The Company ended the FY2012 year with a portfolio of 893 stores and intends to continue its store rationalisation program to close or exit from underperforming stores. However, rental market conditions have improved in certain locations, and the Company also expects to open new stores that offer attractive investment returns. Specialty Fashion Group CEO, Gary Perlstein, said: “We have a strong balance sheet and this combined with the business improvement initiatives underway positions the Company to trade solidly in FY2013, and improve the Group performance. While growth of the womenswear market is expected to be low we are focused on pursuing expansion into new sales channels and product categories. We believe we have the largest women’s retail shoppers database in Australia and a unique opportunity to monetise this asset.”
Specialty Fashion Group Limited confirms revenue for the full year ended 30 June 2012 of $572.5 million, delivering Earnings Before Interest Taxation #
Specialty Fashion Group (SFG) is the largest retailer of women’s fashion in Australia, making women everywhere look good and feel great through seven diverse brands that offer style and value. The company’s brands include Autograph, City Chic, Crossroads, La Senza, Katies, Millers and Stylefix.
Specialty Fashion Group Limited confirms revenue for the full year ended 30 June 2012 of $572.5 million, delivering Earnings Before Interest Taxation #
Specialty Fashion Group Limited
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