Report
Adrian Skłodowski

CCC - Poor May-19; LFLs of -30%; e-commerce +56% y/y; low base from May-18 (negative)

Research prepared by PKO BP Securities
Underlying
CCC SA

CCC is engaged in the wholesale and retail trade of clothing and footwear. Co. offers its products to wide range of consumers, from demanding clientele of trendy boutiques to value-oriented medium segment customers, to less wealthy customers seeking reasonably priced quality footwear. Co. pursues a strategy of brand diversification, which is reflected in its three autonomous distribution channels: a chain of official CCC stores, BOTI footwear shops and QUAZI boutiques. Co. offers more than 2,500 designs of footwear. Co. also owns more than 67 proprietary brand names e.g. Lasocki.

Provider
PKO Bank Polski
PKO Bank Polski

Analysts
Adrian Skłodowski

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