Consumer Discretionary

Several negative factors made an impact in the second half and Flight Centre downgrades FY15 expectations. Brokers are most concerned about loss of market share.

Ukraine crops; REA Group vs Domain; WA miners counting costs; home builders buoyant; views on Nib Holdings, Yowie Group; outlook for shopping centres.

Pet services industry specialist Greencross is enjoying strong industry growth, but is the company pushing too hard?

Changes to housing lending; issues for Oz banks in NZ; Upside for A-REIT values; disparities in like-for-like retail sales; Bell Potter initiates on Donaco.

Super Retail is managing its headwinds reasonably well but brokers highlight the challenges in restructuring the businesses.

Kerryn McHardy of Traders Circle explains the technical significance of an ascending channel pattern in the case of Flight Centre.

Implications from Oz housing boom; gaming in Hong Kong/Macau; accounting changes in retail; Nine & Southern Cross; weak outlook for fertilisers; QCLNG a benchmark.

March quarter sales were strong across Wesfarmers’ main retail divisions but brokers highlight the challenges of keeping all the balls in the air.

Surfstitch has upgraded estimates for FY15, with substantial synergies emanating from the consolidation of European operations.

Jewellery retailer Lovisa Holdings has attracted further Buy ratings from brokers due to its proven, fast-growth business model.