date:Aug 21, 2014
an analyst at JPMorgan Chase Co. in Sydney, wrote in a note to clients last month. Australias consumers are showing increasing confidence, he wrote, improving the outlook for the countrys retail industry.
Full-year group Ebit rose 8.3 per cent at the Bunnings hardware chain and climbed 6.4 per cent at the Kmart discount department store. Ebit declined 37 per cent at the mid-range Target chain.