Premier Investments has reassured that it is on track to meet expectations for November as the company experienced an improvement in October.

As a result, at the company’s AGM it reaffirmed its 2012 guidance of earnings before interest and tax for Just Group to be from $80 to $95 million.

Chairman Solomon Lew said the company has been working towards preparing itself for the Christmas season.

“The macro trading environment remains extremely challenging with the range of external factors I have previously noted, including the unresolved issues in the global economy, continuing to contribute to uncertainty and caution on the part of consumers generally,” he said.

“The Just Group six point EBIT improvement plan announced in July is being successfully implemented. The organisation wide cost of doing business reduction program has been accelerated to ensure we maximise our result within the current macro environment.”

The key objectives for the company is to rejuvenate its core apparel brands, expand gross margins, having an organisation wide cost of doing business reduction program, expand its growth brands and significantly grow its only business.

Lew also highlighted the company looks toward exploring the international market, with aim to develop the Smiggle brand after seeing early success in Singapore.

Additionally, it remains open to the idea of acquiring more businesses to leverage the Just Group platform.

Yet despite all these plans, Lew indicates the company, along with many other local retailers remain restricted.

“While we see very substantial opportunity to grow our online business and achieve benefits in both margins and sales volume, the unfortunate fact remains that no Australian based online retail business will achieve its full potential while a fundamentally flawed two tax regime which discriminates against local retailers exists,” he said.