Interesting to see City Chic report excellent H1 results today with first half same store sales up 9%+. And given Noni B is also continuing to do well, albeit not as strong growth as CC, it begs the question as to why PGR cant do better despite the tough environment.
City Chic has $30m+ net cash - maybe they could do better with Review and/or Black Pepper. That said, the last thing you want to be doing in the current environment is trying to sell retail assets. Bring on the H1 results....
PGR Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
