City Chic, the ladies’ plus-size retailer backed by billionaire businessman Brett Blundy, has returned to profitability but is warning earnings will be lower than expected after a poor performance in its US business.
In a trading update, City Chic said it expected to deliver underlying earnings before interest, taxes, depreciation and amortisation of between $6 million and $6.5 million for the full year to June 29.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
