Morningstar | Our Positive Outlook on Auto Parts and Outdoor Is Offset by Weaker Performance in Sporting Goods.
Amazon is poised to shake up the Australian retail landscape in most categories, and Super Retail is not immune. Although the firm leads its respective markets in Australia, we believe formidable competition from existing and new players will lead to price cuts to maintain market share, resulting in declining profitability.The large store networks facilitate click-and-collect distribution, and increasing private-label sales are a competitive advantage, but not enough to sustainably generate returns above the group’s cost of capital. Despite these headwinds, we estimate segment revenue to grow in line with the respective markets.Super Retail Group's main activities are result in the following business segments: Auto, which include retailing of auto parts and accessories, tools and equipment; Leisure, which include retailing of boating, camping, outdoor equipment, fishing equipment and apparel; and Sports, which include retailing of sporting equipment, bicycles, bicycles accessories and apparel. Co.'s principal brands include Amart Sports for sports products such as equipment, apparel and associated accessories; BCF for an outdoor retailer; Rays for an outdoor entertainment and camping leisure retailer; Rebel for sporting and goods such as fitness equipment; and Supercheap Auto for automotive parts and accessories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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