Super Retail Group Limited (AU:SUL) has released an update.
Super Retail Group has reported mixed sales growth across its brands in the first 43 weeks of FY24, with Supercheap Auto leading the pack, while rebel and BCF experienced sales declines. Amidst inflation and cost-of-living pressures, the company has opened 16 net new stores and is gearing up to open seven more by FY24’s end. Additionally, a new Enterprise Agreement will increase retail team members’ wages over the next three years, starting with a 5.25% rise in FY25.
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