What I forgot to mention about Cettire and Nick Scali : the growth of their cash flow from operation during H1 24 : . + 81 % for Cettire, . + 24 % for Nick Scali (cash flow operation, after operating lease and interest payment).
This growth of their cash flow from operation was much higher than the growth of their EBITDA (+ 56 % for Cettire* and - 20 % for Nick Scali). Showing that these companies have also a great ability to manage their working capital.
Obviously such a growth of the cash flow from operation for both companies are quite far from a perception of a retail sector in crisis.
