PAS Group has announced the acquisition of the distribution license for international sportswear label Lonsdale.
First shipments for the brand will be delivered in January and rolled out through Target stores nationally.
The group has also signed a supply contract with Coles supermarkets for its Coles Mix program.
The deal will see PAS Group subsidiary Designworks design and supply Coles supermarkets with apparel for its women’s Mix program starting July 2018.
PAS Group also announced that total online sales for H1 FY2018 grew by 25% on the prior corresponding period and now represent 14% of total retail sales.
Despite strong online results, the group downgraded its earning guidance for 2018 citing ongoing subdued consumer sentiment, industry-wide traffic headwinds and the elevated promotional environment.
The group continues to be debt free but is now forecasting EBITDA to be between $8.0 - $8.5 million, compared to the $11.6 million the company registered for H1 FY2017.