Macquarie favors Australian discretionary retail over telcos

** Brokerage Macquarie expresses preference for Australian discretionary retail over telco and household retail sectors, citing stronger macro indicators supporting segment** Macquarie's top discretionary retail picks are Uniti Group , Breville Group , and Lovisa Holdings due to brand strength and expansion potential** Says telcos face mixed prospects, with adjustments in internet speeds offering tailwinds offset by price cuts; Macquarie lists Superloop as its preferred pick** Adds, household retail faces challenges from potential rate hikes, but backs Nick Scali and Breville for strong market share and premium product focus