Retail, Consumer Products & Food Articles

If you’ve been following the financial news closely, you've probably heard analysts warn of the risks facing consumer discretionary stocks due to the looming retail slump. Those risks are now manifesting as Australia is in the midst of a consumer recession with three consecutive quarters of declining retail turnover. So the post-covid retail honeymoon is over—and consumers are opting for value-driven choices as the tailwinds provided by the excess savings accumulated during Covid wane.

What do companies like AirBnB, Uber, Atlassian and MilkRun have in common? They all started with ideas that seemed unlikely to work at first. Consider MilkRun. The on-demand grocery startup was a true disruptor when it burst onto the scene in 2021. Its promise of delivering groceries within ten minutes for just $2.99 challenged the duopoly of Coles and Woolworths, which held a combined market share of about 70 per cent.