Super Retail Group Expands Market Share in Outdoor by Slashing Prices
At its annual general meeting, no-moat-rated Super Retail Group provided a trading update for the first 16 weeks of fiscal 2019. Like-for-like sales in the auto parts, sporting goods, and outdoor segments, grew by 3.1%, 2.4%, and 3.4%, respectively, reflecting a slowdown across all three segments in the last 10 weeks. In the first six weeks of fiscal 2019, they posted like-for-like sales growth of about 5%, 3%, and 4%, respectively. We maintain our full-year like-for-like sales growth estimates ...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.
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