australia, it’s time to cheer for a spur in retail business across the country.
Interesting Read: ASX food and beverage stocks with highest 52-week return - GNC, LRK and RIC
With this backdrop, let us look at few ASX-listed stocks that seem to demonstrate good potential.
Endeavour Group Limited (ASX:EDV)
Australian drinks retailer Endeavour Group Limited (ASX:EDV) holds a wide chain of several licensed hospitality venues. The Group progressed well on its sustainability objectives during the first six months of FY22 with strong cash generation and operating cash inflow of AU$932 million.
There was an increase of about 24.8% in online sales following expanded customer offerings as well as COVID-19-led demand in the mentioned period. The Company’s gross profit margin was recorded at 23.7%, a 141-bps surge as compared to the corresponding period of FY21.
You may read: Woolworths (ASX:WOW) invests millions in meat start-up All G Foods
Woolworths Group Limited (ASX:WOW)
Image source: © Nilsversemann | Megapixl.com
Australian retailer Woolworths Group operates in the supermarket sector involving discount department stores, hotels, home improvement and petrol. The company registered continued progress on its strategic agenda in the first half of the ongoing fiscal year ended 2 January 2022.
The Group opened nine new stores and accomplished 27 renewals in Woolworths Supermarkets and Metro Food Stores, taking the tally of its store network to 1,083. Also, it saw an expansion in its Pick-up with 24 new Direct to boot enabled stores. The total number of Direct to boot stores now stands at 653.
You may read: Coles (ASX:COL) grows ‘Wing’ to deliver groceries via drone!
Coles Group Limited (ASX:COL) is a giant player in the food and staples retailing space with over 2,500 stores in Australia. Coles is Australia’s first supermarket to use drones for delivery of over 250 grocery items to its customers across regions.
Recently, Coles partnered with Google-backed start up – Wing for providing easy-to-use drone delivery services to its customers. With this striking advancement, Coles has nailed its goal of “delivery in minutes.”
Interesting read: Aussie travel sector gets funding boost; Hong Kong lifts flight ban
Corporate Travel Management Limited (ASX:CTD)
Image source: Peshkova, Shutterstock
The travel industry was undoubtedly one of the most badly hit sectors due to pandemic-induced restrictions. It’s only after the reopening of borders and relaxations in lockdowns that the travel industry in Australia and abroad is observing an upward trend in its recovery.
Among others, CTD has emerged as a much larger business. The global corporate travel manager offers innovative and cost-effective travel solutions to its clients. The company is estimated to be the 4th largest global corporate travel manager in the world.
In a recent development, CTD secured the Australian Competition and Consumer Commission’s (ACCC) approval for the acquisition of Helloworld Travel Limited's corporate and entertainment travel business across Australia and New Zealand.
