Jarden prefers Temple & Webster, Nick Scali among Aussie furniture retailers

Adairs

31/01/2025 04:12

** Analysts at Jarden positive on Australia's Temple &
Webster  TPW.AX  and Nick Scali  NCK.AX  among Australian home
and furniture retailers going into the Feb reporting season
    ** Prefers TPW and NCK over peer Adairs  ADH.AX  given the
other two's relative long-term opportunities
    ** TPW and NCK stock up 1.4% and 0.7%, respectively, while
ADH drops 1.1%
    ** Brokerage says trading during the Black Friday and Cyber
Monday week was very strong coupled with robust performance from
Boxing day into January
    ** Says online activity for furniture and home ware
retailing also continues to outperform
    ** Excess China supply continues to put pressure on other
regional suppliers to keep prices low - Jarden
    ** Flags that weakness in the Australian dollar is the focus
now with market aware of freight headwinds 
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))