May 22 (Reuters) - Surfstitch Group Ltd (SRF)
- Fy17 forecast update and planned closure of north american operation
- announces planned transfer of management of swell ecommerce platform from us to Australia
- forecasts underlying EBITDA loss for fy 2017 to a range of $10.5m to $11.5m from range of $5m to $6.5m previously advised to market
- "general business environment for apparel and footwear has been very difficult in each of group's key markets, particularly in uk"
- In the UK, surfdome business has experienced intense margin and sales pressure
