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,
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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
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