0129 GMT - Sports Direct's expansion into Australia looks like a bigger threat to Super Retail Group than local hardware giant Bunnings' efforts to take a slice of its auto-accessory sales, Jefferies analyst Michael Simotas reckons. Sports Direct's owner has partnered with locally listed Accent Group to roll out the chain Down Under, which Simotas warns could lead to both a sales headwind and margin pressure for Super Retail's Rebel Sport chain could face. Rebel has a dominant 27% share of Australia and New Zealand's fitness and athletic retail market, he adds in a note. Jefferies cuts its target price by 13% to A$13.00 and maintains a hold rating on the stock, which is down 2.6% at A$12.39. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 21:29 ET (01:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。