Highlights

  • City Chic reported global sales Revenue of $130.5 million for FY26.
  • Underlying EBITDA increased 92% to $12.3 million.
  • ANZ revenue grew 7.6%, supported by customer growth and improved product performance.
  • Inventory reduced 11% to $24.1 million while net cash position stood at $5.2 million.

City Chic Collective Limited (ASX:CCX) reported FY26 results showing improved Earnings performance, higher margins and continued progress across its retail operations. The company recorded global sales revenue of $130.5 million for the year ended 28 June 2026, with Underlying EBITDA increasing 92% to $12.3 million.

The result reflected continued execution of operational initiatives focused on improving product performance, managing costs and strengthening customer engagement. Trading Margin increased by 2.1 percentage points to 60.6%, while the company reduced its Underlying Cost of Doing Business by $7.1 million compared with FY25.

City Chic’s ANZ business remained a key contributor during FY26. Revenue increased 7.6% to $113.8 million, supported by growth across stores and online channels, higher average selling prices and customer acquisition. Comparable sales increased 5.6% during the period.

The company reported a record 517,000 active customers during FY26, with customer advocacy metrics also improving. City Chic continued focusing on product assortment, customer engagement and operational efficiency across its retail network.

ANZ Growth and USA Business Reset

The company’s ANZ operations continued to show improved trading conditions during FY26. Growth was supported by improved product mix, higher average selling prices and disciplined promotional activity.

In the USA, revenue declined to $16.7 million during FY26 following a deliberate reduction in purchasing activity due to tariff-related uncertainty. The company stated that this decision reduced inventory exposure while affecting sales, particularly through partner channels that depend on new product launches.

City Chic also transitioned its Amazon business from a wholesale model to a marketplace model, providing greater control over assortment and pricing. Fresh inventory was introduced into the USA market as the company prepared for further trading activity in FY27.

The company continued managing inventory levels throughout FY26. Inventory reduced by 11% to $24.1 million, reflecting lower purchasing activity in the USA and disciplined inventory management.

Balance Sheet Position and FY27 Priorities

City Chic ended FY26 with a net cash position of $5.2 million. During the year, the company repaid all borrowings, leaving its $10 million Debt Facility undrawn. The facility was extended through to 31 March 2028.

The company entered FY27 with a focus on continued customer engagement, product development and disciplined execution across its markets. In the first seven weeks of FY27, ANZ comparable store sales growth was reported at 11.4%.

The company continues focusing on expanding customer spend in ANZ through product assortment improvements, value offerings and targeted customer acquisition. In the USA, City Chic is progressing its operational reset with attention on key dress categories, community engagement and inventory investment.

City Chic also highlighted the use of technology and AI-enabled tools across the business to support decision-making, improve product buying processes, reduce returns and enhance customer outcomes.

The company operates as a global omni-channel retailer specialising in plus-size women’s apparel, footwear and accessories, with stores across Australia and New Zealand and digital operations across ANZ, the USA and marketplace channels.

Key Insights

City Chic Collective’s FY26 results highlighted improved earnings, margin expansion, lower inventory levels and progress across its retail transformation strategy. The company continues focusing on ANZ growth, USA business development and operational efficiency initiatives.