City Chic Collective: Closes Aussie stores
- City Chic Collective (CCX) will temporarily close all Australian stores due to the coronavirus (COVID-19) pandemic
- This will take effect at the end of the week, following the recent closure of all New Zealand-based stores
- This decision came from the Australian Government’s directions against socialising and to limit outside, ‘non-essential’ activities
- City Chic stores contribute to 30 per cent of the total sales, the rest is online
- City Chic’s online store will remains open however
- On market close, City Chic is down slightly, trading for $1.07 per share
