Festive joy for Myer, JB Hi-Fi

Original article by Jessica Gardner
The Australian Financial Review – Page: 14 : 6-Jan-17

Australian retailers recorded solid sales during Christmas. Citi analysts have found that department store Myer and electronics retailer JB Hi-Fi performed particularly well. Wesfarmers’ Target and Harvey Norman used discounting to entice shoppers to their stores. In their 2016-17 profit estimates, Citi analysts are optimistic about Myer and pessimistic about OrotonGroup and Specialty Fashion.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, TARGET AUSTRALIA PTY LTD, GOOD GUYS, CITI AUSTRALIA PTY LTD, OROTONGROUP LIMITED – ASX ORL, SPECIALTY FASHION GROUP LIMITED – ASX SFH, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES

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