City Chic’s sales slip; promotions dent margins
Inside Retail
JANUARY 19, 2023
million to $4 million is also likely due to reduced revenue and higher fulfilment costs. Increased promotional activities during key Black Friday, Cyber Monday and the Christmas / Boxing Day sales periods impacted the group’s gross margin. Online sales fell 21 per cent. An underlying EBITDA loss of between $2.5 million. “We
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