The clearance sales of its market-exiting competitors are over, so is it Baby Bunting Group Ltd’s (ASX: BBN) time to shine in the children’s retail space?
The online and offline retailer delivered a Morgan’s Conference presentation to shareholders today, with earnings guidance rising for FY19 as the sector consolidates after rival Toys R Us and its subsidiaries closed doors earlier this year.
According to the update, FY19 EBITDA is expected to be in the range of $24 million to $27 million, representing growth of between 30% and 45% – the guidance assumes the opening of six new stores during FY19, as planned.
Baby Bunting plans to build a network of more than 80 stores, with just 49 at present there is a long way to go, but its online strategy seems to be in line with its bricks and mortar growth to drive customer interaction.
Another under-the-radar retailer on watch right now is Noni B Limited (ASX: NBL) – with its share price incline of 70% in the last year after acquiring a number of brands from Speciality Fashion Group Ltd. (ASX: SFH).
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