Womenswear retailer Mosaic Brands returned to profitability in the December-half, helped by JobKeeper subsidies and rent holidays, but questions remain about the retailer's longer-term prospects after a horror 2020.
Mosaic, which owns brands including Katies, Millers, Rivers and Noni B, said it expected earnings before interest, tax, depreciation and amortisation to rise by between 22 per cent and 38 per cent to between $40 million and $45 million for the six months ending December, exceeding market forecasts.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
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
