{
Wesfarmers Limited

Companies

}

retail sector poised for growth ahead of black friday and cyber monday

Retail sales in Australia are projected to surge by $69.7 billion leading up to Christmas, with $6.7 billion expected to be spent during Black Friday and Cyber Monday, marking a 5.5% increase from last year. Consumer sentiment is on the rise, encouraging retailers to enhance their offerings as competition intensifies. Despite some caution in the discretionary sector, companies like JB Hi-Fi and Harvey Norman are positioned to benefit from increased sales, particularly in trending products like robot vacuums.
IG
Harvey Norman Holdings Limited Super Retail Group Limited Premier Investments Limited Wesfarmers Limited JB Hi-Fi Limited AUS CHN Juliette Saly James Wang Paul Zahra Jason Ireland Show more
TradFi, Market Report
00:25 20.11.2024
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