** Brokerage Macquarie expresses preference for Australian discretionary retail over telco and household retail sectors, citing stronger macro indicators supporting segment
** Macquarie's top discretionary retail picks are Uniti Group UNI.AX, Breville Group BRG.AX, and Lovisa Holdings LOV.AX due to brand strength and expansion potential
** Says telcos face mixed prospects, with adjustments in internet speeds offering tailwinds offset by price cuts; Macquarie lists Superloop SLC.AX as its preferred pick
** Adds, household retail faces challenges from potential rate hikes, but backs Nick Scali NCK.AX and Breville for strong market share and premium product focus
(Reporting by Roushni Nair in Bengaluru)
((Roushni.nair@thomsonreuters.com))