Adairs Ltd (ASX: ADH) shares are heading lower on Tuesday after the homewares retailer released an important company update.

The Adairs share price is currently down 4.28% to $1.23, extending what has already been a pretty rough year for shareholders.

Its shares have now fallen around 30% in 2026 and more than 50% over the past 12 months.

So, let’s take a closer look at what was announced this morning.

Why are Adairs shares falling?

The big news today is the resignation of group CEO and managing director Elle Roseby.

Roseby has given notice after less than 2 years in the top job, although she won’t be leaving immediately.

She is expected to remain with the company through all or most of her notice period, which runs until March 2027.

The board will now begin searching for a new CEO, with an appointment expected to be announced in due course.

There are also a few other changes happening across the leadership team.

Rachel Taylor will become executive general manager of the Adairs business from 5 October, taking responsibility for its day-to-day operations.

Meanwhile, CFO Matt Edmonds will take on additional responsibilities as group CFO and operations director.

Roseby only joined Adairs as CEO in January 2025, so her departure comes relatively early into her time running the company.

How is the business tracking?

Alongside the CEO news, Adairs also gave investors an update on how its three businesses are performing.

The core Adairs business continues to improve, with year-to-date sales tracking in line with the trend reported alongside its FY26 results.

Mocka is also performing well, with two standalone stores now open and a third expected to open in the third quarter of FY27.

But Focus on Furniture is still struggling.

Written sales were down 27.6% across the first 8 weeks of FY27 compared with the same period last year.

That improved slightly over the following 5 weeks, with sales down 22.7%.

It means Focus on Furniture written sales were down 19.5% across the first 13 weeks of FY27.

Management said the early impact of changes made since its FY26 results has been positive, although trading remains volatile from week to week.

The company is still expecting a difficult first half as it works through the turnaround.

Are Adairs shares looking cheap?

After such a big fall, Adairs shares are starting to look pretty cheap on a few measures.

At $1.23, the stock is now trading more than 50% below where it was this time last year.

The dividend is also worth a look.

Adairs paid 11.5 cents per share in dividends for FY26, which would give the stock a trailing yield of around 9.3% at today’s price.

Of course, whether that level of dividend can continue will depend on how earnings hold up through FY27.

If management can get sales moving back in the right direction, today’s share price could start to look exciting.

But I want to see more evidence that the turnaround is working first.

The post This ASX retail stock is sliding today after a surprise CEO exit appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs. The Motley Fool Australia has positions in and has recommended Adairs. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The cost of living in retirement has increased by more than $2,000 per annum, according to the latest update from the Association of Superannuation Funds of Australia (ASFA).

ASFA has just updated its Retirement Standard budgeting guide to take into account inflation for the June quarter.

ASFA created Australia’s Retirement Standard in 2004, and updates it every quarter to reflect inflation.

The Retirement Standard provides a realistic budget for general living expenses for a comfortable and modest retirement lifestyle. You can find out how ASFA defines comfortable and modest here.

What does retirement cost?

In today’s dollars, a comfortable lifestyle now costs $78,998 per year, up from $75,319 in the June quarter 2025, for couples who own their own homes.

For single homeowners, a comfortable lifestyle now costs $56,166 per year, up from $53,289 in June 2025.

A modest retirement lifestyle now costs $52,690 per year for couple homeowners, up from $49,992 in June 2025.

For single homeowners, a modest retirement now costs $36,548 per year, up from $34,522 in June 2025.

For retired couples who rent their homes, a modest lifestyle now costs $69,375 per year, up from $66,269 in June 2025.

For singles who rent in retirement, their living expenses now total $51,418 per year, up from $49,044 in June 2025.

ASFA says the goods and services that dominate retirees’ costs of living are rising faster than the 3.8% annual inflation rate for the June quarter.

ASFA CEO Mary Delahunty said:

Retirees are among the groups hit hardest by the cost-of-living crisis because their budgets are weighted towards the things going up in price the most.

These costs include electricity, up 22.4%, car maintenance and repairs, up 6.5%, medical and hospital services, up 5%, and insurance, up 4.9%.

What about superannuation?

Delahunty said superannuation represented “the difference between watching every dollar and having a sense of financial security in retirement”.

ASFA says couples need $730,000 in superannuation and singles need $630,000 by age 67 to fund a comfortable retirement lifestyle.

For a modest lifestyle, couples need $120,000 and singles need $110,000 in superannuation savings.

What about the pension?

The age pension is indexed twice per year, in March and September, to keep pace with inflation.

Following the inflation adjustments this month, single pensioners are now receiving an extra $36.80 per fortnight. This raised the full pension payment to $1,237.70 per fortnight.

Couples on the full pension are now receiving an extra $27.80 per partner, per fortnight, or $55.60 combined per fortnight. This raised the full pension to $933 per partner, per fortnight, or $1,866 combined per fortnight.

The pension is means-tested using an assets test and an income test.

Find out how much you can own and earn while still qualifying for the age pension here.

The post Retirement just got more expensive. Here’s what it costs per year appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Transurban Group (ASX: TCL) shares have fallen to a fresh 52-week low on Tuesday.

The toll road operator is trading around $12.91, roughly 17% below its 52-week high of $15.62.

For investors looking for passive income, I think that decline is worth paying attention to.

Why I like Transurban for income

Transurban owns and operates major toll road networks in Australia and North America.

I think the nature of those assets makes the company particularly well suited to income investors. Roads such as CityLink in Melbourne and WestConnex in Sydney provide essential transport infrastructure, while traffic volumes and toll revenue give Transurban a substantial cash flow base.

That allows the company to return a meaningful amount of cash to shareholders.

Transurban paid dividends of 69 cents per share in FY26, and consensus forecasts point to continued growth from here.

According to CommSec, analysts expect dividends of 72 cents in FY27, followed by 73 cents in FY28 and 76 cents in FY29.

At the current share price, the FY27 forecast represents a dividend yield of approximately 5.6%. By FY29, the potential yield rises to almost 5.9% if those forecasts are achieved.

I think that looks attractive for an infrastructure business with the potential to gradually increase its dividends.

But what about rising interest rates?

This is probably the biggest issue I would consider before buying today.

Transurban can behave somewhat like a bond proxy.

Income-focused investors often value infrastructure businesses partly on the dependable dividends they can provide. When interest rates and bond yields rise, safer income investments can become more competitive, which can reduce the price investors are willing to pay for shares like Transurban.

There is also a more direct consideration. Infrastructure businesses typically carry substantial debt because of the enormous cost of building and acquiring assets. Higher interest rates can therefore increase financing costs over time.

That does not make Transurban identical to a bond. Its earnings can still grow as traffic increases, tolls rise, and the company develops its asset base. But I think rising rates help explain why investors may demand a higher yield before buying the shares.

At $12.91, that adjustment is starting to work in my favour.

Is the 52-week low a buying opportunity?

I think so. The lower share price means new investors are now receiving a much stronger potential dividend yield than they would have near the 52-week high.

Importantly, consensus forecasts are also pointing to distributions continuing to rise rather than falling.

There are still reasons to be cautious. Further interest rate increases could keep pressure on infrastructure valuations, while higher financing costs are something I would continue watching.

But I am investing for the passive income Transurban could produce over many years, rather than trying to pick the exact bottom in its share price.

Foolish takeaway

At $12.91, I think Transurban has become attractive for passive income investors.

A forecast FY27 dividend yield of around 5.6% gives me a solid starting return, while the prospect of gradual growth adds to the longer-term case.

Interest rates could keep the shares under pressure for a while yet. For me, though, that is also helping create the price at which I would be happy to start buying.

The post Down 17%, is this top ASX passive income stock a strong buy at its 52-week low? appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in Transurban Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.