Specialty Fashion Group (SFG) has taken a hit for the financial year, but international expansion through partners such as Nordstrom could respark momentum.
Full year profit fell slightly from $13 million to $12.5 million, but revenue for the group was up 20.3 per cent to $685 million.
Comparative store sales for the year was down 0.7 per cent, however there was an improvement up in the second half with like-for-like store sales up 5 per cent.
This figure was against a 4.9 per cent decline in the first half of 2014.
Gross margins rose 124 basis points to 63.1 per cent.
Total online sales reached $31.2 million for the year, an increase of 42.5 per cent on last year.
SFG revealed it had slimmed down its final purchase price of value chain Rivers, which it originally had agreed to pay $5 million for last November.
The final purchase price will be $3.9 million.
SFG was forced to aggressively discount Rivers stock to clear its warehouse in the second half to make way for new stock.
This is expected to continue in the first half of fiscal 2015, with the second half seeing stores become fully stocked.
The company is currently relaunching its Millers brand, with the 15 month process already showing improved sales and margins.
Another sales driver is international growth in its plus-size label City Chic.
The brand has opened a flagship store in South Africa, in addition to a dedicated online site in the US.
In March, City Chic signed a distribution deal with Nordstrom to carry stock in 10 outlets .
This will now be expanded to 50 Nordstrom's stores across the US in October.