City Chic Collective Faces 30% Sales Slump
City Chic Collective Faces 30% Sales Slump
City Chic Collective (ASX:CCX) has confirmed a massive 30% slump in sales for the year ending June 30. This news strongly suggests why the struggling fashionwear retailer is attempting to raise new capital and selling off its US online Avenue business at a loss.
City Chic Collective（澳大利亞證券交易所股票代碼：CCX）證實，截至6月30日的年度銷售額大幅下降了30％。這一消息有力地表明瞭爲什麼這家陷入困境的時裝零售商正試圖籌集新資金並虧本出售其美國在線Avenue業務。
The company had its shares suspended from trading earlier this week until next Monday to allow it to raise approximately $27.5 million in an emergency funding round.
本週早些時候，該公司的股票暫停交易至下週一，以允許其通過一輪緊急融資籌集約2750萬美元。
At the same time, the company announced it was looking at a loss of more than $9 million for the year. It has also received strong support from its financier, who has agreed to restructure its debt.
同時，該公司宣佈預計今年的虧損超過900萬美元。它還得到了金融家的大力支持，後者已同意重組債務。
City Chic paid $US16.5 million (or $A24 million) for Avenue in 2019 and confirmed on Thursday that it had sold the business for $US12 million (or $A18 million), resulting in a significant loss.
City Chic在2019年爲Avenue支付了1,650萬美元（合2400萬澳元），並在週四確認已以1200萬美元（合1800萬澳元）的價格出售該業務，造成重大損失。
"City Chic has signed a definitive agreement to divest its US-based Avenue business to Fullbeauty Brands for $US12 million (approximately $A18 million), subject to working capital adjustments at completion. The divestment aligns with the Group's strategy of focusing on the core City Chic customer in ANZ and the US. Completion is scheduled for July 2024," the company stated.
「City Chic已經簽署了一項最終協議，以1200萬美元（約合1800萬澳元）的價格將其在美國的Avenue業務剝離給Fullbeauty Brands，但須在完成時進行營運資本調整。此次撤資符合該集團的戰略，即專注於澳新銀行和美國的City Chic核心客戶。計劃於2024年7月完工。」 該公司表示。
City Chic also reported that its lender had agreed to restructure its current debt facility, providing a $10 million multi-currency facility with an extended maturity to December 2026.
City Chic還報告稱，其貸款機構已同意重組其目前的債務額度，提供1000萬美元的多幣種貸款，期限延長至2026年12月。
City Chic confirmed that forecast Group sales for FY24 are down approximately 30% to $187 million (including Avenue).
City Chic證實，預計集團24財年的銷售額將下降約30％，至1.87億美元（包括Avenue）。
The FY24 forecast Proforma Adjusted EBITDA post-AASB16 from Continuing Operations (excluding Avenue and Evans) is a loss of $9.3 million.
持續經營業務（不包括Avenue和Evans）對AASB16之後的24財年調整後息稅折舊攤銷前利潤的預測爲虧損930萬美元。
City Chic's shares were last trading at 30 cents before the suspension on Monday. They are unlikely to return to this level anytime soon if a highly dilutive capital issue occurs.
在週一停牌之前，City Chic的股票最後一次交易價格爲30美分。如果發生高度稀釋性的資本發行，它們不太可能在短期內恢復到這個水平。
