0054 GMT - Jarden is upbeat about Australian retail in the aftermath of last month's federal election. It identifies several tailwinds for consumers that will likely drive more discretionary spending. They include the ongoing increase in household deposits and strong home prices outside of Victoria state. Stronger activity in the housing market is a positive for stocks such as Temple & Webster and Beacon Lighting, analyst Ben Gilbert says. "We remain positive on the retail sector and expect spending to re-accelerate into June and FY 2026 with Harvey Norman, JB Hi-Fi and Super Retail some of the best positioned to benefit," Jarden says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 02, 2025 20:54 ET (00:54 GMT)
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