A WEE DRAM
CHRIS GILMOUR: JSE retail sector: the good, bad and the ugly economy
Two analysts paint a grim picture of the ailing sector
Against a backdrop of poor economic growth, unlikely to change soon, the outlook for consumer spending and JSE-listed retailers is not inspiring. This was the view voiced at a JSE retail-sector masterclass hosted by the Investment Analysts Society of SA. Panel members were retail analysts Syd Vianello and yours truly.
In a reflection of his decades as a retail analyst, Vianello highlighted some dramatic changes he has seen, being consumer choice in the furniture market, the credit-granting profile of the industry as well as the diminished power of the retailer to insist on getting generous purchasing terms. ..