City Chic Collective Limited: COVID-19 Update

  • May 25, 2020 AEST
  • Team Kalkine

City Chic Collective Limited (ASX: CCX) notified the market about COVID-19 update, key highlights.

  • City Chic possess negligible amount of net debt and substantial headroom in $40 million of debt facility. The facility matures in February 2023.
  • Initiated a staged re-opening of stores in New Zealand and Australia.
  • Online sales contributed two-thirds of global sales.
  • In Australia, CCX is eligible for the JobKeeper payment subsidy and in New Zealand, for the Wage Subsidy Scheme.
  • Attained cost efficiencies by lowering rents as agreed with landlords.


CCX last traded at $2.64 (AEST 12:15 pm), up 8.197 per cent, on the ASX.


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