Pacific plain sailing

MELBOURNE: Pacific Brands FY2006 results showed strong sales growth delivered by the company's acquisition strategy, with $1,509 million in branded net sales showing a 9.3 per cent growth on the previous year. Total net sales were up by 6.8 per cent to $1624.9 million while EBITDA was $192.3 million, up 1.3 per cent. Footwear proved a strong performer with EBIT up by 13.7 per cent, while the company's net operating cash flow was up 6.5 per cent to $80 million.

Brazin re-think
SYDNEY: Brazin Group - which owns lingerie retailer Bras'n' Things (BNT), fashion jewellery retailer DCK Australia and swim and beach labels Cheetah and Aztec Rose - has unveiled plans for a strategic review of its structure. Brazin will seek to assess alternatives for its fashion, entertainment and homewares businesses and a review of its corporate structure and portfolio in a bid to unlock shareholder value.

DJ's on track
NATIONAL: David Jones has revealed sales revenue for the fourth quarter of FY 2006 was $454.6 million, up 5.4 per cent on the previous corresponding period. The result was due to strong growth in all categories including women's, men's and children's apparel as well as footwear and accessories. The store also performed well in all states, with Western Australia the strongest performer.

CML apparel strong
NATIONAL: Coles Myer Limited (CML) has announced strong fourth quarter results for its apparel and footwear businesses. Kmart's performance showed an increase of 6.9 head line and 3.1 comparative growth, while Target achieved sales growth of 4.3 per cent over the previous financial year. Target's fourth quarter headline sales rose 5.9 per cent while comparative sales were up 3.5 per cent. Department store Myer was sold to TPG-Newbridge Capital during the quarter, with transition arrangements ensuring business continuity.