EL&C Baillieu Podcast – Online retailing with 1851 Capital
The retail sector has been key beneficiary of the COVID-19 period in Australia, with record sales growth across many categories and record share prices for online specialists such as Temple & Webster (TPW) and Kogan (KGN).
But how much of the shift to online is temporary? Is the recent performance sustainable, given fiscal stimulus is winding down? And what do recent trends mean for traditional bricks-and-mortar retailers?
Chris Stott, Chief Investment Officer at 1851 Capital, joins the EL&C Baillieu podcast to discuss the outlook for the retail sector, including:
- How the pandemic has accelerated the migration to online retailing by three to four years;
- Why the outlook remains positive for retailers given reduced household debt and lower-for-longer interest rates;
- Why valuations are starting to look elevated for Temple & Webster and Kogan; and
- Key stock picks in the consumer sector, including Shaver Shop (SSG) and ARB Group (ARB).
Tune in to hear Chris explain why Australian consumers are in good shape, despite the many challenges of the COVID-19 pandemic.
Duration: 37 minutes
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