Business
3 ASX retail shares thriving in COVID-19 economic conditions – Motley Fool Australia
Despite tough market conditions, these 3 ASX retail shares have seen their profits soar during the COVID-19 pandemic. Here’s why…
The COVID-19 pandemic has been disastrous for the retail sector. ASX retail shares have taken a hit, the global economic outlook is gloomy, and consumer sentiment is down.
And although restrictions have eased across most of Australia, metropolitan Melbourne is still under a harsh lockdown of unknown duration. Consumers hate uncertainty, and in times of crisis are much more likely to save their money than spend it.
This is reflected in the price of many traditional ASX retail shares. Department…
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