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Business Description: RCG Corporation Limited (RCG) is an investment holding company which owns and operates a number of footwear businesses in the performance, comfort and active lifestyle sectors. These include The Athlete's Foot Australia and the newly acquired Shoe Superstore Group. In addition, RCG's wholesale and distribution subsidiary, RCG Brands Pty Limited is the Australian distributor for the Merrell Cushe, Chaco and CAT (Caterpillar) brands of footwear and apparel.
Strategy Analysis: RCG employs its retail competencies and resources to improve and grow the existing business whilst diversifying risk and strengthening its operating position. These outcomes are achieved through access to capital, franchise modeling and diversification
RCG Corporation reported net loss of $7,000 for the half-year ended 31 December 2012. Revenue from ordinary activities were $29.01m, up 22.2% from last year. Diluted EPS was 0.00 cents compared to 1.65 cents last year. Net operating cash flow was $1.22m compared to $2.25m last year. The interim dividend declared was 1.75 cents, compared with 1.25 cents last year.
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The Age 19/06/2013 |
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The Age 19/06/2013 |
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The Age 19/06/2013 |
Snowballing debts and no means to repay them ... going bankrupt is the last-ditch option for those in a financial hole too deep to climb out from.
The Age 19/06/2013 |
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The Age 19/06/2013 |
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