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1.Market Observations

18 Jan 2013 (The Age) – Rag trade boss coy amid sales success

(18 Jan 2013, The Age, Business p18, Colin Kruger)

‘COUNTRY ROAD has continued to evade the gloom weighing on Australia’s rag trade, reporting group sales for the half year to December jumped more than 50.5 per cent to $331.3 million, but its chief executive, Iain Nairn, has declined to offer guidance for the year ahead.’

‘The company has said it expects to report next month that earnings have doubled to as much as $29 million for the period, which includes the contribution of its recent acquisition, Witchery Group, as of September 30 last year.’

Read more at TheAge.com.au

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