Lovisa store rollout slows on discussions with overseas landlords
Carrie LaFrenzSenior reporter
Key Points
- Revenue ($m): 146.9, down 10pc from year-earlier 162.8
- Pre-tax profit ($m): 27.9 v 38.9
- Net profit ($m): 19.6, down 27pc from 26.7
- Interim dividend: 20c, payable April 22
Fast-fashion jewellery chain Lovisa Holdings’ store rollout program is being held up offshore as it tries to negotiate better leasing terms with its landlords in Europe and the US.
Chief executive Shane Fallscheer told AFRWeekend that in order to open more stores amid the COVID-19 backdrop it needs better terms.
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