JSE retailers – where is the value?
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Comments (10)
Jane Crankshaw
27 Jun 2022Great article – thank you x
Mieke de Swardt
27 Jun 2022Great Article! It provides perspective of Retail industry!
Shungu Dutiro
27 Jun 2022Phenomenal overview and analysis of the sector!
John Staples
27 Jun 2022Indeed a very detailed analysis looking and trade P/E, returns, economic and population and customer support and much more. Well done Chris
Peter
27 Jun 2022Hi Chris,
Thank you for an interesting article. My question is, how does Woolies stack up in this picture?
Chris Gilmour
27 Jun 2022Hi Peter. I shall discuss Woolies next week in the context of discretionary retailers. As you know, Woolies is a hybrid food & clothing retailer. Its food is very expensive but also incredibly high quality. While Checkers is doing a great job of taking Woolies on at its own game, it would have to admit that it will take years before it is the same league as Woolies when it comes to cold chain. Woolies Foods operating profit margin is not too dissimilar to Shoprite’s, so it’s not as if it is making extraordinary profits. In my honest opinion, Woolies Foods is the only decent part of the entire Woolies group. The clothing side is very ordinary and Australia has been a disaster, with massive destruction of shareholder value from the David Jones debacle.
Mark Lamberti
28 Jun 2022Nice article Chris except for a small error. I stood down as CEO of Massmart in 2007. Regards, M
Ricci Lee
28 Jun 2022Great article, well articulated, thank you.
Ike Cassim
30 Jun 2022Hi Chris,
Really learning a lot from your excellent commentary and analysis. Are you planning something similar on the clothing retailers like TFG, Mr Price, Edgars and others. This will be very interesting.
regards
The Finance Ghost
30 Jun 2022Hi Ike – I can jump in here for Chris. He is planning to bring an article on the non-discretionary retailers to us next week, so look out for that on Monday!