Australia's Super Retail slumps as employees seek damages

SUPER RETAIL

26/04/2024 01:55

** Shares of Super Retail Group Ltd  SUL.AX  fall as much as
8.3% to A$13.650, their biggest loss since Feb 21, if current
trend holds  
    ** The retailer says it expects employees to jointly claim
loss and damage in range of A$30 million to A$50 million ($19.57
million to $32.61 million)
    ** Expects two employees, represented by harmers workplace
lawyers, will shortly commence court proceedings against Group
    ** Adds a review and investigations concluded that none of
allegations against Group are substantiated
    ** As of last close, the stock has fallen 5.64% this year



($1 = 1.5333 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))