Yes, you’ve seen NBL, sales solid given industry circumstances. How badly run were the legacy brands under SFH ownership if NBL can rip out such a massive amount of costs?!
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NBL update:
Underlying earnings before tax, depreciation and amortisation (EBITDA) totalled $29 million, Noni B said in a statement to the Australian stock exchange.
While the retail sector struggled with depressed consumer sentiment and shifts in the retail calendar during the Christmas season, Noni B Group reported like-for-like sales growth of over 1 per cent in December.
If Nike can grow sales by 9%, CCX should grow at +25%, page-25
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