City Chic Collective Expects Positive First-Half EBIT as Full-Price Sales Lift Margins
City Chic Collective expects to return to positive first-half EBIT after reduced discounting lifted gross margins. Comparable full-price store sales rose 19.6% in Australia and New Zealand over the 18 weeks to 1 November.
City Chic Collective ASX:CCX expects to return to positive first-half EBIT after its reduced-discounting strategy lifted gross margins and full-price store sales.The retailer reported a 19.6% rise in comparable full-price store sales across Australia and New Zealand (ANZ) in the 18 weeks to 1 Novem…