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How will ASX retail shares fare when JobKeeper winds down?

Sumary of How will ASX retail shares fare when JobKeeper winds down?:

  • Although the program is catching some flak for seeing some of its funds supporting higher company profits (and boosting some executive paycheques), it helped as many as 1.5 million Aussies hold onto their employment…
  • In so doing, it also put a lot of extra money into consumer pockets – extra money which offered a nice tailwind to many ASX retail shares…
  • With JobKeeper slated to end in less than 2 weeks, Reject Shop CEO Andre Reich says he already seen a change in customer spending habits…
  • The Reject Shop may fare better than some higher-end ASX retail shares, with its selection of bargain-priced items…
  • The company is also planning to continue its new and successful push into online retailing, which it only launched after the pandemic outbreak….

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