Clothing retailer Just Jeans saw sales rise 11.3 per cent to $A384.1 million in fiscal 2001.

According to Just Jeans managing director Howard McDonald, the result was helped by a range of factors including supply chain efficiencies, strong capital management and denim's return to fashion.

On the day that it announced the 2000-2001 figures, Just Jeans received a cash takeover offer from Catalyst Investment Managers and will now become a private company.

"Given the proposed transition of Just Jeans to a private company via the proposal from Catalyst Investment Managers, we will not be paying a year-end dividend," said Mr McDonald.

He added that: "Sales for the first six weeks of the new season (summer) have opened in line with budget and ahead of last year with the retail environment remaining very challenging."


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