SurfStitch expects earnings surge
Online sportswear retailer SurfStitch has lifted its earnings guidance for the year after wrapping up early a restructure of its European business.
The retailer now expects its full year underlying earnings to be $7 million, a 37 per cent increase on its previous guidance of $5 million.
SurfStitch said it revised its earnings guidance after recognising savings it could make from the early completion of the restructure in Europe, which was launched after the group’s acquisition of Surfdome last December.
The worst case scenario for many retailers came to fruition on Monday afternoon, when Victorian Premier Daniel Andr… https://t.co/zyRB162Yip9 hours ago
Retail in Melbourne to be forced to close from 11:59pm this Wednesday. Contactless click-and-collect and online del… https://t.co/8um79lnp761 day ago