2232 GMT - Wesfarmers's push to stock more auto products in its Bunnings home-improvement stores poses a modest threat to Super Retail Group, which owns the Supercheap Auto retail network, Jefferies says. It estimates Wesfarmers's expansion into the auto category increases Bunnings's total addressable market by some A$1.5 billion. Bunnings will sell more than 300 new products in at least 300 stores in 2025. Still, analyst Michael Simotas says the range at Bunnings is vastly inferior to specialists, noting it sells oil but no filters, and key brands such as Castrol and Penrite aren't available. That suggests Bunnings is targeting a different customer to Supercheap Auto. "However, if key brands are eventually attracted, threat would escalate," Jefferies says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 27, 2025 18:32 ET (22:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。