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SUL Super Retail News Story

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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)

((Nichiket.Sunil@thomsonreuters.com))

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