Shaver Shop Group fight on in tough retail market

Company News

by Rachael Jones

The Shaver Shop Group (ASX:SSG) has reported their cancellation of on-market buy-back shares.

Between January 1st 2018 and 9 March 2018 they cancelled 429900 shares.

The Australian and New Zealand grooming retailer showed earlier this year that not all Australian retailers are suffering in a challenging market. The company showed significant sales growth during its first half.

Last month the company showed sales grow 99 per cent to $93.4 million.

They saw new store openings and a tax boost from buying back franchises.

Shares in The Shaver Shop (ASX:SSG) closed up 1.08% to $0.47 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.