The complicated unravelling of the Surfstitch empire continues with news that UK-based Surfdome, which it has just sold, is now exclusive global e-tail provider for another ex-Surfstitch property, Magicseaweed.
The Australian online surf and apparel retailer reissued its full-year profit guidance on Monday, warning that losses would double to between A$10.5 million and A$11.5 million in the 12 months ending June.
The under-pressure Australian online surf retailer reported a narrower half-year profit loss on Tuesday, largely due to the impact of the near $17 million sale of Surf Hardware International in December.
Struggling online apparel and sportswear retailer Surfstitch will let go 40 staff from its US operations, come October 2016. It comes as the e-tailer reviews operations abroad to regain profitable growth.
Busy with a global reorganisation, the board sports group posted revenues for AUS $ 1.048 billion for its 2014-15 fiscal year, closed at the end of June. Sales rose by 2.6%, thanks to the group's dynamism in America, ...