The retailer behind fashion brands including Noni B, Rivers, and Rockmans says an 80 per cent surge in online sales in the past six weeks is not enough to prevent a full-year loss due to the COVID-19 lockdown.
The Mosaic Brands board also culled its interim dividend due to the impact of the pandemic.
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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
