Insights

3 retail ASX shares to buy right now: experts

The post-pandemic reopening doesn’t mean every retailer will be capable of taking advantage. Here’s a trio that might.
The post 3 retail ASX shares to buy right now: experts appeared first on The Motley Fool Australia. –

As the post-COVID era ramps up, double-vaccinated Australians are getting out and about to spend the money they saved during lockdown.

The most obvious beneficiaries of this are retailers.

But societal trends don’t automatically bring in revenue and profit — a business needs to know what it’s doing to take advantage.

So here are 3 retailer ASX shares that analysts at Wilson Asset Management recently nominated as buys:

Australians are hitting the pavements, so what will they need?

Wilson senior investment analyst Shaun Weick likes the look of Accent Group Ltd (ASX: AX1), which owns recognisable shoe retail brands like Hype DC, The Athlete’s Foot and Skechers.

“We think demand is going to bounce back really strongly,” he told a WAM YouTube video.

“If you have a look at the projections… you’ve got 10% to 15% growth per annum in the footprint.”

The group also has more nascent, emerging brands — such as Stylerunner — that could drive expansion.

“We also think acquisition of Glue provides a lot of potential upside through a turnaround.”

The market has agreed with Weick, with Accent shares pushing up about 27% over the past 2 months.

Billionaire businessman Bretty Blundy is now a shareholder, according to Weick. Blundy has experience in the youth fashion area, having overseen the listing of Universal Store Holdings Ltd (ASX: UNI) last year.

Time to buy some chic ASX shares

Women’s fashion merchant City Chic Collective Ltd (ASX: CCX) is another buy for Weick.

“This business has transformed itself into a global plus-size retailer,” he said.

“If you have a look at what’s happening in the US at the moment, the volumes across the websites are significantly accelerating. And we think that’s a strong lead indicator.” 

City Chic shares have surged by more than 60% for the year so far.

A week ago, they shot up more than 5% within a day after the company gave a positive update.

“The company [has] done a great job in terms of expanding their marketplace strategy recently, rolling out on the likes of Target Corporation (NYSE: TGT), Amazon.com Inc (NASDAQ: AMZN) and Wallmart Inc (NYSE: WMT),” said Weick.

“We think that aspect of the business is underappreciated.”

The traffic is already bad in Sydney

For something different to shoes and clothing, analyst Anna Milne picked petrol retailer Ampol Ltd (ASX: ALD) as a “good buy” right now.

“We think as NSW and Victoria reopen, there’s going to be an increase in retail fuel volumes and jet fuel volumes as we get on planes more.”

Milne’s team also likes the outlook of Ampol’s takeover of Z Energy Ltd (ASX: ZEL).

“Great New Zealand company. It is strategically sound and is mostly debt-funded — so very accretive on earnings and free cash flow basis.” 

Ampol shares have spiked up about 17% over the past couple of months.

The post 3 retail ASX shares to buy right now: experts appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why the Accent (ASX:AX1) share price is sinking 9% today

Analysts name Westpac (ASX:WBC) and this dividend share as buys

Accent Group (ASX:AX1) share price races higher on Reebok deal

Why Afterpay, City Chic, EML, and Nickel Mines shares are pushing higher

Leading fund manager says these blue-chip ASX shares are buys right now

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo owns shares of Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group and Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!