ASX:SUL

Market Chatter: ARB To See More Competition from Super Retail's Supercheap Auto Strategy, Citi Says

ARB (ASX:ARB) will see intensifying competition after Super Retail Group (ASX:SUL) declared a new strategy to expand the Supercheap Auto business's product range and fit-out capabilities, Citi said, according to the Australian Financial Review (AFR) on Thursday.Competition will rise for ARB after both BCF and Supercheap Auto announced expansion plans into the four-wheel drive category, with a focus on fitment, Citi analyst Sam Teeger said.Super Retail's five-year strategy is centred on store network expansion and category growth and is expected to deliver around AU$75 million per year in savings by 2028 to 2029. Supercheap has 362 stores while ARB has 79 stores.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Super Retail Group's Five-Year Strategy Focused on Store Network Expansion, Category Growth

Super Retail Group's (ASX:SUL) new five-year strategy is focused on store network expansion and category growth, according to Citi analyst Adrian Lemme, the Australian Financial Review reported Thursday.The retailer is increasing its store target to more than 900 by 2031, above consensus expectations of 842, from 790.Lemme said growth drivers would include Supercheap Auto's range expansion and fit-out capabilities, Rebel's regional store rollout and private label push to around 20%, BCF's superstore expansion and 4WD fitment, and Macpac's ongoing investment in network and brand development, per the report.While Super Retail Group's "Ignite" cost program is expected to deliver about AU$75 million a year in savings by fiscal 2029, it will incur implementation costs of roughly AU$30 million a year in the next three years, with total annual capital expenditure set at about AU$150 million.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Super Retail Group Outlines Five-Year Growth Plan Across Core Brands

Super Retail Group (ASX:SUL) outlined a new five-year strategy to accelerate expansion across its auto, sport, and outdoor retail divisions as it looks to capture a greater share of a AU$65 billion addressable market, according to a Thursday filing with the Australian bourse.The plan aims to grow Supercheap Auto, rebel, BCF, and Macpac by extending product ranges, introducing new store formats, and expanding into regional markets while also pursuing adjacent opportunities such as electric vehicle-related products and four-wheel drive fitment services, per the filing.The network is expected to grow to more than 900 locations from 790 by 2031, driven by rising online penetration and strengthened omnichannel features such as click-and-collect, the filing said.The strategy centers on the "Ignite" transformation program, a five-pillar initiative to modernize systems, accelerate innovation, and boost operational efficiency.The program will be funded within existing capital expenditure guidance, with AU$30 million in annual costs over three years, and is expected to deliver around AU$75 million in annual savings by fiscal 2029 to support reinvestment into growth initiatives, the filing added.

Super Retail Group Shares Marginally Higher After Rebel Sport Identified as Party in Federal Court Proceedings

Super Retail Group (ASX:SUL) shares were marginally higher in recent Friday trade after the company on Thursday acknowledged a media report that identified its Rebel Sport unit as a party to Australian Federal Court proceedings concerning an underpayments matter.The company said it is yet to receive a copy of the claim.

Jarden Adjusts Super Retail Group's Price Target to AU$14.90 from AU$15.20, Keeps at Overweight

Super Retail Shares Fall 3% After Group Like-for-Like Sales Grow in Fiscal H2 To-Date

Super Retail Group's (ASX:SUL) shares fell 3% in recent trading on Thursday after it said in a filing late on Wednesday that group like-for-like sales grew 0.4% in the fiscal second half to date.Total sales growth over the period was 1.9%. Group gross margin in the second half to-date is "modestly" below the prior comparable period.Sales momentum across all four Super Retail brands was adversely impacted by the Middle East conflict, the filing said.Total group and unallocated costs in the fiscal year are expected to reach AU$66 million, up from the previous forecast of AU$60 million, which includes the early commencement of projects previously targeted for fiscal year 2027.

Super Retail Group Appoints CFO

Super Retail Group (ASX:SUL) appointed Sarah Hunter as chief financial officer, effective June 1, according to a Thursday filing with the Australian bourse.Hunter will succeed David Burns, who will remain CFO until Aug. 28 before retiring in November, per the filing.Hunter most recently served as the managing director of Officeworks, the filing added.