Billabong International
(ASX:BBG) has terminated an omni-channel solution provider agreement, which will result in a $11.7 million impairment in its FY17 results.
The surf wear retailer says it’s committed to rolling out its omni-channel solution, despite changing its service providers.
The company expects to deliver what they are calling as an ‘overall solution’ to be materially close to its original budgetary expectations.
Billabong says, the first of its new ecommerce websites, Surf Dive ‘n’ Ski is expected to launch before the end of this calendar year.
Shares in Billabong International
(ASX:BBG) are trading 8.54 per cent lower to $0.75.
