Business
Labor ratchets up pressure on Premier to repay JobKeeper – The Australian Financial Review
The Solomon Lew-backed retailer of brands such as Smiggle and Just Jeans is expecting record first-half retail earnings, but not everyone is impressed.
The company flagged record first-half pre-tax retail earnings on Wednesdayas digital sales surged through the pandemic.
Sales and gross margin growth were “outstanding” in brands Peter Alexander, Just Jeans and Jay Jays in Australia and New Zealand in the 24 weeks ended January 9, it said.
Investors welcomed the news, sending the stock up $2.86, or 12.72 per cent, to $25.35- more than double its March low of $8.95.
While many retailers cancelled stock orders as they faced great uncertainty amid…
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