Macquarie stays upbeat on Universal Store ahead of Black Friday
Macquarie keeps its outperform rating on Universal Store and cuts its target price 8.3% to A$10.00 after a sales slowdown, citing Black Friday hopes.
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what happened
Market Talk reports that the growing weight of Black Friday trading is helping Macquarie stay positive on Universal Store, the Australian fashion retailer, despite its recent sales slowdown. An analyst at the bank notes that sales growth across the company's brands has eased since August. Still, like-for-like sales are holding up reasonably well, and the analyst expects a lift from Black Friday promotions and seasonal demand at the Perfect Stranger stores.
According to the note, the company's buying teams and low-inventory model are performing well in a tough consumer environment. Macquarie keeps its outperform rating on the shares but trims its target price by 8.3% to A$10.00. The stock was down 1.7% at A$7.53.
why it matters
For markets, the story is mainly about the Australian discretionary retail sector, where slowing sales and cautious consumer conditions are closely watched. A single broker's target revision typically carries limited weight for the wider market.
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sources
- Universal Store's Bull Stays Sanguine Ahead of Black Friday — Market Talk, 28 October 2026 at 00:54 UTC
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