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clock Created with Sketch. 06/03/20
10:16
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Originally posted by jayd88:
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No. AX1 is predominantly in Aus with a presence in NZ (522 retail stores and acquired Stylerunner' late last year). It'll be back, but will take time. The recent results Half Yearly announcement underscores what a quality retail business this is, moreso than most other Aus retailers NPAT +9.7%; Owned sales +14.1%. If you're a retailer at the moment supply chain issues to replenish stock is hurting you and as this is a pure discretionary category, is marked down on the assumption people are conserving their discretionary spend. Cheers.
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people too busy buying toilet paper to buy shoes?
(20min delay)