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Chairman’s am pleased to report that the Group
REPORT
The 2015 Financial Year saw
significant steps taken in integrating $791.5 million representing a 15.5
and beginning to reverse the
fortunes of the iconic Rivers brand
within our Group. At the same time
we have invested and witnessed
strong growth in online sales and
strong performance in a majority of
our other brands. Most of our brands
have continued to trade well and I
035
had its third consecutive six month
period of positive comparable store
sales growth.
The Board is encouraged by the
performance of our brands and
optimistic for 2016 as the Rivers
losses significantly lessen and we
continue to deliver the Group’s long
term strategic objectives and build
a stronger position in the Australian
retail market.
The revenue for 2015 reached
per cent growth for the Group. The
Group recognises the changing shift
towards online sales and invested
$2 million in critical IT systems
mostly to support our growing
digital strategy. In the past year
online sales for the organisation
grew by 64 per cent to $51.2
million, representing 6.5 per cent
of total revenue.