Two ASX 200 retail shares tipped as Federal budget winners
Bernd Struben | May 17, 2021 2:44pm |
More on: Image source: Getty Images
S&P/ASX 200 Index (ASX: XJO) retail shares stand to be among the big beneficiaries of the new Federal budget, according to one fund manager.
The budget, unveiled last week, is widely seen as offering something to almost everyone… except for Australia’s future taxpayers.
Indeed, the government is opening the spending taps wide. So wide, that AMP Capital’s chief economist, Shane Oliver, estimates total government spending (spent and projected) since the early days of the COVID-19 outbreak has now hit around $350 billion. (More budget coverage here.)
Asia Pacific Gift Card and Incentive Card Market Report 2021: Spend Analysis by Digital/e-Gift Card, Retail and Corporate Consumers, Top Retailers, Distribution Channel, Occasions and Demographics
April 29, 2021 04:03 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The gift card market in Asia Pacific has witnessed significant growth in the past few years. The gift card industry has performed well, taking away market share from traditional gifting sector. The overall gift industry has been impacted by the COVID-19 pandemic.
The gift card market is expected to grow backed by increase in digitization as well as surge in online shopping. The E-commerce market in the region has recorded significant growth in the recent years due to better Internet connectivity and penetration across the region. The surge in internet penetration has led to digitization. This trend has accele