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Australian retail stocks have shrugged off poor consumer and investor confidence in the past 18 months to notch up some truly impressive gains. The standout performers have been JB Hi-Fi Limited (ASX: JBH) and Kathmandu Holdings Ltd (ASX: KMD), both climbing well over 100%. With interest rates at record lows, consumer confidence rising, and retail sales climbing for the past three months combined, with an annual growth rate of 4.6%, it seems pre-emptive investors have played the sector nicely. Although in recent times, fashion and apparel sales have underperformed, Deutsche Bank analysts believe there are a number of positive trends appearing in the space.
More: http://finance.ninemsn.com.au/newsbusiness/motley/8784240/top-broker-tips-1-retail-stock-as-a-buy