Australia's City Chic Collective gains on positive outlook

City Chic Collective

21/11/2023 23:40

** Shares of City Chic Collective  CCX.AX  rise 14.3% to
A$0.36, their highest since Oct. 4
    ** Omni-channel fashion retailer expects to trade profitably
in 2H of FY24 as it sees benefits of strategic initiatives
emerging along with cost-out programme 
    ** Co says on track to achieving financial targets,
including being cash positive at the end of FY24
    ** Says revenue trend in Oct and Nov giving confidence into
Black Friday and Christmas periods
    ** Stock down 33.7% YTD, as of last close

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