PMV premier investments limited

News: PMV Premier Investments Says Total Sales Down 74% For 6 Weeks To 6 May

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    May 12 (Reuters) - Premier Investments Ltd (PMV) :

    • STORE CLOSURES SIGNIFICANTLY IMPACTED PREMIER RETAIL'S GLOBAL SALES, WITH TOTAL SALES DOWN 74% FOR 6 WEEKS TO 6 MAY
    • GLOBAL RETAIL STORE NETWORK SALES WERE DOWN 99% FOR 6 WEEKS TO 6 MAY 2020
    • TO REOPEN BALANCE OF ITS STORES IN AUSTRALIA FROM FRIDAY, 15 MAY
    • ANNOUNCE REOPENING OF ALL NEW ZEALAND STORES FROM THURSDAY 14 MAY 2020
    • INVENTORY LEVELS & PRODUCT ASSORTMENTS WILL BE IMBALANCED UNTIL POTENTIALLY DEC 2020
    • ALL SMIGGLE RETAIL STORES IN UK WILL REMAIN CLOSED UNTIL AT LEAST 1 JUNE 2020
    • IN IRELAND ALL SMIGGLE RETAIL STORES WILL REMAIN CLOSED UNTIL AT LEAST 29 JUNE
    • PREMIER RETAIL INTENDS TO PAY RENT IN ARREARS FOR ALL STORES AT A GROSS PERCENTAGE OF SALES
    • CUSTOMERS INCREASINGLY ELECTING TO SHOP ONLINE; COULD HASTEN SUBSTANTIAL RETAIL RESTRUCTURE ALREADY UNDERWAY
    • GIVEN UNCERTAINTY AROUND RECOVERY, IMPOSSIBLE TO FORECAST EXTENT OF IMPACT ON 2H20 EARNINGS
 
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Last
$22.70
Change
0.290(1.29%)
Mkt cap ! $3.629B
Open High Low Value Volume
$22.62 $22.92 $22.51 $21.70M 957.4K

Buyers (Bids)

No. Vol. Price($)
2 7592 $22.66
 

Sellers (Offers)

Price($) Vol. No.
$22.70 40418 2
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