From the latest Wilson Group "Update"

An excerpt from the latest "update";

Spotlight on City ChicCollective

City Chic Collective (ASX: CCX), which was previously knownas Specialty Fashion Group, is a leading retailer in plus-sizedfashion. We first invested in CCX in April 2018 after it sold five ofits six brands to Noni B in order to concentrate on the City Chic brandand improve its balance sheet.   

This week CCX reported its results, exceeding marketexpectations. The first half FY19 saw like-for-like store sales growth of 9.6%and earnings before interest, taxes, depreciation, and amortisationup 22%. Another bright spot was the 29% growth in online sales, their mostprofitable channel, with strong results from Australia, New Zealand and theUS. Additionally, CCX declared a 2.5 cents per share dividend and a 2.5cents per share special dividend, payable on 19 March 2019. 

We continue to holdCCX as a research-driven investment in WAM Capital, WAM Research and WAMMicrocap as we believe it has been able to generate strong store growth and hasmanaged a successful entrance into the US market. The business has carved out aniche in plus-sized female apparel in all markets, and growth will come throughonline and new store roll outs. CCX shares closed up 43.9% for the week