Australia's City Chic Collective falls on lacklustre group sales

City Chic Collective

22/05/2023 01:44

** Shares of City Chic Collective Ltd  CCX.AX  fall as much
as 11.7% to A$0.340, set for worst day since Feb 27, if trend
holds 
    ** The multi-channel retailer says group sales down 15.2% to
A$262.2 mln ($177.85 mln) during a 45-week duration ended May 14
    ** Co has closed seven warehouses with two further closures
due in the next three months
    ** CCX stock at its lowest level since May 18
    ** Stock down ~19% YTD, as of last close
 

    ($1 = 1.4743 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))