hi there holly this side and you're watching the buzzing trends on kalkine tv
today we're going to look at five asx listed retail stocks ahead of the black friday sale
for the unacquainted black friday is a golden ticket to the hottest bargains and just around
the corner the shopping frenzy among customers has already kicked in the buying extravaganza
when mammoth discounts are offered from fashion to electronics globally can be a great start to
begin the christmas preparation and maybe purchase some gifts for the festive season
black friday might just prove significant in reflecting consumer sentiment
while the effect of strong sales is often evident in retailers stock prices
many are expecting this year's black friday sales to kick off much sooner than the 26th of november
amidst the supply crisis threat so investors will be engaging the profitability of the
shopping season with retail stocks on their radar so that said let's have a look at some asx listed
retail stocks ahead of black friday starting with harvey norman the aussie multinational
retailer of a wide range of products from electronics to furniture so it's profit before
tax for the year ending june 30 up by around 79 percent over at the prior corresponding period
meanwhile it's a bit dark for the financial 21 edged up by over 54 percent the aussie franchising
operations sector delivered a record profit which is up by 80 from the previous year and while the
sales in australia impacted by rolling lockdowns in several states and territories in july and
august of 2021 the company continued its operation of contactless click and collect and home delivery
and onto the next stock retail giant jb hi-fi australia's largest home entertainment retailer
jb hifi continued to see improved custom demand and a solid sales growth over a two-year period
in the first quarter of financial year 22. this comes despite the disruption of sales because of
the various state-based covered 19 restrictions moreover the re-opening of stores in new south
wales mid-october has further benefited the sales momentum now before we look at some
more stocks like lavisa satire and nick skye's recent performances it's time for a short break
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welcome back holly this side and you're watching the buzzing trends
we're exploring asx listed retail stocks ahead of black friday sales and the next stock to
watch is la visa the aussie fast fashion jewelry and women's accessories company
the visa saw solid sales performances across most markets since the end of the first quarter
financial year 2021. the company indicated that the first quarter of the financier was heavily
impacted by temporary store closures in australia as well as weaknesses in most global markets
however the sales have picked up since the first quarter with revenue for the year increasing
by around 19 while ebit increased over 39 percent libby is also recently announced the appointment
of victor herrero as its global ceo succeeding shane fosheer who led the company for 12 years
and the next retail stock to look at is satire the global online retailer of personal luxury goods
the company delivered exceptional growth during 2021 significantly
outperforming its respective forecasts and upgraded guidance for the financial year
in 2021 satire achieved gross revenue up by 33 percent while its active customer base jumped 285
the performance has been driven by the company's several enhancements to its customer proposition
including expanding its addressable market through entry into the children's wear segment
and embedding free returns satire also recently launched its proprietary e-commerce storefront as
well and the last retail stocked eye is nick scarley the furniture retailer the company
has a total store network of approximately 61 stores across australia and new zealand
and it recently completed an acquisition of 100 of plush think sofas a leading a specialist sofa
retailer with 46 showrooms across the country nick scully's position is bolstered with the
acquisition with a combined group representing 108 of showrooms across australia and new zealand
now 2021 revenue ended up 42 from the previous year while it's ebitda and impact we're above
guidance as well well that's all for now on the buzzing trends but keep watching kalkine tv
because we have many more market updates coming your way holly shields signing off