In the last year, retail stores have had a pretty good run with demand picking up from the depth of the Coronavirus pandemic. Retailers that are listed on the stock market have a strong run on the stock market as well with retailers being one of the top performers for investors over the past year.
The coming months will be interesting for investors as the retail industry goes back to the same levels as prior to the pandemic.
Some big performers in the past year have been the major electronic retailers that have an online presence. One of the biggest increases comes from giant Premier Investments who recently reported an increase in net profit for the half of nearly 90%.
Kogan continues it’s strong growth with their share price growing 75%. Shares in other bricks and mortar retailers such as Harvey Norman and JB Hifi have increased by a healthy 25%.
Telstra has also done well with NBN takeup and retail sales. Use a Telstra promo code to save on your purchase.
Other homewares and home improvement stores such as Bunnings and Nick Scali have already increased in value to the order of 10%.
Retailers have benefited from Aussies unable to travel and cashed up looking to spend their money. This money is being spent on retailers and with all this spending happening now, retailers may experience a significant drop when borders open again.