Woolies, Breville stay toasty
Reports of the death of retailers and consumers may have been exaggerated, judging by the share price performances of supermarket chain Woolworths and toasters-cum-coffeemaker company Breville Group.
Woolies’ shares have been on the rise since early February, shortly after it announced it was pulling the plug on its electronics chain Dick Smith, and at yesterday’s $26.60 close are now almost 10 per cent higher.
Retail rival Dick Goyder’s Wesfarmers must be wishing that the market was giving its Coles, Target, Bunnings and Kmart businesses the same sort of rating. Wesfarmers’ shares at $29.69 are less than a handful of cents higher than they were back in February. Sydney Morning Herald – Read more…