We'll learn more about the state of the retail sector this morning, with The Warehouse Group releasing its full year results

Shareholders could factor in the results, as they weigh up whether to reconsider a takeover bid from company founder Sir Stephen Tindall and an Australian private equity firm.

Most retailers -- except supermarkets and pharmacies -- are reporting falling sales.

JMI Wealth Director Andrew Kelleher says Kathmundu's parent company is reporting a 11.5 percent sales drop.

He says there are signs of green shoots, with one broker describing sales in recent months as "incrementally less worse".