THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Broker’s note - Retail Sector

Seymour Pierce has downgraded its recommendation on the general retail sector and upgraded its stance on the food retailers’.

CITY & CORPORATE

Broker’s note - Retail Sector

Seymour Pierce has downgraded its recommendation on the general retail sector and upgraded its stance on the food retailers’.

The broker has moved general retail from 'overweight' to 'average weight' following the 58% increase in th
e sector over the past six months that has seen it outperform the UK market by nearly 30%.

Seymour Pierce believes the economic outlook for 2010 looks more challenging and that the looser monetary policy of 2009 is now fully factored into share prices. It has also downgraded Kingfisher from 'Buy' to 'Hold'.

The broker has however taken a more positive view of food retailers with its stance switching to 'Overweight'. It believes they should benefit from consumers trading up in the short term and from eating at home more often. It also suggests food retailers have the opportunity to develop their non-food ambitions through increased space and multi-channel. Seymour Pierce also upgrades Morrisons from 'Hold' to 'Buy'.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‚Äėsmall and beautiful‚Äô solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process