4 ASX retail shares that Morgans thinks are a ‘Buy’

February reporting season was a mixed bag for ASX retail shares despite strong half-year results across the board.

Morgans has run the ruler over a number of ASX retail shares, citing the rising Australian dollar, ongoing vaccine roll out and strong household savings as factors that will support retailers. 

Here are four ASX retail shares that received an “Add” rating by Morgans on 3 March. 

The Adairs share price topped out and hit a record all-time high on the day its half-year results were released. The company delivered outstanding growth with a 34.8% increase in sales to $243.0 million while statutory net profit after tax surged 233.4% to $43.9 million. 

Morgans believes that, while retail sales will moderate in a…