Even although the Reserve Bank of Australia has delivered 10 consecutive rate of interest hikes, there are indicators the retail sector continues to be robust.
Premier Investments on Monday was introduced as of Australia’s best-performing retailers by posting a file half-year revenue and a particular dividend.
The firm owns manufacturers together with Smiggle, Peter Alexander, Just Jeans, Portmans, and Dotti.
It has 1100 shops in six nations.
“It’s pay day for shareholders of Premier Investments, who were awarded a divided after record sales,” Sarah Hughan says in Monday’s episode.
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“Shareholders were given a chunky 70c fully franked dividend.
“Clearly people are still spending, even though rates have been trending higher.”
Chairman Solomon Lew stated the corporate had “executed strongly to support the delivery of record results in an uncertain economic environment”.
Also on Trading Up, ANZ points a warning a couple of “potential for crisis” and Dayne Brajkovich clothes up for courtroom within the wake of the Perth Mint scandal.
Source: www.perthnow.com.au
