Mosaic Brands Ltd. engages in the retail and sale of women’s apparel and accessories. The company is headquartered in Sydney, New South Wales. The firm is primarily focused on offering women’s apparel and accessories within Australia and New Zealand. Its segment includes fashion retail, and multi-channel retail. The fashion retail segment shares similarities in its offering fashion clothing with the same customer demographic across different brands and is supported by one integrated support function, which includes finance, information technology, marketing as well as the production and distribution processes. The multi-channel retail segment consists of EziBuy, which is a New Zealand online digital apparel brand and provides services to customers across both Australia and New Zealand. The company owns and operates nine retail clothing brands, including Noni B, Millers, W.Lane, Rockmans, Katies, Crossroads, Autograph, beme and Rivers. The company sells apparel and accessories through its network of approximately 1,036 stores and its online digital department platforms.
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Here are the latest articles on Mosaic Brands (ASX: MOZ)
Mosaic Brands to shut down five clothing brands and corresponding stores in a bid for survival
October 1, 2024
Battling to keep the doors open at its flagship Noni B, Katies, Millers and Rivers stores, specialty fashion retail Mosaic Brands (ASX: MOZ) will shutter five of its brands in a drastic move to simplify its business and secure its financial future. All retail and online stores associated with Rockmans, Autograph, Crossroads, W.Lane, and BeMe will
Mosaic Brands struggles continue as retailer flags lower consumer spending
June 21, 2024
Australian fashion retailer Mosaic Brands (ASX: MOZ)—the company behind brands like Noni B, Millers, Rockmans, Katies, Crossroads and Beme—has reported a challenging second half of FY24, citing disruptions in its supply chain and a decrease in consumer spending as key factors impacting its financial performance. Despite a strong first half with a $13.1 million EBIT,
Renewed online focus proves profitable for Mosaic, sees 50% NPAT growth in H1 FY24
January 30, 2024
Even as discretionary spending takes a hit, fashion retail company Mosaic Brands (ASX: MOZ) has come out strong, ending the first half of FY24 with a 50% increase in its Net Profit After Tax (NPAT) on PCP. As per its recently released unaudited trading update, the Company expects to report an approximate NPAT of $5.9
Mosaic expects $33m earnings turnaround after being ravaged by pandemic, eyes 130 new stores
July 28, 2023
With Covid, many companies lost the very feature that set them apart (and that they invested significantly in). For experiential companies, customers being inside their stores was a necessity. So, while some successfully transitioned to eCommerce, others waited for business as usual to return. Retail company Mosaic (ASX: MOZ) was one such company. After acquiring
Savaged by COVID, Mosaic to permanently close 500 fashion stores
August 25, 2020
Retail in Australia has changed forever as a result of COVID-19 with Mosaic Brands (ASX: MOZ) the first large ASX-listed fashion retailer to announce mass closures of their retail network where up to 500 clothing stores will close permanently over the next two years. The announcement to reduce their network of more than 1,333 stores,
Rent negotiations reach boiling point as Westfield padlocks 129 Mosaic stores
August 21, 2020
After months of negotiations brought upon by the coronavirus pandemic, Mosaic Brands (ASX: MOZ) has had 129 of their retail stores temporarily closed by Scentre Group (ASX: SCG), the operator of Westfield shopping centres. The tough decision comes after months of underpayment in rent from Mosaic whose retail stores have been severely depleted of foot
Online sales up 80% through COVID-19 as Mosaic to re-open retail stores
May 7, 2020
Popular fashion labels Noni B, Katies, Rockmans and Rivers will soon be re-opening their retail stores with parent company Mosaic Brands (ASX: MOZ) confirming they will undergo a progressive restart after closing their 1,400 stores in March due to coronavirus biosecurity. Despite its store network’s closure over the past six weeks, Mosaic’s focus towards online
Coronavirus has the retail sector on life support, but death is inevitable
April 8, 2020
As an industry which had already been fighting for survival before the coronavirus pandemic, the stark reality is that the retail sector will never recover from the fallout of COVID-19. Walking through the corridors of Highpoint Shopping Centre during normal trading hours, more than 80% of retail stores had shut their doors, the only ones
Bushfires starting to affect ASX listings
January 15, 2020
The effects of the current bushfire season have been terrible and widely felt. It comes as no surprise that some ASX listed companies have been hurt by this season’s particularly bad fires. Fashion retailer Mosaic brands (MOZ.ASX) released a trading update which stated that “sales through the second half of November and throughout December, a
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