Australia's ARB falls after Citi flags competition woes on Super Retail expansion
11/06/2026 04:47
BUZZ-Australia's ARB falls after Citi flags competition woes on Super Retail expansion ** Shares of auto parts provider ARB Corp ARB.AX falls as much as 4.4% to A$18.02, their biggest intraday pct loss since April 20
** Peer Super Retail GroupSUL.AX set plans to increase store portfolio from 790 to over 900 by 2031
** Citi sees competition increasing for ARB due to expansion of Supercheap Auto’s product range
** Shares hit lowest level since June 4
** YTD, ARB down 42%
(Reporting by Nichiket Sunil in Bengaluru)
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