City Chic Collective's mission to lead a world of curves has witnessed strong growth over FY21, the business has revealed in its FY21 results.
Despite the impacts of the pandemic, the curve retail group reported a 32.9% lift in sales revenue to $258.5 million, while comparable sales growth increased 31.6%.
Driven by international acquisitions of Evans and Navabi, the business reported its global customer base grew 61% year-on-year to 1.07 million active customers.
In FY21, City Chic's international markets made up (outside of ANZ) 44.1% of group revenue, while global customer web traffic grew 68% to 58.1 million visits.
These visits boosted the Group's digital sales in FY21, with the business reporting online sales growth of 49.3%, with eCommerce sales accounting for 73% of total sales.
City Chic CEO and MD Phil Ryan said the brand's strong results come down to its focus on three key elements of growth.
"Our strategic vision to lead a world of curves has taken a huge step in the last 12 months despite the impact of the pandemic.
"Our razor sharp focus on the three pillars of plus-size, digital and global customer acquisition have again delivered strong results," he said.
Ryan added that it wasn't just the international markets that proved fruitful for City Chic in FY21.
"We have continued to gain market share in ANZ with 27% revenue growth, achieved through lifestyle and segment expansion of the City Chic product streams.
"In August we soft launched the conservative value product into the Australian market, which allows us to address the broader curvy community," Ryan said.
Other highlights in the Group's results include a 59.8% lift in underlying EBITDA to $42.2 million.
Meanwhile, City Chic reported statutory NPAT of $21.6 million - representing 135.3% growth.
The business closed the period with net cash of $71.5 million with no debt drawn under its existing $40 million debt facility.
"With strong banner brands in Australia, US, UK and now Europe, and strong global marketplace partners, we are positioned well to continue to grow our business and to lead a world of curves," Ryan commented.
"I am proud of and thankful for the way our team has remained committed to delivering for our customers," he said.