Homewares retailer Adairs says total sales forgone because of mandated store closures over the first 16 weeks of the new financial year are as high as $32 million.
Year to date total group sales are 8.5 per cent lower than a year ago but 8.2 per cent higher on a like-for-like basis.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
