City Chic Collective Ltd
ASX:CCX
City Chic Collective Ltd
City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U. S. It offers its products through various brands, such as Millers, Crossroads, Katies, Autograph, and Rivers. The company is headquartered in Alexandria, New South Wales and currently employs 640 full-time employees. The firm specializes in plus-size women’s apparel, footwear and accessories. Its brands include City Chic, Avenue, Evans, CCX, Hips & Curves and Fox & Royal. City Chic and CCX appeal to fashion forward women and its multi-channel model comprises of a network of approximately 89 stores across Australia and New Zealand (ANZ), and websites operating in ANZ and the United States. Avenue and Evans target a customer base across conservative and fashion segments, both with a long history and online customer following. Hips & Curves in the United States, Fox & Royal in ANZ and the United Kingdom are online intimates brands. City Chic Collective owns European-based online marketplace Navabi and also sells its collective of brands through third-party marketplace and wholesale partners in the United States, Canada, United Kingdom and Europe.
City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U. S. It offers its products through various brands, such as Millers, Crossroads, Katies, Autograph, and Rivers. The company is headquartered in Alexandria, New South Wales and currently employs 640 full-time employees. The firm specializes in plus-size women’s apparel, footwear and accessories. Its brands include City Chic, Avenue, Evans, CCX, Hips & Curves and Fox & Royal. City Chic and CCX appeal to fashion forward women and its multi-channel model comprises of a network of approximately 89 stores across Australia and New Zealand (ANZ), and websites operating in ANZ and the United States. Avenue and Evans target a customer base across conservative and fashion segments, both with a long history and online customer following. Hips & Curves in the United States, Fox & Royal in ANZ and the United Kingdom are online intimates brands. City Chic Collective owns European-based online marketplace Navabi and also sells its collective of brands through third-party marketplace and wholesale partners in the United States, Canada, United Kingdom and Europe.
EBITDA Growth: Underlying EBITDA rose 86% to $6.5 million, up from $3.5 million last year, as strategic initiatives and cost management drove profitability.
Revenue: Group revenue was $69.2 million, flat year-on-year, with Australia and New Zealand (ANZ) up 7.4% while the U.S.A. declined due to deliberate inventory reductions.
Gross Margin: Trading gross margin improved by 220 basis points to 62.2%, surpassing the company's 62% target.
Cost Discipline: Costs of doing business fell to 51%, down from 54%, reflecting completion of cost-out programs.
Cash Flow & Balance Sheet: Positive operating cash flow of $10.1 million; cash position of $5.4 million and full debt repayment with a renewed facility extended to March 2028.
Trading Update: In the first 8 weeks of Q3, ANZ trading gross margin dollars rose 17% and revenue rose 9% vs. the prior period, driven by strong full-price sell-through.
U.S. Strategy: U.S.A. performance was above expectations despite lower sales; renewed investment in inventory expected to drive growth in summer.
Amazon Model Shift: Transitioning Amazon from wholesale to a marketplace model will pressure short-term revenue but is expected to improve control and long-term profitability.
