Australia’s City Chic Collective posts sales of $131.6 mn in FY24

City Chic Collective reported a 28.3 per cent decline in FY24 group sales revenue, totalling $131.6 million. ANZ revenue fell 30.8 per cent, with a 38.3 per cent drop in online sales.
Americas revenue decreased by 20 per cent, mainly due to inventory clearance.
The company posted an $8.4 million EBITDA loss but reduced inventory by 42.8 per cent.