SurfStitch news and archive

Worse-than-expected future for SurfStitch: FY17 loss doubles

Australian online fashion retailer SurfStitch advanced Monday that bigger losses are ahead as it has seen its online sales decline. The company is now forecasting an underlying EBITDA loss for the full year of between 10.5 million Australian dollars to 11.5 million Australian dollars, doubling its previous loss forecast for a range of 5 - 6.5...

Fashion

Billabong may sell its e-commerce businesses

Australian surfwear company Billabong International revealed details of its turnaround strategy, which includes the potential sale of its two e-commerce businesses, SurfStitch and Swell. This announcement comes shortly after the general meeting held in December, when shareholders gave their nod of approval for the refinancing deal for Billabong,...