Business
Fundie tips this ASX 200 retail share to prosper in 2021
S&P/ASX 200 Index (ASX: XJO) retail shares have been enjoying some strong tailwinds from cashed-up consumers.
In 2020, Australian households saved $187 billion. That’s more than Aussie households managed to sock away in 2017, 2018, and 2019…combined.
The combination of cashed-up consumers with pent-up demand after enduring months of social distancing and lockdowns is good news for ASX 200 retail shares. Especially with consumer spending comprising some 65% of the Australian economy.
While that’s good for all types of ASX retail shares, discretionary retail shares (those selling items we don’t necessarily need but want to own anyhow) are tipped to outperform.
So which ASX 200 retail shares stand out?
Dermot Ryan is a…
-
Noosa News16 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
General24 hours agoWotjobaluk Nations Festival marks landmark native title recognition
-
Business20 hours agoGold junior’s shares jump more than 50% on “exceptional” drilling results
-
Business19 hours agoWhy are ASX 200 tech stocks like Xero shares taking a beating on Monday?