Despite the damp outlook on the retail sector in the short and long-term, there are 2 ASX retail shares on my radar in 2020. I think there is still growth to be found in the sector, even with rental overheads, a drop in consumer confidence and the surge in online retail sapping market share.

Here are 2 ASX retail shares that are on my radar for 2020 and beyond.

Reject Shop Ltd (ASX: TRS)

The first ASX retail share I am eyeing is the Reject Shop. With domestic economic conditions deteriorating in the near term due to the coronavirus pandemic, there could be a drastic surge in demand for budget retailers like the Reject Shop. The Reject Shop is strongly positioned in Australia’s ‘dollar shop’ industry, making the company well-poised for growth in 2020 and beyond.

Recent research from noted broker Morgan Stanley has cited the profitability of the budget retail niche in other global markets. According to analysts, the Reject Shop could see exponential growth in sales and revenue under new management and a simplified strategy.

The Reject Shop share price has bolted more than 160% from its low in late-March, hitting a new 52-week high in July. In addition, the Reject Shop was added to the All Ordinaries Index (ASX: XAO) in the June rebalance, improving the company’s investment credentials.

Super Retail Group Ltd (ASX: SUL)

The other ASX retail share on my radar is Super Retail which owns prominent national brands including Supercheap Auto, BCF and Rebel Sport. The company made headlines recently after upgrading its earnings for FY2020, which saw the Super Retail share price surge.

In a market update released in late July, Super Retail informed investors that the company had seen a surge in trading momentum for June, with monthly like-for-like sales of 27.7% compared to the prior corresponding period. The positive trading momentum follows a 26.5% increase in like-for-like sales in May, following a 26.2% decline in monthly sales in April.

Super Retail is on my radar because I believe the company is set to benefit from a range of changing consumer behaviours. During the coronavirus lockdowns, consumers have shown fresh interest in home fitness equipment. As elite and community sports resume, the group’s Rebel Sport outlets could see renewed demand.

In addition, with overseas holidays and interstate-travel restricted, local recreational activities like boating, camping and fishing pursuits could see renewed interest from holidaymakers. The shift to online and digital commerce could also benefit Super Retail as the company looks to improve its click-and-collect services.  Super Retail recently completed a $203 million equity raising to fuel its strategy and growth initiatives. The fresh capital is intended to finance the company’s omni-channel business strategy.

Should you invest?

Given the volatile and distressed state of the retail sector, it may pay to hold off buying either the Reject Shop or Super Retail at today’s share price. I think a more sensible strategy would be to wait for both companies to report their full-year results before making your investment decision. The Reject Shop is set to report its annual results on 20 August, and Super Retail is scheduled for 13 August.

More reading

• Here’s the best mid-cap growth share to buy on the ASX
• ASX 200 Weekly Wrap: Surging commodity prices snap ASX 200’s losing streak
• Why the Senex Energy share price climbed 17% in July
• The Galaxy Resources share price surged 41% in July. Here’s why.
• Why the Pinnacle Investment share price has rocketed 40% since 1 July

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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I think the best way to invest into ASX shares is to buy and hold them for the long-term. Hopefully for a decade or more.

But you shouldn’t invest in shares for the long-term just for the sake of it. I think it only makes sense to go for long-term shares that could produce very good results for a long time.

ASX blue chips may do okay, but I believe that smaller shares are the way to go:

City Chic Collective Ltd (ASX: CCX)

City Chic is an ASX retailer. It sells plus-size women’s clothing, footwear and accessories. It also has websites for different brands in the US like Avenue and Hips & Curves as well as its own brands. Plus, the company has marketplace and wholesale partnerships with US retailers like Macys and Nordstrom. It also has a wholesale business with European and UK partners like ASOS and Zalando.

The ASX share continues to report impressive growth. In FY20 it delivered sales of $194.5 million, which represented 31% total sales growth. It managed to achieve comparable sales growth of 0.4% in FY20 despite the store closures. Excluding the closed period, comparable store sales growth was 6.4%.

City Chic announced that it generated $26.5 million of underlying earnings before interest, tax, depreciation and amortisation (EBITDA). I think that’s a solid number considering how much it invested for growth.

The company is cleverly acquiring competitors in the US that have run into financial difficulty. They will be reopened as online-only offerings, which offers plenty of operating and cost benefits.

At the current City Chic share price it’s trading at 23x FY22’s estimated earnings.

Bubs Australia Ltd (ASX: BUB)

Bubs is a fast-growing infant formula business which specialises in goat milk products. It has made enormous progress over the past four years and I think it could be on track for a strong decade with the amount of growth that it’s displaying.

In FY20 Bubs announced that gross revenue grew by 32% to $62 million. Its fourth quarter infant formula sales rose by 20% and direct Chinese sales increased by 26%. Most impressively, other export market sales grew by 71% and accounted for 8% of revenue for the quarter.

It’s the international markets that make me very excited about the long-term potential of this ASX share. I’m not expecting incredible growth over the next three months, but I think over the next ten years I think the ASX share can grow into a much larger business if it keeps reporting solid double-digit sales growth every year.

It has a solid balance sheet, a strong supply chain and the company is expecting positive EBITDA in FY21, assuming no negative surprises from COVID-19. Bubs is also expecting the gross profit margin to keep going up.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is a business that facilitates digital giving to not-for-profit organisations. Currently, Pushpay’s biggest customer base is large and medium US churches which have big congregations. Pushpay helps its clients stay connected by offering livestreaming through its application, which is very useful in this era of COVID-19.

The ASX share grew revenue by approximately a third in FY20. The company is expecting another strong year in FY21. Earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) is expected to double in FY21.

I think Pushpay is an exciting prospect for the next decade. It’s targeting US$1 billion of annual revenue from the US church sector. Achieving that goal would turn Pushpay into a much bigger business. There are other religions in the US and other churches outside of the US that Pushpay could target in the future.

At the current Pushpay share price it’s trading at 33x FY22’s estimated earnings.

Foolish takeaway

I think each of these ASX shares have great long-term growth potential. As smaller caps, they have much more room to grow. It’s hard to say which one will deliver the most growth. My guess would be Pushpay because of its high gross profit margin and operating leverage, so I’d buy that one first.

More reading

• A2 Milk and 1 other top ASX growth share to buy this month
• Can the Bubs share price go higher in 2020?
• Got $3,000? Buy these 3 top ASX shares right now
• 3 ASX shares poised for huge growth over the next year
• Where I’d invest $11,000 into ASX shares right now

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended BUBS AUST FPO. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has started the week strongly and is on course to record a solid gain. In late morning trade the benchmark index is up 0.8% to 6,051.1 points.

Four shares that are climbing more than most today are listed below. Here’s why they are storming higher:

The Adairs Ltd (ASX: ADH) share price has jumped 17% higher to $3.20. This follows the release of the homewares retailer’s unaudited full year results. According to the release, Adairs expects to report a 12.9% increase in sales to $388.9 million. This was driven by a 4.5% increase in sales for the Adairs brand and a 50.2% lift in sales for the Mocka brand. Online sales now account for 31.9% of total sales. This led to underlying earnings before interest and tax rising 39.7% to $60.7 million.

The Coles Group Ltd (ASX: COL) share price is up 2% to $18.71. Investors appear to have been buying the supermarket operator’s shares on the belief that lockdowns will underpin strong sales growth in the first quarter of FY 2021. Coles is due to release its full year results on 18 August and is likely to provide a trading update with them.

The Kogan.com Ltd (ASX: KGN) share price is up 7% to $20.07. The ecommerce company’s shares have been on fire today after the release of an update for the month of July. According to the release, Kogan added an incremental 126,000 active customers during the month, bringing its total to 2,309,000. This supported further strong growth, with gross sales up 110% and gross profit up 110% during the month.

The Tyro Payments Ltd (ASX: TYR) share price is up 2% to $3.37. This follows the release of the payments company’s weekly update. According to the release, Tyro’s weekly transaction value was $390 million last week. On a same day-on-day basis, this was flat on the prior corresponding period. Investors may have been fearing a decline following Victoria’s lockdowns.

More reading

• What to look for in the Vicinity Centres FY20 report
• Kogan share price in spotlight after it releases new profit update
• ASX 200 Weekly Wrap: Surging commodity prices snap ASX 200’s losing streak
• Why it’s a good time to buy and hold ASX shares
• 3 quality ASX shares for a beginner’s share portfolio

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd and Tyro Payments. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why Adairs, Coles, Kogan, & Tyro shares are storming higher appeared first on Motley Fool Australia.

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If you are looking to build your ASX share portfolio, then I’d recommend taking a close look at the following two ASX growth shares. These are both on my buy list right now and here’s why.

2 ASX growth shares to consider buying in August

a2 Milk Company Ltd (ASX: A2M)

The a2 Milk share price has continued to climb higher in recent months, despite the challenges posed by the coronavirus pandemic. Since the beginning of this year, the a2 Milk share price has risen from $14.30, to now be trading at $18.96. That’s an increase of nearly 33%. a2 Milk continues to experience strong demand for its milk products across both its local and global markets. In particular, the company has seen strong recent demand for its infant nutrition products sold in both Australia and China.

I believe that a2 Milk is well placed to deliver strong growth over the next five years, driven by its expanding overseas operations. In particular, the massive markets of both China and the United States remain largely untapped for a2 Milk.

I also feel that a2 Milk has a slight competitive edge over other infant formula providers such as Bubs Australia Ltd (ASX: BUB) and Nuchev Ltd (ASX: NUC), due to its well-established brand name and entrenched market position.

Pushpay Holdings Ltd (ASX: PPH)

Another ASX growth share that has seen strong share price growth so far this year has been Pushpay. Despite a dip in the early phase of the pandemic, the share price of this donor management platform provider has risen from $3.92 at the beginning of the year, to now be trading at $7.50. That’s a whopping increase of over 91%. Recent revenue and subscriber growth has been very strong for Pushpay. Operating revenue increased by 33% to US$127.5 million for the 12 months to 31 March 2020, while total processing volume increased by 39% during that time. Growth has accelerated during the pandemic, due to the closure of many churches across the US.

I am confident that Pushpay is well placed for strong growth over the next five years, as it acquires further market scale. Pushpay acquired rival, Church Community Builder, at the end of 2019. This will provide it with a strong platform for growth over the coming years.

Foolish takeaway

Both a2 Milk and Pushpay are 2 ASX growth shares that have strongly outperformed the S&P/ASX 200 Index (ASX: XJO) so far this year. I believe that both companies are well placed for above average share price growth over the next 3 to 5 years, with each strongly positioned to gain further market share in their respective operating markets.

More reading

• Why the Afterpay share price is yet to be impacted by Tencent’s US troubles
• ASX 200 jumps 1.2%: Big four banks rise, Qantas update, Mesoblast surges
• Know when to buy ASX 200 shares – watch the VIX
• 3 ASX shares to buy and hold for the next decade
• Will the Domain share price follow auction clearance rates higher?

Phil Harpur owns shares of A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post A2 Milk and 1 other top ASX growth share to buy this month appeared first on Motley Fool Australia.

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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a very positive note. At the time of writing, the benchmark index is up a sizeable 0.7% to 6,047 points.

Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:

The CIMIC Group Ltd (ASX: CIM) share price is down 2.5% to $22.09 despite announcing several new contracts for its UGL business. According to the release, UGL has secured several construction and maintenance contracts in the mining sector worth over $200 million in total. This includes contracts with mining giants BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO).

The oOh!Media Ltd (ASX: OML) share price has fallen 5% to 77.5 cents. This appears to have been driven by a report in the AFR. According to the report, oOh!Media has been offering discounts of up to 95% for its billboards. This follows a collapse in demand for advertising space during the pandemic. The company is due to release its half year results on 24 August.

The ResMed Inc. (ASX: RMD) share price has fallen a further 2.5% to $24.41. The sleep treatment-focused medical device company’s shares have come under pressure since the release of its full year results last week. Although ResMed delivered a strong result, this was underpinned by strong pandemic-related ventilator sales. This offset weakness in mask sales caused by the coronavirus.

The Resolute Mining Limited (ASX: RSG) share price has fallen 3% to $1.32. The catalyst for this decline appears to have been a pullback in the gold price on Friday night. This was driven by the strengthening of the U.S. dollar. Though, it is worth noting that in Asian trade the gold price is rebounding.

More reading

• ASX 200 jumps 1.2%: Big four banks rise, Qantas update, Mesoblast surges
• These were the worst performing ASX shares last week
• ASX 200 Weekly Wrap: Surging commodity prices snap ASX 200’s losing streak
• Why ResMed shares could be a fantastic buy and hold option
• Top brokers name 3 ASX shares to sell next week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended oOh!Media Ltd and ResMed Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why CIMIC, oOh!Media, ResMed, & Resolute shares are dropping lower appeared first on Motley Fool Australia.

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Auction clearance rates are on the up and that could be good news for Domain Holdings Australia Ltd (ASX: DHG). I’ll be watching the Domain share price this week after a recent article in the Australian Financial Review (AFR) on rising clearance rates in Melbourne.

Why the Domain share price could climb

According to the AFR, Melbourne’s clearance rate rose to 73% on the weekend despite tough industry conditions.

It’s worth noting that these numbers were based on low volumes. Data collected by vendor CoreLogic reported 178 homes cleared out of 244 results.

That could be good news for the Domain share price as a real estate media leader. Domain tends to benefit from a strong housing market as many sellers look to list their homes in a hot market.

According to the AFR, 18% of homes were withdrawn, postponed or converted to a private sale. That means more listings are being left up as sellers are buoyed by market conditions and the chance of a sale.

Prominent realtor Ray White was quoted in the article as saying only 2 of its 53 weekend auctions failed to attract a bid, in a further show of market strength.

Strong government support has helped to prop up the economy in the first half of 2020. That has helped buoy investors spirits, despite the economic uncertainty in the short- to medium-term.

The Domain share price has reflected some of that positivity in recent months. In fact, shares in the real estate media group climbed 4.4% higher on Friday and are up 105.8% since the March bear market.

Domain is also outperforming the S&P/ASX 200 Index (ASX: XJO) this year despite slumping lower.

Is Domain in the buy zone?

These latest clearance rates are certainly good news for the Domain share price. However, I’m not sure I’m bullish enough to buy before seeing the company’s latest financials.

The Domain share price is still down 3.2% in 2020, which means there could still be good value.

I think it’s worth waiting until Domain’s financial results are released on 20 August to get a better idea of the financial and market outlook for FY21.

That could also help inform a decision on whether to buy ASX real estate investment trusts (REITs) like Mirvac Group (ASX: MGR) in 2020.

More reading

• Why the Afterpay share price is yet to be impacted by Tencent’s US troubles
• ASX 200 jumps 1.2%: Big four banks rise, Qantas update, Mesoblast surges
• Know when to buy ASX 200 shares – watch the VIX
• A2 Milk and 1 other top ASX growth share to buy this month
• Should you invest in ASX 200 childcare shares during stage 4 lockdown?

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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With Melbourne in stage 4 lockdown and increasing restrictions on state-based travel due to the coronavirus pandemic, childcare operators like G8 Education Ltd (ASX: GEM) and Think Childcare Ltd (ASX: TNK) have come under intense pressure.

But with the Federal Government paying for childcare since April, should you invest in S&P/ASX 200 Index (ASX: XJO) childcare shares during stage 4 lockdowns?

Investing in ASX childcare shares

The industry was already heavily subsidised before the government started covering the costs of childcare. As a result, there has been a built-in incentive for operators to grow rapidly and increase the capacity of old locations or build new ones.

Being supported by the government can be a blessing and a curse. On one hand, you have a direct (or indirect) customer that you know is going to pay. On the other hand, this can increase competition within the industry and put pressure on your prices.

Why the additional government support?

Childcare is a necessity for many people. It enables them to go to work (or work from home) and earn a living. That’s a major reason why the government has provided additional support to the industry during the pandemic. Another reason was to keep the sector operating through the massive drop in attendances as a result of coronavirus lockdowns.

However, once the pandemic is over, the government will stop fully paying for childcare and the market will return to some kind of normality. Unfortunately, this environment isn’t likely to favour childcare operators, with demand significantly down versus supply.

As an investment, I prefer industries that are self-sufficient. The economics are often better and the winners tend to win handsomely.

Roll up, roll up

Childcare operator G8 Education has previously employed a roll-up strategy to grow their business. That is, they have grown via the acquisition of childcare and early learning centres at what they deem to be a reasonable valuation.

This strategy, when executed well, can be extremely profitable in absolute terms. Unfortunately that isn’t the case with G8. The G8 share price has slumped 69% below its 52-week high. This has mostly been driven by an oversupply in the market when compared to demand.

Given the structural issues within the industry, as well as the massive drop-off in attendances due to the pandemic, G8 recently completed a highly dilutive $301 million equity raising.

Foolish takeaway

Given the uncertainty around the pandemic, demand and supply imbalance within the industry and recent capital raising, there are better investment opportunities out there than ASX 200 childcare shares.

More reading

• Why the Afterpay share price is yet to be impacted by Tencent’s US troubles
• ASX 200 jumps 1.2%: Big four banks rise, Qantas update, Mesoblast surges
• Know when to buy ASX 200 shares – watch the VIX
• A2 Milk and 1 other top ASX growth share to buy this month
• Will the Domain share price follow auction clearance rates higher?

Motley Fool contributor Lloyd Prout has no position in any of the stocks mentioned and expresses his own opinions. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Should you invest in ASX 200 childcare shares during stage 4 lockdown? appeared first on Motley Fool Australia.

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I think one of the best ways to substantially increase your wealth is to buy and hold quality growth shares that are trading at a discount. Businesses with a distinct competitive advantage and that are owner-led are 2 big ticks of approval.

And whilst this year has been rocky for the share market, there are a few companies on the ASX that have blossomed, achieving record sales from pantry stocking and convenience buying. Businesses such as Bubs Australia Ltd (ASX: BUB) and Marley Spoon AG (ASX: MMM) have seen their revenue skyrocket during the coronavirus pandemic.

How is Bubs different from its competitors?

Bubs has diversified itself from a specialty infant formula provider to Australia’s largest producer of goat dairy and children’s nutrition products. Its multiple brand portfolios cover a range of segments, from newborns to toddlers and even adults. Its ever-growing new product development and expansion will undoubtedly drive growth support into its future success.

Bubs is unique from its rivals because it is vertically integrated and controls its own supply chain and manufacturing ability. This allows the company to respond to a surge of sudden consumer demand, as seen in its third quarter, which saw significant buying across all key segments.

In addition, Bubs has been looking to enter new geographical markets, which can help drive future sales. While most companies in the baby formula industry solely focus on countries like Australia, China and the United States, Bubs has looked elsewhere to locations like Vietnam and the Middle East. These addressable markets with millions of consumers will no doubt have strong impact on the company’s bottom line and should bode well for the Bubs share price.

How has Bubs performed during COVID-19?

Late last month, Bubs released its Q4 FY20 result, in which gross revenue increased 32% to $62 million. The company also reported a robust balance sheet with $26 million in cash reserves. Whilst there was a 5% drop in revenue from the prior corresponding period (pcp), this was foreseen due to the panic buying of COVID-19.

Nonetheless, Bubs’ top 3 markets have all delivered strong growth year-on-year, and exports (excluding China due to its complex channel mix dynamics) have risen 71% from the pcp.

Bubs has said that consumer demand remains strong in all key markets, despite the growth momentum being temporarily impacted. The company is predicted to be breakeven in 2021, before generating profits of $2.1 million later that year. With low debt obligations, Bubs has prudently used its capital to finance its operations, and thus reducing the risk around a loss-making company.

Is the Bubs share price a buy?

Since Bubs first listed in 2017, new product launches and distribution channels have expanded the company’s revenue streams to record consistent quarterly growth.

Just recently, Bubs announced its new ‘Vita Bubs’ (vitamin and mineral supplement for children) and national distribution to over 400 Chemist Warehouses stores from October 2020.

The company has been making strides to increase market share and global presence. International supermodel Jennifer Hawkins has signed for the next 3 years to become Bub’s global brand ambassador. Her social media reach and influence as a new mother herself will no doubt have a positive effect on the Bubs share price.

I believe that the Bubs share price is trading at an attractive level (at the time of writing) of 90 cents. This is a drop of 15% within the last month and a perfect time to pick up a bargain, in my view.

More reading

• Where I’d invest $11,000 into ASX shares right now
• ASX shares that could get a boost from Victoria’s shutdown
• Up 1,000% in 2020! Is it too late to buy Marley Spoon shares?
• Why Sezzle and these ASX shares recorded huge gains in July
• Is the Woolworths share price in the buy zone?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BUBS AUST FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Can the Bubs share price go higher in 2020? appeared first on Motley Fool Australia.

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