Latest news with #CityChic
Fibre2Fashion
15-07-2025
- Business
- Fibre2Fashion
Australia's City Chic EBITDA turns positive in FY25, online sales rise
Australian retail clothing company City Chic Collective has reported its unaudited financial results for the full year ended June 29, 2025, recording global revenue of $134.7 million, a 2.3 per cent increase year-over-year (YoY). Subject to audit, the company's retailer's underlying EBITDA is expected to range between $6 million and $6.5 million, marking a significant rebound from the fiscal 2024 (FY24) EBITDA loss of $8.4 million, City Chic said in a press release. City Chic Collective has reported unaudited FY25 revenue of $134.7 million, up 2.3 per cent YoY, with underlying EBITDA between $6â€'6.5 million, rebounding from an $8.4 million loss in FY24. ANZ sales rose 8.3 per cent, while US revenue dropped 14.9 per cent. Online sales led channel growth. Inventory fell 12 per cent. CEO Phil Ryan cited margin gains and cost controls amid ongoing US market volatility. The comparable store sales grew by 8.4 per cent, with second-half growth accelerating to 10.3 per cent. The trading margin improved by 3.6 percentage points (pp). Region-wise, revenue in Australia & New Zealand (ANZ) grew 8.3 per cent YoY to $105.8 million, with second-half growth accelerating to 15.2 per cent. Comparable store sales in the region increased 8.4 per cent. ANZ sales grew by 15.2 per cent in the second half (H2), driven by strong trading momentum, with comparable store sales up 10.3 per cent and online up 17.8 per cent on prior corresponding period (PCP), at better trading margins. The US revenue declined 14.9 per cent to $28.9 million, impacted by continued volatility in the region due to shifting trade policies. However, City Chic-branded product sales in the US grew 25.6 per cent. Channel-wise, the revenue from stores rose 3.8 per cent to $49.8 million, with a strong 11.2 per cent growth in H2. Meanwhile, Online sales surged 11.5 per cent to $67.9 million. H2 growth for online sales stood at 21.8 per cent, making it the strongest-performing channel. However, the partner revenue fell 25.1 per cent to $17 million, reflecting a PCP which included Avenue inventory sales. The second half recorded a 22.7 per cent decline in this segment. The inventory levels dropped 12 per cent to $27.2 million, reflecting tighter purchasing strategies. The group maintained a cash balance of $8 million, with $5 million still undrawn from its $10 million debt facility. 'I am pleased with the EBITDA turnaround—returning to profitability is a significant milestone for the business. We are making strong inroads in our margin improvements and cost base reductions and are now focused on driving revenue growth, that will deliver sustainable profitability,' said Phil Ryan, chief executive officer (CEO) and managing director of City Chic. 'The growth has been lower than planned, with the expected uplift from the recent interest rate cuts and improving consumer sentiment yet to materialise to the extent anticipated.' 'The USA has remained volatile, with the ongoing changes in USA foreign trade policy directly impacting demand. Both factors have resulted in our revenue and EBITDA being slightly below our guidance,' added Ryan. 'Making these inroads has not been easy, and I believe we are only halfway there on this journey. But with our simplified structure and significantly lower cost base, we are well positioned to take advantage of more favourable market conditions when these return.' Fibre2Fashion News Desk (SG)
West Australian
14-07-2025
- Business
- West Australian
City Chic reports earnings turnaround but misses full-year guidance
City Chic has fallen short of its full-year earnings and sales guidance, with the Brett Blundy-backed womenswear retailer noting Donald Trump's ongoing tariff threats has affected consumer demand. City Chic chief Phil Ryan on Monday also warned the expected uplift in consumer demand from the Reserve Bank of Australia's recent interest rate cuts was yet to be seen. The retailer expects global sales to hit $134.7 million for the 2025 financial year. While the unaudited result was 2.3 per cent higher the the prior year, it was a miss on City Chic's revised guidance of between $137m and $147m provided in May. Earnings before interest, taxes, depreciation and amortisation for the year to June 29 will come in at $6m-$6.5m, a turnaround from a loss of $8.4m in the 2024 financial year, but also lower than its revised forecast of $8m-$12m. Mr Ryan said City Chic's return to profitability was a significant milestone for the business. He said It had recorded positive momentum in Australia and New Zealand, where it has 74 stores, with revenue up 15.2 per cent in the second half. 'The growth has been lower than planned, with the expected uplift from the recent interest rate cuts and improving consumer sentiment yet to materialise to the extent anticipated,' Mr Ryan said. 'The USA has remained volatile, with the ongoing changes in USA foreign trade policy directly impacting demand. 'Both factors have resulted in our revenue and EBITDA being slightly below our guidance.' In May, City Chic — where Mr Blundy's private investment vehicle BBFIT holds about a 7 per cent stake — said it had the option to pull the plug on its US operations if talks between the Trump administration and Beijing fail to resolve a stand-off that had slapped tariffs on Chinese imports. The group generates 20 per cent of revenue from the US and 90 per cent of its products are made in China. City Chic shares last traded at 8.6¢.
News.com.au
07-07-2025
- Lifestyle
- News.com.au
‘Waited my whole life': Sad reason woman broke down in tears while shopping
A young woman in tears has exposed just how far Australia has to come with size-inclusively in 2025. Kate Elizabeth, 27, amassed over 300,000 views on social media by sobbing as she explained why she was overcome by emotion while shopping at the retail chain City Chic. The store stocks sizes from 14 to 16, and the average Australian woman wears between a size 14 and 16. 'I've waited my whole life to feel seen in a store,' she wrote. 'Plus-size people are stylish. We're trendy. We deserve spaces that reflect that. Not tucked away corners – real, beautiful stores that feel like us.' Ms Elizabeth wears a size 18-20. Speaking to she explained that the moment was overwhelming because she has struggled to find clothes in store since she was a teenager. The 27-year-old said she's always had a 'pretty negative' experience when it comes to shopping. 'Especially when I was younger. There's been some improvement, but it's still a fight just to feel included,' she said. She explained that walking into stores and finding nothing above a size 16 is hurtful and often feels 'defeating'. 'I've heard 'we don't have the budget' too many times – it's not about budget, it's about choice,' she said. 'Some brands are trying, which is great, but sizing is often off. A size 16 is the average woman in Australia, yet extended sizing is still treated like a niche.' Ms Elizabeth argued that it simply isn't fair to people who don't fit into standard sizing to be forced to shop online. 'I'm a tactile shopper! I love building outfits and feeling confident in the moment, not just hoping what I ordered online fits,' she said. She's also unimpressed with brands that offer extended sizing online but don't stock those sizes in store. 'Keeping extended sizing online-only still feels like a quiet exclusion,' she said. 'I just think it's important to talk about how isolating it can feel when plus-size people aren't seen in-store. It's not just about having the sizes — it's about making us feel welcome, too.' Ms Elizabeth's viral TikTok comes after Brittney Saunders, who owns the size-inclusive fashion label Fayt, has called out other Aussie brands for not extending their sizes. Ms Saunders, 31, appeared on the new fashion-focused podcast Style-ish, and explained that her brand, Fayt, starts from a size six and finishes at a size 26 because it makes good business sense. 'I don't understand when brands say they don't sell and that is why we don't do them. It is like, yes, they do.' she said. Originally, her brand launched with sizes six to 14 on offer, but she extended her size range because she could see the demand was there. 'I added a 16, and an 18, and then I thought maybe I could do a 20? And it was just a climb through every size until I got to where I am today,' she said. Ms Saunders said she was inspired to keep extending her sizes because they were 'selling' and customers appreciated it. The process of becoming a size-inclusive brand has also made her realise that 'bigger brands' that don't offer extended sizes really don't have an excuse not to. 'I would say, come on guys. I often look at them and think, if I can do it, just me and you're this hundreds of million dollar company, and you don't. Like, what are you doing?' she argued. Ms Saunders said that, as someone who has done the maths and worked out a profitable way to offer sizes up to 26, she believes that brands that aren't size-inclusive are sadly not interested. 'They don't want to. I can't think of any reason other than they don't want to. It can be done,' she said.
7NEWS
30-06-2025
- Entertainment
- 7NEWS
I tried City Chic and Commonry's winter ranges and found fashion that actually fits my body
Shopping as a curvy woman is often a mix of frustration and compromise. You'll spot a trend you love, only to find it stops at size 14. Or worse, the plus-size option is a totally different (sadder) version. Finding something fashion-forward that actually fits, flatters, and feels like you should not be this hard. But this winter, I'm wearing two Aussie brands that are genuinely doing the work: City Chic and Commonry. I've been watching City Chic's rebrand closely, and their latest Autumn-Winter 2025 collection, Low Exposure, feels like a new era. The pieces are luxe, tailored, and unapologetically stylish, designed to be seen. Meanwhile, Commonry continues to champion high-quality, size-inclusive fashion, offering elevated staples that genuinely last. Here's what I picked up and loved from both brand s, from curve-hugging denim to the chicest faux suede jacket I now can't live without. Here are a few pieces I picked up from the brands. 1. Tori Faux Leather Trench — Bordeaux was $249.95, now $124.98 I've worn this coat twice and received ample compliments both times. It's both chic, comfortable and keeps you warm. I've been wanting a coat like this for a while, but City Chic really delivered with this one. It's warm, it's stylish, and it gives serious main character energy. The faux leather feels luxe without the hefty price tag, and the bordeaux colour? Perfection. This is the coat for anyone wanting to elevate their winter wardrobe. 2. Rodeo Denim Midi Dress — Dark wash was $149.95, now $104.97 This dress fits like it was tailored to my body; it's incredible and accentuates my curves while still looking classic and elegant. It might be my favourite dress I own in my wardrobe right now. It's structured, classic, and effortlessly cool — I'll be wearing it on repeat. 3. Lusia Jacket — Caramel was $139.95, now $95 Suede was on my must-have list for winter this year. It's always chic and can dress up and accessorise any outfit. I picked up this faux suede jacket, and I can't stop wearing it. I almost don't know how I lived without it now that it's in my life. It's soft and easy to wear and adds polish to every outfit. It somehow manages to be both warm and lightweight, and I can't believe how much I reach for it. 4. Clara Knit Cardigan — Bordeaux was $99.95, now $49.98 I fell in love with this knit because of the gold buttons and burgundy colour, who wouldn't? It's elevated while still achieving a modern, elegant look and can be dressed up or down, worn with a bralette out to dinner or a tank top underneath for daytime. The knit gently lays on your curves, making it ideal for laid-back outings. 5. Commonry Brook Jacket in Camel, $299.95 This is the type of winter quality staple that will last me for years to come. It's unbelievably warm and timeless. In beautiful felted wool, it's warm enough to battle the chill, but the boxy silhouette and cropped cut give it a fresh, modern look. You can layer it with denim for weekend brunch or over tailoring for work. The wool blend feels luxe and will absolutely last season after season. 6. Commonry Charlotte Knit $399.95 This one is a splurge, hello cashmere, but it's well worth the investment. It's every day luxury at its finest. It's buttery-soft, slouchy without being shapeless, and goes with absolutely everything. A proper grown-up purchase that you'll treasure, the piece in your wardrobe you buy once and wear forever. 7. Commonry Barrel Denim Jean in Raw Denim $149.95 I've been desperately looking for the right fit of Barrel denim jeans for the last six months. I wanted one that fit my body type while still maintaining the barrel shape. This pair from Commonry is a winner. They're a relaxed fit that still manages to be high-waisted but relaxed and accentuates the barrel silhouette. Barrel jeans can be tricky, especially if you're curvier, but Commonry nailed the fit with these. Why size-inclusive fashion matters Fashion is still catching up when it comes to catering for all bodies — and by all, I mean the average Australian woman who wears a size 16. That's why brands like City Chic and Commonry deserve attention. They're creating high-quality, on-trend pieces that don't just fit, but actually make you feel seen and stylish. It's not just about throwing a few extra sizes onto a rack; it's thoughtful design, proper tailoring, and style that doesn't compromise. Curve fashion doesn't have to be frumpy or frustrating.
Perth Now
23-06-2025
- Business
- Perth Now
Trump slump smashes major Aussie company
A brutal two-punch combo of Trump tariffs and inflation shocks is crushing the stock prices of major Australian fashion retailers, with luxury brand Cettire leading the dramatic slump. The company started off the year with a market capitalisation of nearly $600m, but a precipitous 81 per cent decline in its share price since January 2 value means it is now worth just $115m. Moomoo market strategist Jessica Amir warned 'serious alarm bells' were ringing about the survival of the company, which sells high-end products worldwide through its online platform. 'It's safe to say there are some serious questions about a potential receivership,' she said. In a trading update from June 12, Cettire announced just $500,000 in earnings for the financial year ending May 31, though sales revenues lifted 1.7 per cent to $693.8m. Luxury retailer Cettire is leading a slump in ASX-listed fashion stocks this year. Supplied Credit: Supplied City Chic has warned US tariff policies could impact its earnings. Supplied Credit: Supplied The company now has $45m left in cash, down from $79m in March. Cettire founder and CEO Dean Mintz blamed trade uncertainty around US tariff policy in part for the difficult trading environment. 'Recent results from luxury industry participants point to continued challenges in the sector, amplified by trade uncertainty surrounding US tariff policy,' he said. 'As a result, elevated promotional activity persists across the market.' While Cettire's share price is tanking, there are avenues the company could pursue to avoid any fall into administration, for example a capital raise or taking on a new debt facility. It is not the only ASX-listed apparel business to record a disturbing slump in value this year. Footwear retailer Accent Group has slumped 45 per cent, while KMD Brands, which sells the Kathmandu and Rip Curl brands, has tumbled 33 per cent. City Chic has retreated 26 per cent. Graphic Aussie Fashion Stocks - Jan 2-June 23 (2) At the start of the year, KMD was worth about $300m. Now it is worth less than $200m. Some of the retailers point to US President Donald Trump's tariff shock for creating additional challenges in their businesses. In a trading update from June 19, KMD estimated tariffs would strip about $1m in earnings from the company across the 2025 financial year. 'The (company) continues to closely monitor the fluid US tariff situation and it remains too early to estimate the impact on consumer demand in the US,' the company said. 'Given the uncertainty in the US market, agility remains the (company's) main priority heading into 2026.' In an update from May 5, City Chic has warned some 20 per cent of its revenue was generated in the US and 90 per cent of its products were sourced from China, a big target for tariffs. KMD Brands, which owns Kathmandu, has warned tariffs could strip out $1m in earnings for FY25. NewsWire / Gaye Gerard Credit: News Corp Australia 'Due to the tariff situation and its potential impact on consumer demand, USA sales expectations have been reduced for FY26,' the company said. But global trade chaos is not the only pressure mounting on fashion stocks, Ms Amir cautioned. Rising oil and electricity prices are also eating away at consumer spending power. 'The things we're paying every quarter and every month are far higher than they were,' she said. 'Petrol costs are up markedly and that's because the oil price is up. 'It means you've got less money left over to buy things like a luxury designer handbag from Cettire, or that Rip Curl jumper. 'You might want to get out your needle and thread and sow up your Kathmandu. You're not exactly going to go out and buy another one.' The benchmark ASX200, which tracks the 200 largest companies on the Australian stock market, has advanced 3 per cent year-to-date.
