Retail

Pyjama party! Peter Alexander powers NZ profit for Aussie owner

Victoria Young
Tue, 18 Jan 2022

Pyjama party! Peter Alexander powers NZ profit for Aussie owner
Peter Alexander has been a standout performer for ASX listed Premier Investments.
Victoria Young
Tue, 18 Jan 2022
Kimbyr Investments, the NZ operator of major retail chains including Just Jeans, Smiggle and Peter Alexander has more than doubled its net profit to $21.2 million from $9.0m in the 53 weeks to July 31, 2021, from $9.0m in the previous year. While acknowledging a “highly uncertain macro environment” due to covid-19, the company said it did not need to record further impairment losses in New Zealand, having already discounted its estimated cash flows in 2020 by 10.5%. The NZ unit of ASX-listed Premier Investments has more th...

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