If Premier can deliver the performance outlined below, City Chic underperforming as strange as that sounds:
”Apparel Brands 1H19 sales up 7.5% on 1H18 to $370.8 million, improving momentum on 2H18 sales growth of 5.5%Apparel Brands deliver strong 1H19 sales growth • Apparel Brands 1H19 LFL sales growth of 8.8% was stronger than overall growth, with 16 stores closed during the last 12 months as part of the ongoing program to close unprofitable stores • Ongoing investment in product and merchandise teams delivering growth • Focus on disciplined execution of markdown management in a highly competitive market leaving a clean inventory position to commence 2H19”
CCX Price at posting:
$1.58 Sentiment: Buy Disclosure: Held
