Interesting to see City Chic report excellent H1 results today...

Interesting to see City Chic report excellent H1 results today with first half same store sales up 9%+. And given Noni B is also continuing to do well, albeit not as strong growth as CC, it begs the question as to why PGR cant do better despite the tough environment.

City Chic has $30m+ net cash - maybe they could do better with Review and/or Black Pepper. That said, the last thing you want to be doing in the current environment is trying to sell retail assets. Bring on the H1 results....