Harvey Norman and JB HiFi doing well
Harvey Norman and JB Hi-Fi are both in a similar position as households continue to re-direct their spending to home improvement and projects.
Gerry Harvey, Harvey Norman’s chairman, said on Thursday that he was feeling better after being diagnosed with COVID-19 over the weekend.
Despite his illness, Mr Harvey said he expected consumers to remain resilient in their spending on home improvement projects.
According to analysts, Harvey Norman should benefit from the increasing number of households spending at home as they give up on international travel.
People are still looking for kitchen appliances and televisions to upgrade despite the uptick in COVID-19 cases.
Citi‘s James Wang and Adrian Lemme believe Harvey Norman shares could reach $6 within the next couple of years due to the company’s strong balance sheet and potential for capital management.
The company’s sales growth is expected to remain positive despite the uptick in COVID-19 cases.
The analysts noted that the recovery in the retail cycle is expected to last for a long time due to the strong housing market and low international travel prices.
Citi’s analysts said that Harvey Norman’s net debt position has increased due to the company’s increased inventory levels during the Christmas season.
Due to the strong housing market and the increasing number of households spending on home improvement projects, demand for kitchen appliances and furniture has remained high.
In its interim results, JB Hi-Fi revealed that its profit margins remained robust despite the extended lockdowns.
The company’s chief executive Terry Smart said that consumers were buying smaller kitchen appliances and newer models of televisions.
The shift in spending from outdoor activities to protect oneself has also benefited the hardware chain’s sales.
Bryan Raymond of JP Morgan said that despite the subdued environment, Bunnings’ sales growth is expected to improve in the June half.
Macquarie’s analysts said this week that the big retailers were in a better position to withstand the fallout from the global supply chain disruptions.
Competition for these two major retailers are coming in the form of online retailers such as Catch who have a big range of products that compete with these retailers. When you shop at Catch of The Day you can get a huge discount with a Catch coupon.
Harvey Norman and JB Hi-Fi are both in a similar position as households continue to re-direct their spending to home improvement and projects.
Gerry Harvey, Harvey Norman’s chairman, said on Thursday that he was feeling better after being diagnosed with COVID-19 over the weekend.
Despite his illness, Mr Harvey said he expected consumers to remain resilient in their spending on home improvement projects.
According to analysts, Harvey Norman should benefit from the increasing number of households spending at home as they give up on international travel.
People are still looking for kitchen appliances and televisions to upgrade despite the uptick in COVID-19 cases.
Citi‘s James Wang and Adrian Lemme believe Harvey Norman shares could reach $6 within the next couple of years due to the company’s strong balance sheet and potential for capital management.
The company’s sales growth is expected to remain positive despite the uptick in COVID-19 cases.
The analysts noted that the recovery in the retail cycle is expected to last for a long time due to the strong housing market and low international travel prices.
Citi’s analysts said that Harvey Norman’s net debt position has increased due to the company’s increased inventory levels during the Christmas season.
Due to the strong housing market and the increasing number of households spending on home improvement projects, demand for kitchen appliances and furniture has remained high.
In its interim results, JB Hi-Fi revealed that its profit margins remained robust despite the extended lockdowns.
The company’s chief executive Terry Smart said that consumers were buying smaller kitchen appliances and newer models of televisions.
The shift in spending from outdoor activities to protect oneself has also benefited the hardware chain’s sales.
Bryan Raymond of JP Morgan said that despite the subdued environment, Bunnings’ sales growth is expected to improve in the June half.
Macquarie’s analysts said this week that the big retailers were in a better position to withstand the fallout from the global supply chain disruptions.
Competition for these two major retailers are coming in the form of online retailers such as Catch who have a big range of products that compete with these retailers. When you shop at Catch of The Day you can get a huge discount with a Catch coupon.