Embatttled fashion retailer City Chic posts $24m loss, sales slide 16pc in financial year 2023
![](https://images.thewest.com.au/publication/C-11747464/ad0d64370bdda15a5a2d2fc8ee6365a6de8da3a8-16x9-x0y206w4000h2250.jpg?imwidth=810&impolicy=wan_v3)
City Chic has posted a loss of $24 million in the 2023 financial year in what the embattled fashion retailer says was a result of heavy promotions to clear inventories amid a downturn in consumer spending.
Wallstreetjournaleurope 20170421 The Wall Street Journal Europe
![](https://images.thewest.com.au/publication/C-11747464/ad0d64370bdda15a5a2d2fc8ee6365a6de8da3a8-16x9-x0y206w4000h2250.jpg?imwidth=810&impolicy=wan_v3)
Embatttled fashion retailer City Chic posts $24m loss, sales slide
![](https://www.telegraph.co.uk/content/dam/business/2023/05/04/TELEMMGLPICT000334348769_trans_NvBQzQNjv4Bqt671WbH42S1Cgh7qkP2gbderf1OUIQbkLNZg14NSxwU.jpeg)
Lagarde signals interest rates may need to hit new record
![](https://www.telegraph.co.uk/content/dam/business/2023/05/04/TELEMMGLPICT000330493269_trans_NvBQzQNjv4BqJKshGvN1om7Aqkp8aAKZGXhalWWr0ApWpQ4rnNcEk8c.jpeg?imwidth=480)
Lagarde signals interest rates may need to hit new record
Wallstreetjournaleurope 20170421 The Wall Street Journal Europe
Wallstreetjournaleurope 20170421 The Wall Street Journal Europe
Wallstreetjournaleurope 20170421 The Wall Street Journal Europe
Wallstreetjournaleurope 20170421 The Wall Street Journal Europe
Wallstreetjournaleurope 20170421 The Wall Street Journal Europe
Wallstreetjournaleurope 20170421 The Wall Street Journal Europe
![](https://i.ytimg.com/vi/YUKvf4vv2AI/mqdefault_live.jpg)
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