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?
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