NewsBite

Exclusive

City Chic sales smashed by 30pc, capital raise documents show

Carrie LaFrenz

City Chic is on track to report a 30 per cent fall in sales this year, dragging the women’s specialty fashion retailer’s bottom line deep into the red, internal documents show.

Shares in the ASX-listed company have been suspended for days as the company seeks an emergency $27.5 million equity injection and sells Avenue, a North American brand, for $14.5 million. The Australian Financial Review’s Street Talk column reported this week that FullBeauty Brands is purchasing Avenue from City Chic.

Loading...
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

Read More

Latest In Retail

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/retail/city-chic-sales-smashed-by-30pc-capital-raise-documents-show-20240619-p5jn5f