ASC, BOO, OCDO: Retail stocks to watch as retail sales rises

Demand for summer clothing, beauty product and UK holidays, etc. witnessed a climbed last month during the hot weather. Still, intensifying inflation is masking a much more significant drop in volumes, according to new figures.

According to figures from the British Retail Consortium (BRC)-KPMG Retail Sales Monitor, the UK retail sales have witnessed a 2.3% rise last month compared with a 6.4% rise the year before. The BRC-KPMG report revealed that the sales growth was primarily driven by inflation last month as retailers significantly increased their prices.

With the UK inflation touching decades high of 9.4% in June, with the Bank of England is now predicting the inflation levels to cross 13% in October due to further increase in energy price cap.

Amidst the intensifying inflation, Kalkine Media® explores three retail stocks that you may keep an eye on.

Asos Plc (LON: ASC) 

On Tuesday, the British online fashion and cosmetic retailer Asos Plc's shares were trading down by 0.29% at 8:05 AM (GMT+1) at GBX 1,041.00. With a P/E ratio of 32.41 and an EPS of 1.26, the firm's market cap currently stood at £1,043.38 million. The one-year and YTD returns offered by this FTSE 250 listed firm hasn’t been great as it down by -74.08% and -56.45%, respectively.

Boohoo Group Plc (LON: BOO) 

Another leading online fashion retailer group, Boohoo Group Plc's shares on Tuesday were trading up by 1.87% at 8:05 AM (GMT+1) at GBX 64.30. With an EPS of 0.07, the firm's market cap currently stood at £800.26 million. The FTSE AIM 100 Index BOO hasn't performed well as it has offered its shareholders negative returns over the past year and on a YTD basis with returns of returns -76.12% and -48.77%, respectively.

Ocado Group Plc (LON: OCDO) 

A technology-led global software and robotics platform business, Ocado Group Plc's shares on Tuesday were trading down by 2.70% at 8:05 AM (GMT+1) at GBX 63.12. With an EPS of 0.07, the firm's market cap currently stood at £800.26 million. OCADO’s performance over the past one year and on YTD basis hasn’t been great as it was in the negative territory with returns of -76.12% and -48.77%, respectively.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.