As retailers are closing stores left, right and centre, there is one unlikely winner emerging in the space that seems to be bucking the trend.

On Tuesday Noni B issued a trading update and said it was expecting a jump of more than 50 per cent in underlying earnings before interest, tax, depreciation and amortisation to $22 million for the first half of the 2017-18 financial year. The company's like-for-like sales for the half were also expected to grow by 3 per cent to $190 million.