In its August monthly update, the QVG Opportunities Fund has named two cheap and growing ASX retail shares to buy.
The Adairs Ltd (ASX:ADH) share price rose 13 per cent in August. Adairs shares are currently trading at $2.52, up 73 per cent over the past 12 months.
In late August, the homewares retailer reported record sales, profits and dividends for FY18.
Sales were up almost 19 per cent, with like for like sales growing at a very impressive 14 per cent. Adairs profits jumped 45 per cent higher to $30.6 million and the company increased its full year FY18 fully franked dividend by 69 per cent to 13.5 cents per share.