Looks like overall retail was weak over the Xmas period however online sales were pretty strong with some retailers in the US having double digit growth for year on year online sales for the period. Good news for Surfstitch, I hope they did well and were able to squeeze a few of those magical margin %s on the periods trade to actually make the company some money.
I wonder what the thoughts are around the Premium subscription model that gives access to magic seaweed pro features, garage films and surfstitch discounts for a small monthly fee or if that idea has been scrapped?
SRF Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held