Business
What recession? These ASX retail shares are raking it in – Motley Fool Australia
This is a recession like no other – lockdowns may be shrinking the economy, but some ASX retail shares are reaping the benefits
Australia is officially in recession, with the economy shrinking 0.3% in the March quarter. But this is a recession like no other – coronavirus lockdowns and travel restrictions may be shrinking the economy, but they are also redirecting spending.
Consumers unable to enjoy holidays and travel are shifting their spending to the home, resulting in booming sales for some. Here are three ASX retail shares raking it in regardless of recession.
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