City Chic’s sales slip; promotions dent margins
Inside Retail
JANUARY 19, 2023
In a trading update based on unaudited accounts for the period to January 1, the business recorded a sales decline of 8 per cent to $168.6 Increased promotional activities during key Black Friday, Cyber Monday and the Christmas / Boxing Day sales periods impacted the group’s gross margin. “We Online sales fell 21 per cent.
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