Australia's Super Retail jumps on planned store expansion
BUZZ-Australia's Super Retail jumps on planned store expansion ** Shares of Super Retail Group SUL.AX rise as much as 2.9% to A$12.62, their highest level since April 21
** Co sets five-year strategy, plans to increase store portfolio from 790 to over 900 by 2031
** With transformation program, co expects to generate cost savings of A$75 million per annum by FY29
** YTD, shares down 22.5%
(Reporting by Nichiket Sunil in Bengaluru)
Recent news on Super Retail
See all newsCiti cuts earnings forecast, PT for Australia's Super Retail on rising costs
Australia's Accent Group rises after Citi says not concerned about rival's expansion
Australia's ARB falls after Citi flags competition woes on Super Retail expansion
Australia's Super Retail jumps on planned store expansion
Australia's Super Retail logs sixth week of losses as M.East war dents sales