The Group is well placed to deliver growth in FY2018 due to the following key growth drivers:
– Retail sales growth from moderate like-for-like sales growth from Q2 onwards;
– The roll out of 10–12 new stores including David Jones concessions, the annualisation of stores opened in FY2017 and the ongoing targeted store refurbishment program;
– The launch of a new future store concept for Review;
– Continued investment and focus on growing online sales and loyalty programs through own channels and marketplace opportunities (Amazon and Alibaba);
– Continued growth in the Sports Division in Designworks; and
– Growth from JETS online, retail and international wholesale.
The Group remains cautious about the year ahead given the ongoing conservatism of consumer confidence in the market.
PGR Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
